MANALAPAN, N.J., Sept. 26, 2006 (PRIMEZONE) -- AccountAbilities, Inc. (Pink Sheets:ACBT), a provider of financial personnel staffing services, professional marketing services and management consulting services to CPA and other professional firms, reported today its unaudited financial results through the 11 months ended August 31, 2006.
Revenues for 11 months ended August 31, 2006 were $29,891,752 with net earnings of $196,613. Revenues for the month ended August 31, 2006 were $4,573,934 with $90,793 of net earnings.
Allan Hartley, President, commented, "We are very pleased with our first 11 months since commencing our billing of clients. The Company growth for the year has exceeded our expectations. Not only was the Company able to grow rapidly, invest further in our CPA Partnership business model, build a strong back office infrastructure and integrate substantial acquisitions in an 11 month period, but amazingly, it was also able to generate a profit."
Ron Schapss, Chairman of the Board, commented, "We are very pleased with the management team as they have exceeded all of our projections and expectations and from what I am seeing, the best is yet to come."
About AccountAbilities, Inc.
AccountAbilities is engaged in the Professional Staffing Industry providing accounting through its Accounting/Finance Division, and IT, Engineering and Scientific through its Technical Services Division. AccountAbilities, through its Partner on Premise Program, provides accounting (CPA) firms and professional firms and companies the opportunity to partner in AccountAbilities staffing network. The Company also offers productivity based staffing solutions through its Workforce Solutions Program. http://www.aabilities.com.
The statements which are not historical facts contained in this press release are forward-looking statements that involve certain known and unknown risks and uncertainties, including but not limited to, changes in the market for internet or distribution services, regulatory and technological changes, economic factors, increased competition, foreign currency devaluation, foreign market risk, and the nature of supplier of customer arrangements which become available to the Company in the future. The Company's actual results may differ materially from the results discussed in or implied by any forward-looking statement. The words "intend," "expect," "should," "project," "anticipate" and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they were made.