CINCINNATI, Oct. 31, 2005 (PRIMEZONE) -- Resolve Staffing, Inc. (OTCBB:RSFF) is proud to announce the acquisitions of Project Solvers and Star Personnel.
Project Solvers, based in New York, New York, is a premier source for top freelance and permanent personnel in the fashion, apparel and design related industries. In business for over 15 years, the acquisition of Project Solvers will give Resolve Staffing an immediate presence in the prosperous garment industry. Star Personnel is a full-service staffing firm located in Ashland, Kentucky. The acquisition of Star Personnel further solidifies Resolve's presence in the Ohio/Kentucky market.
Ron Heineman, President and Chief Executive Officer, commented: "These acquisitions provide Resolve with new locations in key strategic markets in which the Company plans to expand. Project Solvers gives us an immediate presence in another vertical market. Project Solvers has an excellent reputation in the garment industry. In addition it strengthens our presence in the New York market. The acquisition of Star Personnel adds to our presence in the Ohio/Kentucky market. With a combined revenue of approximately $5 million, these two acquisitions put Resolve on an annualized run rate of approximately $50 million in Sales."
Don Quarterman, Director, stated: "This announcement is indicative of Resolve's commitment to grow our business. The garment industry represents another important growth vertical that we anticipate will add to our revenue. We have accomplished a great deal in 2005. Resolve has grown from a single location in Florida to a national firm with 39 offices from coast-to-coast in less than one year. Resolve continues to implement its growth objectives as it gains greater recognition in the staffing industry. Resolve has made numerous strides to progress the Company in a positive direction that management believes will build a foundation for the shareholders to see the benefits of our strategic plans."
About Resolve Staffing, Inc.
Resolve Staffing is a national provider of outsourced human resource services. With 39 offices reaching from New York to California, 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 medical, trucking, garment, 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.