|[February 06, 2014]
Corporate Resource Services to Exceed $1Billion in Revenues After a Great Start in 2014
NEW YORK --(Business Wire)--
Corporate Resource Services, Inc. (NASDAQ:CRRS), the fastest-growing
diversified technology, staffing, recruiting, energy and consulting
services firm, today announced that it is already on track to exceed $1
Billion in revenue for 2014 with over 10 months left in the calendar
"Corporate Resource Service is extremely excited that we have started
off 2014 with a major acquisition," said John P. Messina, Chief
Executive Officer of Corporate Resource Services, Inc. "We're on our way
to the greatest year ever for Corporate Resource Services both in
revenues and strong earnings, and our organic growth expectations have
exceeded our internal projections; which indicated higher margins and
consistent growth for the corporation."
"The company has positioned itself to surpass our estimates and our
profits will increase in conjunction with this recent acquisition," said
Michael J. Golde, Chief Financial Officer at Corporate Resource
Services, Inc. "Over the past several weeks, we have right sized our
organization and streamlined our operations in excess of $3.5 Million.
This will position us to better integrate major acquisitions and realize
greater profitability and efficiencies as a company. 2014 is poised to
be a banner year for CRS and we will continue to deliver accretive to
earnings acquisitions while focusing on exceeding our aggressive organic
"We are also excited about the upcoming national rollout April 1 of our
software dashboard that unifies al job-related websites and search
engines for the end-user to make employee acquisitions single-touch and
more efficient for Fortune 100 companies."
About Corporate Resource Services, Inc.:
Corporate Resource Services, Inc. provides cloud-based enterprise
applications and hosting services to PEO and staffing companies, as well
as diversified staffing, recruiting, and consulting services. The
Company offers trained employees in the areas of Insurance, Information
Technology, Accounting, Legal, Engineering, Science, Healthcare, Life
Sciences, Creative Services, Hospitality, Retail, General Business and
Light Industrial work. The company's blended staffing solutions are
tailored to our customers' needs and can include customized employee
pre-training and testing, on-site facilities management, vendor
management, risk assessment and management, market analyses and
productivity/occupational engineering studies.
The Company's ability to deliver broad-based solutions provides its
customers a "one stop shop" to fulfill their staffing needs from
professional services and consulting to clerical and light industrial
positions. Depending on the size and complexity of an assignment,
Corporate Resource Services can create an on-site facility for
recruiting, training and administration at the customers' location.
Company recruiters have the latest state of the art recruiting resources
available to help customers secure the best candidates in today's
ever-changing marketplace. CRS's national network of recruiters has
staffing experts that get excellent results by focusing within their
areas of expertise.
The Company operates 235 staffing and on-site facilities in 42 states
and the District of Columbia and it offers its services to a wide
variety of clients in many industries, ranging from sole proprietorships
to Fortune 1000 companies. To learn more, visit http://www.crsco.com.
This press release contains forward-looking statements, which are
subject to risks and uncertainties. Such statements are based on
assumptions and expectations which may not be realized and are
inherently subject to risks and uncertainties, many of which cannot be
predicted with accuracy and some of which might not even be anticipated.
Future events and actual results, financial and otherwise, may differ
from the results discussed in the forward-looking statements. A number
of these risks and other factors that might cause differences, some of
which could be material, along with additional discussion of
forward-looking statements, are set forth in the Company's Annual Report
on Form 10-K filed with the Securities and Exchange Commission.
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