TROY, Mich., Feb. 4, 2013 (GLOBE NEWSWIRE) -- Continuing its strategy to provide exceptional services for corporations, Lisette Poletes, CEO of Global LT, has taken over full ownership of the company as of January 1, 2013. Since 2009, Hortensia Albertini, the originating owner, held 51% investment while Lisette Poletes held 49%.
Global LT, a worldwide leader in Language & Cultural Training, Translation, Expatriate Destination Services and Workforce Talent Development has long been established as a minority and woman owned business since 1979. The mother daughter duo have experienced substantial revenue gains since partnering in 2009, when revenue was just over $9 million, with 2012 closing figures exceeding $20 million.
"For the past 34-years, one of my greatest passions has been helping expatriate's and their families live and work in foreign lands" said Hortensia Albertini, President of Global LT. "It's now time for me to pass on this business that I built to my daughter who is a strong leader and visionary that shares the same compassion and devotion to our clients and staff."
These ownership changes were a part of a long-term succession plan that was established over the last few years to ensure a seamless transition for clients and employees. Global LT has already seen great success under Lisette's day-to-day management and leadership for global expansion. She has been the driving force in establishing worldwide entities, such as China and Brazil, while also reinvesting back into the company to provide staff and clients innovative technology and multiplatform modes of delivery on a truly global basis to create maximum value. Lisette, who is a Michigan State graduate and Lansing resident, has a strong background in sales and marketing, a key component for the company's exponential growth in the past four years.
"My goal, since I partnered with my mom and the amazing staff at Global LT, was to build upon the empire and dream she made a reality," says Lisette Poletes. "We have a strong business plan in action and I look forward to driving the growth of Global LT to another 35 years."
Global LT was established in the kitchen of Hortensia Albertini's Michigan home in 1979, with nothing more than a phone and a filing cabinet. A Cuban immigrant, who was recently divorced and without a formal education, was forced to find a way to raise her daughter Lisette, so she decided to use her only skill she felt confident in, her Spanish language. Hortensia began offering language lessons to executives moving to Mexico for work assignments, which proved very positive for her small home based business. From there, Hortensia began offering other languages and cultural training programs. Today, Global LT is a full-service training, translation and expatriate destination solution center headquartered in the USA with entities in China, Hong Kong, Brazil, and the UK.
To learn more about Global LT' services, staff and locations, please visit www.Global-LT.com
Founded in 1979, Global LT is headquartered in Troy, Michigan. Global LT is a world renowned provider Language & Cultural Training, Translation, Expatriate Destination Services and Workforce Talent Development with representatives in Boston, Los Angeles, Phoenix, Pittsburgh, Raleigh, Hong Kong, Frankfurt, Paris, London, and Shanghai. Global LT is a member of the National Minority Business Development Council (NMBDC), The Association of Language Companies (ALCUS), American Translators Association (ATA) and the Women's Business Enterprise National Council (WBENC). To learn more visit www.Global-LT.com for more information or call + 1.888.645.5881
The Global LT, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=12275
A photo accompanying this release is available at: http://www.globenewswire.com/newsroom/prs/?pkgid=16977
CONTACT: Kristin Lambert Marketing Manager 248-786-0999 x22 KLambert@Global-LT.com
Source:Global LT, Inc