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Leading U.S. Business Simulation Company Strengthens International Capabilities through Russian Training Consortium
Philadelphia, PA , August 9, 2006 - Strategic Management Group, Inc. (SMG), the world leader in developing and implementing scenario and numerical business simulations that support change management and improved profitability, has signed a $315,000, three-year deal with The Center for Business Skills Development Thunderbird (CBSD) for exclusive distribution of SMG’s simulations in Russia and the Commonwealth of Independent States (CIS). The signed agreement extends a distribution arrangement begun in 1996. Corporations with locations in Russia and the CIS and professionals based locally can receive SMG training courses, delivered by top trainers, in Moscow and Kiev locations.
The deal with CBSD is one of several recently signed agreements restating strong international distribution partnerships for SMG since the company was purchased by BTS USA, Inc. in February 2005. SMG now can distribute its premier simulations for business acumen, leadership, project management, and sales with local trainers, in the local language and in local currency. Combined with parent company BTS’ international locations and alliances, SMG can deliver business simulation solutions on six continents.
“SMG is the best in the world at business simulations and CBSD is pleased to be their exclusive provider in Russia,” said Dennis Hopple, Managing Director of CBSD. “As a premier business training facility in the region, we seek to provide the best and most well-known training materials the world has to offer; SMG has increasingly been exceeding our expectations.”
“We constantly assess the needs of Russian businesses for new training materials. Our philosophy is to work with the companies who are the best at what they do,” continued Hopple. “Both SMG and our access to BTS capabilities such as board simulation and elearning, allow us to be the best at what we do for corporate Russia.”
“CBSD Thunderbird represents one of the premier locations for business training in Russia and surrounding countries,” said Rommin Adl, President & CEO, SMG, Inc. “We’re pleased to formalize a new distribution arrangement with them to take us to 2009.”
About CBSD Thunderbird
CBSD has, through its provision of services and highly qualified and internationally certified trainers, gained exclusive access to materials provided by Strategic Management Group, Inc. (SMG), Thunderbird, Becker Conviser, FGI, WorldatWork, SHRM and BTS. CBSD has chosen these providers because they are internationally recognized as leaders in their fields of expertise.
CBSD is constantly assessing the needs of Russian businesses and where appropriate sourcing international materials to support its programs.
About SMG, Inc.
SMG is the world leader in developing and implementing scenario and numerical business simulations that support change management and improved profitability for corporations worldwide. SMG is a fully owned subsidiary of BTS USA, Inc, operating as a stand-alone company under its own SMG brand. SMG has provided training for over 50% of the Fortune 500 and is recognized by industry analysts as a world leader; SMG’s simulation technology and implementation processes continue to evolve with innovations that are focused on the ever-changing needs and priorities of business.
For further information please contact:
Jan Wiedrick-Kozlowski, Activa PR
+1 585 392 7878, jan@activapr.com
Rommin Adl, Strategic Management Group, Inc., tel: +1 484 391-2902
www.smginc.com
Christian Ankarcrona, BTS Investor Relations, tel: + 46 8 58 70 70 00
About BTS
BTS Group AB is an international training and consultancy company in the field of business acumen. BTS uses tailor-made business simulations to support company managers in implementing change and improving profitability. BTS trains the entire organization to analyze and to make decisions centered on the factors that promote growth and profitability. This generates increased emphasis on profitability and market focus, and supports day-to-day decision-making, which in turn leads to tangible, sustainable improvements in profits. BTS customers are often multinational companies. In 2004, BTS generated revenues of SEK 206 million and prior to the acquisition had 107 employees. BTS has been listed on the Stockholm Stock Exchange since 2001.
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