CINCINNATI, Ohio, Jan. 24, 2006 (PRIMEZONE) -- Resolve Staffing, Inc. (OTCBB:RSFF) is proud to announce the acquisition of R & R Staffing, located in Syracuse, New York.
With $4 million in annual revenue, this acquisition will strengthen Resolve's presence in the New York market. Ron Heineman, CEO stated, "This acquisition demonstrates the Company's vision and continues to establish Resolve as a recognized presence in the Northeast. We now have 13 offices in various Northeast markets."
Ron Heineman further stated, "As we have demonstrated through the past year, Resolve will continue to pursue aggressive growth both organically and through strategic acquisition opportunities throughout the U.S. The Company will continue to focus on building an integrated national human resource outsourcing organization. This acquisition currently puts us on track for annualized Sales of approximate $75 million, and we expect that number to increase as we continue to focus on both organic growth and new acquisitions. Our acquisitions have been completed using cash, notes, and earnouts, as opposed to issuing addition stock. Therefore, this acquisition, as with our other recent acquisitions, will be accretive to earnings."
About Resolve Staffing, Inc.
Resolve Staffing is a national provider of outsourced human resource services. With 53 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.