PORT HURON, Mich., April 18 /PRNewswire/ -- SEMCO ENERGY, Inc.
(NYSE: SEN) announced today at its Annual Meeting of Shareholders that it
plans to leverage its technical expertise and experience with mid-range
computer systems as well as its knowledge of and commitment to computerized
enterprise business systems to enter the information technology business. The
Company plans to make a formal announcement within the next two weeks.
"Since hiring Rudolfo D. Cifolelli as our Chief Information Officer, we
have invested heavily in our Information Technology area to support the growth
of our gas distribution, engineering and construction businesses. We now have
a state-of-the-art technology center here in southeastern Michigan," said
SEMCO ENERGY Chairman and Chief Executive Officer William L. Johnson.
Cifolelli, who has vast experience in the computer services outsourcing
market added, "There is an ever increasing demand for outsourcing services in
the information technology market. We at SEMCO ENERGY recognize that market
is a huge one -- the market for computer outsourcing services is estimated at
$100 billion annually. The revenue potential for Internet-related services is
many fold more than that. By leveraging our experience and investments, we
can turn a cost center into a profit center."
Before joining SEMCO ENERGY, Cifolelli established a similar information
technology outsourcing center from a data processing department of a large,
diversified energy company. He formed and grew a computer services
outsourcing company to more than $100 million in revenue in less than seven
years, employing 500 and serving 16 Fortune 500 companies.
Johnson said the development of an independent Information Technology
company fits SEMCO ENERGY's stated diversification plan.
"This new venture represents exactly the type of diversification SEMCO
ENERGY is pursuing. Its springboard is our management's expertise and the
skills and experience of employees. We are finding niches in the market that
are under-served and providing services in a high-quality, efficient and cost-
competitive manner," he said.
SEMCO ENERGY, Inc. owns and operates natural gas distribution systems
serving more than 350,000 customers in Michigan and Alaska. A subsidiary,
SEMCO ENERGY VENTURES, owns and operates businesses involved in gas
engineering and quality assurance services, pipeline construction services,
intrastate pipeline and natural gas storage and propane distribution in
various regions of the United States.
SOURCE SEMCO ENERGY, Inc.
CONTACT: Media, Francis R. Lieder, Jr., 810-987-2200, Ext. 4186, fax, 810-989-4098, or email, firstname.lastname@example.org, or Analysts, Edric R. Mason, Jr., 810-989-4104, fax, 810-989-4098, or email, email@example.com, both of SEMCO ENERGY, Inc.