TAGx to Oversee Oceanaire Closures in Cincinnati, Philadelphia, Seattle and Charlotte, as well as Implement Remanufacturing Program

(I-Newswire) July 15, 2009 -
Romulus, NY, July 14, 2009 - The Advantage Group Enterprise, Inc. (TAGx), announced today they will be overseeing Oceanaire's four facility closures as well as an asset remanufacturing and disposition program. Oceanaire Inc., a high-end seafood restaurant chain, issued a press release last week stating that it has filed for Chapter 11 bankruptcy and has closed four of its 16 locations.

TAGx will manage the closure of the chain's locations in Cincinnati, Philadelphia, Seattle and Charlotte, NC. For over two decades, TAGx has supported the facility and equipment transitions of restaurants and food service clients. These include some 35,000 locations touched each year. Starbucks, Boston Market, Tim Horton's and Church's Chicken are just a few of the major chains that TAGx has supported.

TAGx is widely recognized for their state of the art remanufacturing facility. They will be working closely with Oceanaire on an asset remanufacturing and redeployment program that will both save the company money and benefit the environment. TAGx's affiliation with the National Center for Remanufacturing and Resource Recovery at the Rochester Institute of Technology provides a sound foundation to create remanufacturing programs. "TAGx pioneered an innovative model in remanufacturing restaurant equipment for the food service industry and today is a leader in this industry. TAGx represents an outstanding model for partnership with organizations looking for quality, economical, and green products," writes Dr. Nabil Nasr, Assistant Provost for Academic Affairs, Director of the Center for Integrated Manufacturing Studies, and Director of the Golisano Institute for Sustainability at Rochester Institute of Technology.

About TAGx: The Advantage Group (TAGx) partners with firms to develop comprehensive programs designed to maximize returns, reduce costs and minimize "headaches" affiliated with equipment and facilities. Their clients range from businesses on "Main Street" to global firms traded on "Wall Street". TAGx's central operations hub is a 1,000-acre campus based in the Finger Lakes Region of Upstate New York.

TAGx is a global leader in managing, remanufacturing, buying and selling restaurant & food-related equipment.

For additional information, contact Jaclyn Mellone at 800-572-4480 x117 or jmellone@theadvantagegroup.com

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