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Stock impact report

SPAR Group Sells Interest in Australia and NMS Joint Ventures

SPAR Group, Inc. (SGRP) 
US:NASDAQ Investor Relations: investors.sparinc.com/investor-relations
Company Research Source: Business Wire
Move allows SPAR Group to concentrate on most profitable businesses AUBURN HILLS, Mich.--(BUSINESS WIRE)--SPAR Group, Inc. (NASDAQ: SGRP) (“SPAR”, “SPAR Group” or the “Company”), a leading global provider of merchandising, marketing and distribution services, reports the sale of its ownership interest in SPARFacts, Australia and the National Merchandising Services U.S. joint venture.“As we continue our evaluation of strategic alternatives for the business, we are simplifying our operations and focusing on tangible value creation for our shareholders. These changes will improve our consolidated financial performance and balance sheet, while enabling leadership to be more targeted on growth and expanding client opportunities,” said Mike Matacunas, President and CEO, SPAR Group. He added, “Our core business in North America has delivered double-digit growth for the last several quarters. This change gives us more time and resources to drive business and deliver positive results for ou Show less Read more
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