News & Events
Butler Negotiates Agreement with Senior Lender
April 6, 2009
For Immediate Release:
CONTACT: Jim Floody
954-761-2216
Fort Lauderdale, FL . . . Butler International, Inc. (BUTL.PK), a leading provider of Engineering Support and TechOutsourcing services, announced today it has negotiated an agreement with its senior lender to waive the requirement of obtaining a participation agreement with Select StaffingSM.
“Butler International has made considerable organizational changes recently. Our senior lender has seen the progress we’ve made, and has demonstrated a willingness to work with us.’ stated Ronald Uyematsu, CEO and President of Butler International. “We will continue to work with Select Staffing in an effort to complete a transaction satisfactory to all parties. We appreciate our senior lender’s willingness to work with us in a cooperative fashion.”
About Butler International, Inc.
Butler International, Inc. is a leading provider of Engineering and Technical Outsourcing services, helping customers worldwide increase performance and savings. Butler International's global services model provides clients with onsite, offsite, or offshore service delivery options customized appropriately to their unique objectives. During its 62-year history of providing services, Butler International has served many prestigious companies through its industry groups, which include clients in the aircraft/aerospace, federal/defense, communications, consumer and manufacturing and commercial sectors.
Safe Harbor Forward-Looking Statements
Information contained in this press release, other than historical information, may be considered forward-looking in nature as such it is based upon certain assumptions and is subject to various risks and uncertainties, which may not be controllable by Butler International. To the extent that these assumptions prove to be incorrect, or should any of these risks or uncertainties materialize, the actual results may vary materially from those that were anticipated.
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