Press Release |
High Street Partners, Inc. and Tricor Group Members Create New Joint Ventures to Enable Businesses to Better Deliver Growth in Singapore and Japan.
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http://pdf.reuters.com/htmlnews/8knews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20130102:nBw025142a ANNAPOLIS, Md.--(Business Wire)-- High Street Partners, Inc. (HSP) is pleased to announce the formation of two joint ventures with Tricor Group (Tricor), a leading international corporate services firm with its head office based in Hong Kong. The joint ventures will operate in Japan (under the name Tricor HSP Japan JV K.K.) and Singapore (under the name Tricor HSP Singapore Pte Ltd). These new entities will extend and enhance the services and local support for HSP's clients operating in these locations. By providing a suite of solutions, both new joint ventures will help clients accelerate their entry into these markets, simplify the management and control of these international operations, and reduce their costs and administrative burden. "Establishing these Joint Ventures with Tricor will benefit our clients by tapping into the world class service and deep local market expertise for which Tricor is known. The new companies will strengthen and enhance the range of international business solutions offered to HSP`s clients in these markets.This investment demonstrates HSP`s commitment to ensuring that our clients benefit from the very best software and services available in each local market they operate in", said Larry Harding, Founder & President of High Street Partners. Mr. Ho Lon Gee,CEO & Managing Director of Tricor Singapore Pte Ltd, said, "Tricor Singapore has been a business partner of HSP in Singapore for many years.We worked closely and successfully served many of the HSP clients.A joint venture between Tricor Singapore and HSP in Singapore was a natural progression from our existing partnership.The joint venture would leverage on the complementary strength of both Tricor Singapore and HSP.Having joined forces, we look forward to servicing our customers even more effectively going forward." Mr. Henry Tan,Representative Director of Tricor K.K. said, "I have always believed we needed a solid partner in the United States and with HSP, we have found one. Not only will Tricor benefit from having a partnership in the largest economy in the world, clients of the joint venture will benefit from the extended network this partnership will bring." About High Street Partners ("HSP") High Street Partners is a premier provider of international business software and services.Their mission is to help companies capitalize on their international growth opportunities by simplifying the management and control of international expansion and operations. HSP`s signature solutions include HSP Overseas Direct, an integrated service bundle which incorporates all required recurring services, including international payroll, expense reimbursement, cash management, vendor payments, bookkeeping, quarterly and annual tax filings, and local statutory compliance, and HSP OverseasConnect,a cloud-based application for the aggregation and management of accounting, finance, HR and legal requirements across multiple geographies and lifecycles. Both solutions are offered with a full suite of custom Advisory Services.HSP provides a single point of accountability for clients spanning a range of industries and sizes: from those making their first overseas hire, to larger, publicly traded companies managing multiple subsidiaries on several continents, to top universities and research institutions operating in dozens of countries. HSP has 13 global offices, including Annapolis, Atlanta, Boston, Miami, New York, San Diego, San Francisco, San Jose, Hong Kong, London, Shanghai, Singapore and Tokyo. For more information, call 1-888-881-6576 or visit www.hsp.com. About Tricor Group ("Tricor") Tricor, a member of The Bank of East Asia Group, is a global provider of integrated Business, Corporate and Investor Services. As a Business Enabler, Tricor provides outsourced expertise in corporate administration, compliance and business support functions that allows clients to concentrate on what they do best - Building Business. Tricor has built its reputation and professional expertise through the acquisition of certain practices from major international accounting and professional firms as well as through organic growth and development. Tricor offices are located in Hong Kong (Head office), Barbados, British Virgin Islands, Brunei, Dubai UAE, India, Indonesia, Japan, Labuan, Macau, Mainland China, Malaysia, Singapore, Thailand and the United Kingdom. Tricor`s qualified professionals are experts in corporate structuring and advisory functions. In most countries/territories where Tricor operates, Tricor offers services in Accounting; China Entry & Consulting; Company Formation, Corporate Governance & Company Secretarial; Executive Search & Human Resources Consulting; Initial Public Offerings & Share Registration; Fund, Payroll, Treasury & Trust Administration; and Management Consulting. For more information on Tricor, please visit www.tricorglobal.com. High Street Partners Inc. Mr. Dwight Griesman, 1-617-474-1600 Chief Marketing Officer or Tricor / Tricor HSP Japan Tricor K.K. Mr. Henry Tan, (81) 3 4580 2700 Representative Director email@example.com or Singapore Tricor Singapore Pte.Ltd. Mr. Ho Lon Gee, (65) 6236 3988 CEO, Managing Director firstname.lastname@example.org Copyright Business Wire 2013