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ECG buyers moving forward

January 22 2008
The former president of Chimes, Barry Olson, has struck a deal with Vedior to acquire Ensemble Chimes Global, according to a letter from bankruptcy trustee Howard Ehrenberg and Olson that has been posted on the American Staffing Association's Web site. As previously reported, Olson has already taken control and has begun operating ECG. The company filed for bankruptcy, along with its parent company Los Angeles-based Axium International Inc., earlier this month.

In the letter, Ehrenberg and Olson recommend against staffing suppliers and clients working directly with each other now that a system has been set up.

They also said both time and expenses should be entered and approved in the Chimes system. According to the letter, "Under this process, payments will be made to the suppliers less the management fee for approved hours and expenses for hours and expenses worked and incurred after January 9th, 2008. Hours and expenses worked, incurred, and approved prior to January 9th will be paid as long as these hours and expenses are billed as part of the normal billing cycle after January 9, 2008."

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