MANALAPAN, N.J., Sept. 16, 2004 (PRIMEZONE) -- Stratus Services Group, Inc., the SMARTSolutions(TM) Company (OTCBB:SSVG), announced today that it has made further progress in moving towards tradeability of the Warrants it sold as part of its completed Unit Offering. The NASD has almost completed its review of this issue; the Company may have a decision by as early as next week.
Joseph J. Raymond, the Company's President, stated, "The recent downturn in the Company's stock value does not appear to have any relationship to the Company's operational results, as revenues continue to grow at record levels."
Stratus is a national provider of business productivity consulting and staffing services through a network of twenty-seven offices in seven states. Through its SMARTSolutions(TM) technology, Stratus provides a structured program to monitor and reduce the cost of a customer's labor resources. Through its Stratus Technology Services, LLC joint venture, the Company provides a broad range of information technology staffing and project consulting.
This news release includes forward-looking statements within the meaning of the federal securities laws that are subject to risks and uncertainties. Factors that could cause the Company's actual results and financial condition to differ from the Company's expectations include, but are not limited to, a change in economic conditions that adversely affects the level of demand for the Company's services, competitive market and pricing pressures, the availability of qualified temporary workers, the ability of the Company to manage growth through improved information systems and the training and retention of new staff, and government regulations.