MANALAPAN, N.J., Feb. 22, 2006 (PRIMEZONE) -- AccountAbilities, Inc. (Pink Sheets:ACTB) announced today that it executed on the purchase of the operating assets of EXP Staffing. EXP Staffing provides professional accounting and financial staff to a multitude of Florida companies. EXP Staffing's operations are based in Orlando, Florida.
This acquisition of the operating assets of EXP Staffing builds upon AccountAbilities platform in the Professional Staffing and Accounting/Financial fields. Commenting on the acquisition, Allan Hartley, President of AccountAbilities stated, "The completion of the acquisition is in accordance with our plans to solidify our position in the Accounting /Financial staffing placements arena. Management from EXP Staffing will not only build their business going forward but will help AccountAbilities build our business model in this sector as well."
AccountAbilities expects the revenues from EXP to exceed $2 million in 2006.
AccountAbilities is a publicly traded company listed on the Pink Sheets under the Symbol "ACTB." The Company is engaged in the professional staffing industry, providing Accounting, Finance, Engineering and Work Force Solutions.
About Accountabilities Inc.
AccountAbilities is a publicly traded company listed on the Pink Sheets under the Symbol "ACTB." The Company is engaged in the professional staffing industry, providing Accounting, Finance, Engineering and Work Force Solutions (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.