MANALAPAN, N.J., Oct. 4, 2006 (PRIMEZONE) -- AccountAbilities, Inc. (Pink Sheets:ACBT), a provider of financial personnel staffing services, professional marketing services and management consulting services to CPA's and other professional firms, reported today that based upon the results of its last (two) months of operations, the Company's annual sales revenue run rate is now in excess of $50 million dollars.
The Company, over the last year, has taken major steps in creating its business platform. AccountAbilities will focus on the organic growth of the existing offices, expansion of the CPA Partnerships and the development of its Technical Service Group (IT, Engineering and BioTech/BioPharm) staffing initiative to enhance growth of its professional services sector.
Allan Hartley, President, commented, "We have built the business beyond our critical mass. The next twelve month initiative is to build our gross margins, become a fully reporting Company and strengthen our balance sheet to position the Company to pursue complimentary and strategic acquisitions."
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.