Clinical Research Staffing Firm ASG Acquires CRO Ockham Develop... ( Merger provides additional value to c...)

Clinical Research Staffing Firm ASG Acquires CRO Ockham Development Group

Date:3/2/2009

Merger provides additional value to clients, shareholders and employees

CARY, N.C., March 2 /PRNewswire/ -- ASG, Inc. - a high-quality functional outsourcing and specialty staffing services group based in Cary, North Carolina - has acquired neighboring Ockham Development Group, Inc., a full-service contract research organization.

The acquisition - completed in early February for an undisclosed amount of stock - enables ASG to expand the breadth and value of services it provides clients needing to outsource clinical research trials; it also equips its clients in the pharmaceutical industry with a robust package of functional outsourcing and staffing services as well as a new opportunity to outsource an entire clinical trial.

"The addition of the Ockham team and its services helps accelerate our goal of becoming the company of choice for those wishing to outsource or augment staffing of a clinical trial," said ASG President and CEO James Baker. "We now have the breadth of services that allows clients to one-stop shop if they so desire."

In completing the acquisition, ASG is fulfilling a portion of its global growth strategy that will allow the firm to provide solutions that best meet the needs of existing and potential clients. At the same time, the acquisition will make it possible for Ockham - which will continue to be independently branded - to serve a wider and larger client base.

"The ASG platform will make it possible for Ockham to scale its operations and extend its client reach into a true global presence," said Ockham CEO, Dr. Josh Baker (unrelated), who now leads the company's clinical research organization operations. "This is a unique opportunity to combine with a stable industry leader and quickly build market value."

About ASG:

ASG provides high-quality functional outsourcing and specialty staffing services to CR
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Clinical Research Staffing Firm ASG Acquires CRO Ockham Develop...( Merger provides additional value to c...)