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History
.......Founded
in 1986, Evans Hagen & Company began its corporate
life as a rescue and reorganization expert for struggling
organizations. Over its lifetime, the company has grown from
two to over a dozen consultants, with offices in both New
York City and Millington, New Jersey . Through the late 1980's
and early 1990's, Evans Hagen & Company was hired
by the Board of Directors of struggling organizations to provide
hands-on management expertise and financial advisory services
to turnaround their failing companies. Some of Evans Hagen
& Company's more notable successes are the corporate
turnaround and reorganization of the following list of companies:
Communication
Corporation of America (CCA):
Evans Hagen & Company
led CCA to escape bankruptcy and turn a $3 million prior year
loss to profitability within five months of the acquisition.
RCA Business Telephone Systems (RCA)
: Mr. Evans and Evans Hagen & Company professionals
designed and executed an operating and strategic plan which
eliminated a monthly cash flow deficit of $1 million and created
a net positive cash flow showing an EBIT profit within three
months of taking on the assignment.
Nynex Meridian Systems (NMS)
: Evans Hagen & Company analyzed NMS's financial
and operating problems, and recommended an action plan to
rapidly improve the performance of the venture.
Evans Hagen & Company's
scope of work is certainly not limited to corporate turnarounds
and restructuring. In fact, although corporate turnarounds
and associated restructuring work are still a part of Evans
Hagen & Company's repertoire, throughout the mid-to-late
1990's and into today, the company's corporate focus has gradually
been shifting. This shift has come as the fortunes of the
telecommunications industry have grown and changed into a
dynamic force the likes of which have never before been experienced.
Although Evans Hagen & Company still provides assistance
with corporate rescue and reorganization efforts, its main
focus now includes highly focused competitive and market analyses
for some of the largest telecommunications firms in the world,
as well as litigation support services and capital formation
transactions. Some of the firms that Evans Hagen &
Company has worked with include the FCC, Bell Atlantic
(now Verizon), Verison, AT&T, WorldCom, Sprint, Bell South,
GTE, Petek Holdings, Inc., and Global Crossing, among others.
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