Growth and Milestones for American Solutions for Business
Headquartered in Glenwood, Minn., American Solutions for Business (ASB) is completing its 25th year in operation, and has seen a 15 percent increase in net income (YTD) as compared to the previous fiscal year.
In the third quarter of 2006, American announced the addition of a number of sales teams from Global DocuGraphix affected by the former company’s bankruptcy filing in July. “Those sales teams are now firmly entrenched with us and have certainly made a positive influence on our success this year,” said COO Craig McLain. Another milestone came at the end of October, when American shattered all previous records for the largest billing month in the history of the company.
American is in its sixth year as an employee-owned company, and has enjoyed substantial increases in share value each year since the establishment of the ESOP (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.
For more information, visit www.americanbus.com.