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By PRWEB
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Combining public relations expertise and real estate expertise Idled Asset
Group`s husband and wife team aims to assist all stakeholders involved in
plant closing decisions.
Boca Raton, FL (PRWEB) July 26, 2004 -- Edmond L. Prins Chairman and CEO along
with wife Ellen Austin Prins Chief Operating Officer today announced the
formation of Idled Assets Group, Inc. in Boca Raton, FL. The company is a
continuation of a 25-year history of creating bottom line results for Fortune
1000 companies and communities from plant closings.
Together, they will work closely with the senior management of Fortune 1000
companies, communities, states and the federal government to create and
execute the best financial solutions for their idled land, plant, equipment
and labor. The Idled Assets Group (IAG), a woman-owned business, provides the
day-to-day management of the often-difficult situations when corporations and
government announce plans to close a plant or federal installation. Ellen
Prins COO said," Ed and I are excited about the opportunity to generate
economic return for all the stakeholders in a plant closing situation."
The Idled Assets Group structures and packages the assets to reflect the local
market forces generating a quicker sale at a higher financial return for the
owner while reducing the contingent liabilities and costs of holding that
property. The added benefits are the return of the assets to economically
contributing members of the community, thereby mitigating the short-term
negative publicity generated by the closure. Said CEO Ed Prins, "the best way
to think of us is as crisis managers and outplacement counselors for land,
plant and equipment."
The company brings to bear expertise in planning, market research financial
analysis and marketing. The group will also have strategic alliances with
equipment dealers, pollution liability insurance carriers, demolition
companies, investors and construction experts.
Prins began his career as an expert in corporate real estate restructuring at
Lehman Brothers Kuhn Loeb in 1980 and continued his practice at Security
Pacific Bank (now Bank of America) and Price Waterhouse. Austin-Prins was the
national marketing director of Homart Development Company and also has real
estate syndication experience.
Contact Information:
Edmond Prins
561-445-9476
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IDLED ASSETS GROUP, INC.
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