I just heard from an SP-internal-source that this is true, not just a rumor. If/when I have additional details on this story, I will post a further update. This news is shocking.
UPDATE #2, SATURDAY, 8:00 AM:
Check out the “comment” that was just posted by someone apparently in the know! (Comments appear at the very end of the blog post.)
ORIGINAL POST:
This
morning, I heard from three different, usually
very reliable sources, that Service Point has shut-down (or is in the
process of shutting down) its U.S. operations.
I heard this does not mean that this is true.
heard this “news”, I reached out – via e-mails – to Service Point’s HQ’s in
Barcelona, to the Press communication person listed in Service Point’s most
recent press releases, and to Service Point’s U.S. HQ’s – to ask Service Point
if this news is true, or not true, or partially true.
to those e-mails, I placed a call to Kevin, the Managing Director of SP’s U.S.
business, but, unfortunately, after I got to the Sales office extension and
asked for Kevin and was told, “yes, he’s here”, the phone connection was
disconnected. I called from an area
where my cell phone connection was very weak, so it’s highly likely that the
disconnection resulted from my having a very weak connection. Later, when I’m in an area where the cell
signal is stronger, I’ll try again to get Kevin on the phone. I, of course, would like to get a statement
from him! (I.E., true, not true, or
partially true.)
be very detrimental to a business. In
this case, if this “news” is nothing but rumor, meaning that there’s no fact to
it, it could, if Service Point management does not move quickly to deny or
correct, cause harm to Service Point’s business – and not just here in the U.S.
but in the U.K. and in Europe as well.
contacts within Service Point’s management team – in the U.S. or in the U.K. or
in Europe – please ask them to contact me at joel.salus@mac.com.
confirmed by Service Point, I have to consider this news to be “rumor”.
is true, it would certainly be a “holy cow” moment.
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update this post when I’ve heard anything new.
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which took place in 2005 or 2006, SP’s U.S. revenues were reportedly in the
neighborhood of $43 million annually.
But, per recent SP Investor Presentation and financial reports SP filed
with the Spanish Stock Exchange (the “Bolsa” I believe it’s called), Service
Point USA’s annual revenues in the U.S. were less than $20 million. Still, very
substantial revenues! Which, I think,
would place SP USA in the top 10 in the U.S. reprographics industry.
Reprographics 101 
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