CINCINNATI, Sept. 14, 2005 (PRIMEZONE) -- Resolve Staffing, Inc. (OTCBB:RSFF) is proud to announce the acquisition of Delta Staffing Solutions, a Southern California staffing firm, and the opening of a new office in Sarasota, Florida.
Resolve Staffing has acquired Delta Staffing Solutions, located in Bellflower, CA, a suburb of the burgeoning Los Angeles market. With $3 million in annual revenue, this acquisition will strengthen Resolve's presence in Southern California. Ron Heineman stated, "This acquisition demonstrates the Company's vision and continues to establish Resolve as a recognized presence on the west coast of the U.S. 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."
Resolve has also opened a new location in Sarasota, Florida. The Sarasota market is the third-fastest growing major market in Florida. With a population over 600,000 strong, the area is one of the largest, most affluent markets in Florida. In the last 5 years, it has grown 4 times faster than the national average.
Don Quarterman, Director stated, "We are excited about our expansion in both Florida and California. We continue to open new locations and make acquisitions without issuing additional stock and expect the acquisitions to be accretive to earnings. With our most recent acquisition, Resolve's current annualized Sales are quickly approaching $40 million. 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."
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.