CINCINNATI, June 13, 2005 (PRIMEZONE) -- Resolve Staffing, Inc. (OTCBB:RSFF) is proud to announce the acquisition of The Arnold Group, a Southern California staffing firm.
Resolve Staffing has acquired The Arnold Group, located in Ontario, CA, establishing a west coast presence for the Company. With $2.7 million in annual revenue and 250 employees, this acquisition will give Resolve an immediate presence in Southern California. Located just 35 miles from Los Angeles, Ontario is located in the heart of Southern California's robust economy. The area's diverse economy is burgeoning with a variety of manufacturing, retail, distribution and high technology firms. Ron Heineman stated, "This acquisition demonstrates the Company's vision and gives Resolve a recognized presence on the west coast of the U.S. We now have locations from coast to coast, reaching from New York to California. We are excited about the acquisition and look forward to continuing our strategic growth plans as we strive to become a national provider of outsourced human resource services. As we have demonstrated through our recent acquisitions, Resolve will continue to pursue aggressive growth both organically and through strategic acquisition opportunities throughout the U.S."
Don Quarterman, Director stated, "We are excited about the opportunity to establish our presence in the dynamic Southern California marketplace. Ontario is in a very strategic location with strong demographics and several highly successful businesses. Additionally, our strategic relationship with ELS Human Resources (www.elshr.com) continues to provide strength. The relationship has allowed Resolve to obtain various credit facilities to meet cash obligations related to our acquisitions and integration efforts. With these credit facilities, we have been able to continue making acquisitions without issuing additional stock. Resolve Staffing has a winning management team and a strong vision to make it a success. We look forward to continuing a solid and rewarding relationship with our customers and 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 is a national provider of outsourced human resource services. The Company 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.