CINCINNATI, May 23, 2005 (PRIMEZONE) -- Resolve Staffing, Inc. (OTCBB:RSFF) is providing an outlook for 2005, in which it believes the Company will be on its way to a major year of growth.
From increasing revenue generation, to the closing of a number of acquisitions and increasing shareholder value, Resolve Staffing is laying the groundwork for a tremendous year of success. Over the last few weeks, Resolve has made numerous strides to progress the Company in a positive direction that management believes will rectify certain issues and build a foundation for the shareholders to see the benefits of a long term plan. Our outlook for 2005 is a positive one in which we believe the Company will be on its way to a major year of growth.
Management has set a new course for success since developing a strategic relationship with ELS Human Resources (www.elshr.com). Resolve has put together agreements to acquire multiple companies, opened new locations and continues to seek numerous other opportunities. In 2005 Resolve Staffing expects to grow from its newly acquired locations. In the first half of 2005, the Company will be integrating these new locations and will be focused on revenue and cash generation as a major initiative. The Company has obtained various credit facilities to meet its cash obligations in the first half of 2005 related to its acquisitions and integration efforts. Revenue and profits are expected to be stronger in the second half than in the first half of 2005. Resolve's strategic relationship with ELS has not only strengthened the Company financially, it has helped the Company to diversify its service offerings.
Ron Heineman, CEO stated, "Over the past year, Resolve has successfully executed on a plan to position the Company for growth. We have focused on operations and execution. Most recently, we further strengthened our business and broadened our Company through disciplined organic and acquisitive growth initiatives. The Company has completed multiple acquisitions over the past several months and is focused on building an integrated national human resource outsourcing organization. As a result of these efforts, we have transformed Resolve Staffing from a company with one location in Florida, to a company with 20 offices throughout Florida, North Carolina, Ohio, Pennsylvania, and New York." Mr. Heineman further stated, "Resolve's commitment to a long-term plan requires a long-term time horizon from its shareholders. The Company is committed to its strategy and will endeavor to successfully execute its business plans over time. The Company thanks its shareholders, both new and old, for their commitment and we look forward to the years ahead."
About Resolve Staffing, Inc.
Resolve Staffing provides a full range of supplemental staffing and outsourced solutions, including solutions for temporary, temporary-to-hire, or direct hire staffing in the clerical, office administration, customer service, professional and light industrial categories. For additional information on Resolve Staffing visit our website www.resolvestaffing.com.
This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that we may not produce today and that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets.