Sterling Business Solutions Inc
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Company profile

Sterling Business Solutions, Inc., formerly known as Virtual Reality Inc., is a Professional Employer and Finance Organization (PEFO), that provides Payroll Administration, Human Resources Benefits, Financing, Funds Administration, Credit Card Processing and Equipment Leasing. The Company owns Technology Innovation Group Inc., which specializes in the development and manufacturing of new technology and systems for aerospace applications in technical disciplines such as electro-optical systems for space flight, helmet-mounted displays, artificial intelligence, holographic optical designs, and engineering and training simulation. The Company is set to acquire Intellashop.com, which is designed to meet all of the consumer's shopping needs. By allowing consumers to personalize their shopping preferences, Intellashop provides the tools to source products and product information, check real-time availability, compare price and quality of merchants, and obtain price and availability alerts.

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Boston Scientific sees Q1 revenue flat to up slightly as coronavirus delays elective procedures

6:41 am ET April 2, 2020 (MarketWatch)
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Boston Scientific Corp. (BSX) said Thursday it expects first-quarter revenue growth to be flat to up slightly versus the year-earlier period, after the COVID-19 pandemic caused many elective procedures to be delayed. The company said business trends were in line with expectations in January and February but took a downturn in March. "The company is currently conducting financial closing procedures for the first quarter and is unable to provide a more precise reported sales estimate at this time," the biotech said in a statement. Boston Scientific is expecting to report first-quarter earnings on April 29. In the meantime, the company is reining in costs, cutting the salaries of its CEO, board and executive committee memebers and temporarily reducing worker's work weeks. The company is working to supply some of the urgent equipment and supplies needed by health care workers, and is working with the University of Minnesota Bakken Medical Device Center and industry collaborators to bring a ventilator alternative to market. The company is making face shields at three of its U.S. plants and is working to develop a reusable personal respirator. Shares were not yet active premarket but have fallen 27% in the year to date, while the S&P 500 has fallen 24%.

-Ciara Linnane; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

April 02, 2020 06:41 ET (10:41 GMT)

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