IRC Responds to Tough Times

Because of the tough times for many companies, IRC has been getting increasingly more requests for our services on a one-off basis instead of under an ongoing annual contractual relationship.

More companies are tentative about the economic outlook and, therefore, hesitant to sign even a six-month contract. We have decided to do something we have almost never done before (but did for instance in 1982-3, 1987-8) and that is to unbundle our services and thereby open them up to those wanting periodic IR representation instead of regular monthly servicing. We have begun to help companies with a news release, annual report shareholder message, annual meeting presentation, and investor meetings, for instance. Some of these are community banks and some are other types of companies.

We hesitate to put the names of these companies on our web site, which we would not do without permission anyway. In some cases, these companies have other IR representation and that could cause confusion. In other cases, the relationship might be quite fleeting, and hardly worth the effort.

However, by way of example, for much of 2010 we have been assisting New Bridge Bancorp, Greensboro, North Carolina (NBBC) with its financial news releases and PowerPoint presentations. The company has now permitted us to identify them as a client since the relationship has been on-going even though still on a project basis. You will now find information about them on this site with a link to theirs.

Please remember, therefore, our client list will continue to appear shorter than it really is.