American Solutions for Business Announces Growth
American Solutions for Business (ASB), Glenwood, Minn., announced a 19 percent increase in net income (YTD), compared to this time last year, at its national sales conference held in Minneapolis earlier this month.
In addition, the company experienced its largest billing months in its 24-year history during November and December 2004--reporting an increase of 4,600 invoices sent (YTD) over the same period the previous year.
ASB is in its fifth year as an employee-owned company--the result of a decision by Founder and President Larry Zavadil to place the corporation into an Employee Stock Ownership Plan in 2000. Under the plan, which is non-contributory, shares in the corporation are purchased annually with corporate profits and are distributed to qualifying sales associates and employees. The latest increase in share value was 91 percent for the fiscal year ending June 2004.
For more information, call (800) 721-7110 or visit www.americanbus.com.