1973 - 1975 recession marked by the 1973 oil crisis and the 1973 - 1974 stock market crash. This period is remarkable for rising unemployment (9%) coinciding with rising inflation.
PROFIT CONSULTING GROUP® (the original name of the company) performs it first engagement in Houston, Texas.
PROFIT CONSULTING GROUP® expands to new markets performing engagements in Texas and Oklahoma.
1980 silver market crashes as the Hunt brothers borrowed heavily to hold one third of the world supply of silver. The price began to fall dropping over 50% in just four days.
A tight monetary policy in the US to control inflation carried over from the events of the previous decade - the 1973 oil embargo and the 1979 energy crisis - led to a recession in the early 1980's. The beginning of this recession was triggered by the failure of Penn Square Bank.
PROFIT CONSULTING GROUP® continues to expand it's market from local community banks to larger regional and national retail banks.
On Black Monday - October 19, 1987 - the Dow Jones Industrial Average dropped 95.46 points (a then record) and fell another 58 points the next day, down over 12% from the August 25th all-time high.
George McKee - a banker with Bank of America (formerly NCNB) acquires the company changing the name to PROFIT TECHNOLOGIES.
The Japanese Bubble bursts on December 31, 1989 as the Nikkei reached its all-time high. Prices began to plummet in January. Throughout the 1990s, Japan experienced slower growth than any other major industrial nation.
PROFIT TECHNOLOGIES® offers credit card services becoming the industry's premiere earnings enhancement partner.
PROFIT TECHNOLOGIES begins offering its services internationally to Latin America and Canada.
PROFIT TECHNOLOGIES opens its first international office in London, UK under the name PROFIT TECHNOLOGIES Europe, Ltd.
he Asian Financial Crisis - a period of financial upheaval that gripped much of Asia - began in July 1997 and raised fears of a worldwide economic melt down due to the financial contagion.
The Dot.com Bubble bursts on Friday, March 10, 2000, as the tech heavy NASDAQ peaked at twice its value from a year before. Ten days later, it lost over 10% of its value and quickly begins a downward slide. After a decade of the longest growth period in American history, the speculative dot-com bubble burst and lack of business investments drove the US economy into a recession in the early 2000s
PROFIT TECHNOLOGIES® expands into the ASIA/PAC region and moves into other international markets including Australia, Latin America, South Africa and the Phillipines.
PROFIT TECHNOLOGIES launches its first process audit practice.
The Great Recession begins on September 15, 2008 as Lehman Brothers is allowed to fail. This triggers a sub-prime mortgage crisis that leads to the collapse of the United State housing bubble. Failing housing related assets contributed to a global financial crisis, even as oil and food prices soar.
PROFIT TECHNOLOGIES® enters the Chinese market with offices in Shanghai and Hong Kong..
European sovereign debt crisis begins to affect the global economy as the S&P down grades Greece's sovereign credit rating to junk. This occurs just four days after a 45 billion Euro IMF bailout and triggers the decline of the stock markets worldwide.
PROFIT TECHNOLOGIES changes the name of its domestic operations to PROFIT INSIGHT®.
PROFIT TECHNOLOGIES closes its first engagement in the Middle East.
The decade long success story comes to an end for gold. Prices begin to plummet as fear of another global economic downturn diminishes. Investors begin to abandon safe investment havens in favor of technology driven stocks.
PROFIT TECHNOLOGIES - the International arm of the company- changes its name to PROFIT INSIGHT®.
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