Tempus to Double Sales Force in United States, Open New U. K. Location
Expansion to Meet Growing Need for Foreign Exchange Services
By Midsize Companies Underserved by Other Providers
Washington, DC – April 10, 2008 – Tempus Consulting, a leading provider of corporate foreign exchange (FX) and international payment services, recently unveiled plans to double its United States-based sales force and open its first overseas office in the United Kingdom. Both moves are expected to significantly increase Tempus’ share of the small-to-midsize business market, whose companies require high quality FX and international payment services.
Tempus will more than double the size of its headquarters office at 1225 New York Avenue NW, Washington, DC to accommodate the firm’s additional employees. The expanded space will also enable Tempus to grow in a controlled manner while maintaining the high quality of its services.
“We continue to see a great opportunity to service middle market companies. Our business model, which includes the services of a personal account manager, is ideal for such firms. Our clients receive individual attention from experts in the field,” states Daniel Wellington, president of Tempus.
“Some of our traditional competitors have abandoned this market segment, which has created an excellent opening for Tempus. Our confidence in this market is such that although there has been a lot of talk lately about recession and cutbacks, we are doubling our sales force,” he added confidently.
Tempus also announced that the offices of Tempus UK, Ltd will be opening this summer in the historic university city of Oxford, near London. The new operation will support clients based throughout the United Kingdom and is expected to grow to ten staff members over the next year.
“This is a natural growth market for us. A significant percentage of UK companies require foreign currency payments, and they are familiar with international markets,” commented Greg Kimball, Tempus CEO. “Tempus’ high-touch service model, market insight, and competitive rates of exchange have differentiated us in the U.S. marketplace, and we expect that advantage to carry over to the European market.”
About Tempus Consulting, Inc. (www.tempusconsulting.com)
Founded in 1999 and based in Washington, DC, Tempus provides expert, cost-effective foreign exchange (FX) and cross-border payment solutions to thousands of companies in a variety of market segments including art and antique dealers, freight forwarders, tour operators, and a large array of importers including automotive, wine, furniture and equipment companies.
Andrew Woelflein
Chief Strategic Officer
(202) 787 – 3460
awoelflein@tempusconsulting.com
Press Contact:
Tom Burke
Graber Associates LLC for Tempus Consulting
(617) 323-5694