Epotec to Cease Operations at the End of 2002

OPEN MINDS, The Behavioral Health & Social Service Industry Analyst

Industry News

On November 4, 2002, Epotec, Inc. a leading provider of EAP content and services announced that it would be ceasing operations as of December 31, 2002. In a prepared statement, the company stated that the decision was due to declining revenues projected for 2003. "While most organizations recognize that web services are essential to support their business, the reality is that budgets have decreased. As we considered options for the coming year, we realized that our financial position would make . . .