News & Events
Press Release
Contact: Robert Pargac (818)284-8728
For Immediate Release
FIRE DOES NOT IMPACT SIGUE'S OPERATIONS
Proactive Initiative Preserved Company's Robust 2008 Growth and Expansion Trend
SYLMAR, CA. – May 14, 2008 – Sigue today announced it suffered a fire in one of its offices located in San Fernando, California. The fire, which seriously damaged Sigue’s administrative headquarters, began at approximately 1:30AM. Management of Sigue promptly invoked its Disaster Recovery/Business Continuity Plan at 3:00AM while the fire still burned. By 5:00AM, at the opening of business, the fire was completely contained and Sigue money transfer services continued fully operational domestically and internationally.
“Through focus and tenacity over its 12-year history, Sigue has gained an industry-wide reputation as one of the principle players in the U.S. to Latin America money transmission industry. Our approach to achieving both business objectives and implementing risk management solutions led us to implement a comprehensive Business Continuity Plan.” said Sigue Chief Operating Officer, Joseph Aguilar. “Thanks to this forward looking initiative,” Mr. Aguilar continued, “Sigue and its dedicated employees shined brightly this Wednesday morning and led the Company through a situation that otherwise could have been devasting. We are pleased that none of our valued employees, customers or agents were affected by this event.”
The building affected by the fire was the working campus of approximately 400 of Sigue’s 1,200 employees. “My first concern when I received the call notifying me at 2:00AM this morning was whether our employees were in harms way.” said Sigue President, Leandro Miguel. “Our family of employees are our most valuable resource. The news all employees were safe provided an immediate positive emotion to the challenging situation, around which the entire Company rallied” he continued.
“San Fernando is Sigue’s home. We built this magnificent company from the ground up in partnership with the community” stated Sigue Chief Executive Officer, Guillermo de la Viña. “We are very thankful for the overwhelming support we have received from the City, as well as the charities we support in the area such as Providence Holy Cross Hospital” elaborated Mr. de la Viña.
“Thanks to the dedication and commitment of Sigue’s employees and the courage of 130 of the finest members of the Los Angeles Fire Department, we overcame this challenge” stated Mr. Miguel. “We are fortified by this experience and are moving forward into the future with renewed vision and vigor.”
ABOUT SIGUE
Headquartered in Sylmar, Calif., Sigue is a leading financial services company providing international electronic money transfer services to Mexico, Central America, South America and the Caribbean. The company is privately held and operates through a network of agents throughout the U.S and Mexico. Sigue has payment arrangements with leading financial institutions in Mexico, Central and South America including the Caribbean.
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