MANALAPAN, N.J., Oct. 19, 2004 (PRIMEZONE) -- Stratus Services Group, Inc., the SMARTSolutions(tm) Company (OTCBB:SSVG), announced today that it has been informed that its market maker, Hudson Securities (formerly Wien Securities), has withdrawn its 15(c)(2)(11) application relative to the proposed trading of Stratus' Warrants on the OTC Bulletin Board.
The market maker recently underwent a change in control prior to withdrawing the application. Stratus is currently seeking other market makers to assist with the trading of the Warrants.
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.