PITTSBURGH, Sept. 12, 2016 /PRNewswire/ -- Mastech Holdings,
Inc. (NYSE MKT: MHH), a national provider of IT staffing and
digital transformation services, announced today that it has
changed its name to Mastech Digital, Inc. The ticker symbol "MHH"
for the Company's common stock listed on the NYSE MKT will remain
the same. The effective date of the name change with the NYSE MKT
will be September 15, 2016.
The name change is part of the Company's rebranding initiative
to reinforce the message that it is fully committed to the world of
'Digital' – which includes the SMAC, Automation and IoT
technologies. (SMAC is an acronym for Social, Mobility,
Analytics and Cloud.)
The rebranding is accompanied by a change in the company's logo
and a refreshed corporate website www.mastechdigital.com. The
Company's new logo is a chic design, made up of vibrant colors,
contemporary typefaces and a stylized motif of connecting dots,
which conveys its renewed focus and capabilities to solve
customers' business problems by 'connecting the dots'
digitally.
Commenting on this rebranding initiative, Vivek Gupta, the Company's President &
CEO, said, "Our new name, Mastech Digital, reflects our
ongoing transformation into a digital technologies company.
While we will continue to offer IT staffing services, we have added
focus and capabilities in staffing around the digital technologies.
Additionally, we have started offering new project-based
digital transformation services, beginning with Salesforce.com, SAP
HANA and Digital Learning. Over the next several quarters we
expect to enrich this portfolio of offerings further to address the
wider digital transformation needs of our existing and prospective
customers."
About Mastech Digital, Inc.:
Mastech Digital (NYSE MKT: MHH) is a national provider of IT
staffing and digital transformation services focused on solving its
customers' digital transformation challenges. The Company's IT
staffing services span across digital and legacy technologies while
its digital transformation services include Salesforce.com,
SAP HANA and digital learning services. A minority-owned
enterprise, Mastech Digital is headquartered in Pittsburgh, PA with offices across the U.S.
and India. For more information,
visit www.mastechdigital.com.
Forward-Looking Statements:
Certain statements contained in this release are forward-looking
statements based on management's expectations, estimates,
projections and assumptions. Words such as "expects,"
"anticipates," "plans," "believes," "scheduled," "estimates" and
variations of these words and similar expressions are intended to
identify forward-looking statements, which include but are not
limited to the expected expansion of the Company's digital services
offerings. These statements are based on information
currently available to the Company and it assumes no obligation to
update the forward-looking statements as circumstances
change. These statements are not guarantees of future
performance and involve certain risks and uncertainties, which are
difficult to predict. Therefore, actual future results and
trends may differ materially from what is forecasted in
forward-looking statements due to a variety of factors, including,
without limitation, the level of market demand for the Company's
services, the highly competitive market for the types of services
offered and planned to be offered by the Company, the impact of
competitive factors on profit margins, market conditions that could
cause the Company's customers to reduce their spending for its
services, the Company's ability to effectively implement its
business strategy and expand its services offerings, the Company's
ability to attract and retain qualified personnel, reduce costs and
conserve cash, and other risks that are described in more detail in
the Company's filings with the Securities and Exchange Commission
including its Annual Report on Form 10-K for the year ended
December 31, 2015.
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SOURCE Mastech Holdings, Inc.