| March 17 & 18, 2008 | Midwest Venture Summit | |
| On line registration is now closed. On site registration will be available on Monday, March 17 at The University of Chicago Gleacher Center and on Tuesday, March 18 at the Sheraton Chicago Hotel & Towers. The cost to register is $599.00 | ||
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Adams Harris, Inc.
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Internet: |
www.adamsharris.com |
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Address: |
180 N. Stetson Avenue, Suite 4650
Chicago IL 60601 |
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Contact: |
Mike Harris, Co-Founder and Chairman |
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Phone: |
312/376-4900 |
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Fax: |
312/376-4999 |
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e-Mail: |
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Adams Harris (the “Company”) is a professional services firm offering high value services in the areas of internal audit, Sarbanes-Oxley compliance, accounting & finance, corporate tax and technology audit, process & controls. The Company is an attractive alternative to many of the existing providers based on affordable pricing, flexibility, customization and quality. Adams Harris is typically engaged by clients for special projects, outsourcing or co-sourcing arrangements, consulting expertise or for resources to meet various staff augmentation needs. The majority of our services are billed by the hour and to date our average hourly bill rates have been in the $90-$100 range.
Adams Harris opened its first office in Chicago during the summer of 2006. A Houston office was opened in the fall of 2006. Using a proven operating model, our goal is to build a national firm by 2012 at which point the Company projects employing 500 people and generating annual revenues in excess of $75 million with significant profitability. In 2007, Adams Harris billed $3.4 million and served 50 clients on 68 different projects. The Company currently employs 60 people. Adams Harris was founded by Mike Harris and Rob Dennison and has received investment capital to date of $7.6 million from Adams Street Partners and Harris. Many of Adams Harris’ operating philosophies and principles are based upon those created and validated by the founders while at Jefferson Wells. Founded by Harris in late 1995, Jefferson Wells grew to 25 offices with 1,600 employees and $131 million in revenues in just over five years. During that time Harris was CEO and Dennison joined the firm as a Managing Director before taking on a regional leadership role. In July 2001, Jefferson Wells was sold to Manpower for $174 million in cash generating strong returns for its investors. Jefferson Wells continues to perform well for Manpower with annual revenues exceeding $300 million including its several international offices. The current market opportunity for our services in the U.S. is estimated to be approximately $25 billion. The market has been significantly impacted in a positive way by the passage of the Sarbanes-Oxley Act of 2002 (SOX). A key element of our model involves driving regular demand by utilizing a direct sales force managed at the local office level. The majority of our professional staff is salaried which supports our high quality delivery model. The Adams Harris business plan is built assuming all organic growth but selective acquisitions will be considered. | |
