Allegiant Professional Business Services Inc. is focused on providing financial services to small and medium-size businesses. The company relieves its clients from many of the day-to-day tasks that negatively impact their core business operations, such as payroll processing, human resources support, workers’ compensation insurance, safety programs, employee benefits, and other administrative and aftermarket services predominantly related to staffing.
The company recently authorized the repurchase of up to an aggregate of 15,000,000 shares as market and business conditions warrant. David Goldberg, CEO and Chairman of Allegiant, believes that the current valuation of Allegiant’s common shares makes the repurchase of its own equity a solid investment and will be accretive to shareholder value.
Allegiant’s business has continued to grow at an excellent run rate. The company estimates annual payroll runs upwards of Ninety Million Dollars ($90,000,000.00) for year ending December 2009. Allegiant intends to continue aggressively seeking strategic acquisitions for further growth.
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