First Rate Staffing Corp (fka FRSI)

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Live Updating

ListenToMe Free

08/12/16 2:05 PM

Post #30

IN FRSI

ListenToMe Free

05/16/16 8:52 AM

Post #29

Q1 2016 Financial Summary
Revenues in the first quarter of 2016 increased 42% to $7.0 million, compared to $4.9 million in the same year-ago quarter. The increase in revenues was due to new clients added and organic growth.

Gross profit in first quarter of 2016 increased 118% to $0.8 million, versus $0.4 million in the same year-ago quarter. Gross margin in the first quarter of 2015 increased 416 basis points to 12.0%, compared to 7.8% in the same year-ago quarter. The increase in gross margin was due to lower state and federal unemployment tax rates for the company's staffing employees and increased revenues in the first quarter of 2016, as compared to the same year-ago quarter.

General and administrative (G&A) expenses in the first quarter of 2016 increased 59% to $0.7 million versus $0.5 million in the same year-ago quarter. The increase in G&A expenses was primarily due to increased payroll costs associated with additional headcount added to manage the increase in the company's volume.

Net income in the first quarter of 2016 was $8,308 or $0.00 per share, as compared to a loss of $137,000 or $(0.02) per share in the same year-ago quarter.

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ListenToMe Free

05/16/16 8:48 AM

Post #28

FRSI... HUGE Q1.... First Rate Staffing Reports First Quarter 2016 Results

VERY STRONG! .... $10.00 PPS ...On the horizon!
http://finance.yahoo.com/news/first-rate-staffing-reports-first-123100162.html

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ListenToMe Free

03/20/16 4:22 PM

Post #27

First Rate Staffing Up-lists to OTCQB Under Symbol "FRSI".

http://www.streetinsider.com/dr/news.php?id=11433065

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ListenToMe Free

03/11/16 8:43 AM

Post #26

Re: #24: @cameron86 - http://www.otcmarkets.com/stock/FRSI/news/First-Rate-Staffing-to-Present-at-the-

FRSI $1.90 - is about to start getting jiggy now!
$10.00 Target near term$$$

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ListenToMe Free

03/10/16 8:40 PM

Post #25

Re: #24: @cameron86 - http://www.otcmarkets.com/stock/FRSI/news/First-Rate-Staffing-to-Present-at-the-

Very nice find Cameron

Looks like things are going to start heating up around here.

cameron86

03/10/16 7:42 PM

Post #24

Re: #23: @ListenToMe - Did you see the "Ask" was $10.00 this

http://www.otcmarkets.com/stock/FRSI/news/First-Rate-Staffing-to-Present-at-the-28th-Annual-ROTH-Conference-on-March-14--2016?id=127181

ListenToMe Free

03/10/16 10:48 AM

Post #23

Re: #21: @cameron86 - I see that. Not long till it bust

Did you see the "Ask" was $10.00 this morning? That goes to show how thin the ask is... FRSI can go PARABOLIC!

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ListenToMe Free

03/09/16 10:08 AM

Post #22

Re: #21: @cameron86 - I see that. Not long till it bust

$10.00 is my prediction!!

FRSI

cameron86

03/09/16 10:08 AM

Post #21

Re: #20: @ListenToMe - $1.85 X $1.90 now! ... And climbing!

I see that. Not long till it bust out here

ListenToMe Free

03/09/16 10:07 AM

Post #20

$1.85 X $1.90 now! ... And climbing!

FRSI

ListenToMe Free

03/08/16 4:49 PM

Post #19

Re: #13: @cameron86 - http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=151402

Thing's are about to heat up for FRSI.

.

cameron86

03/08/16 3:24 PM

Post #18

Re: #17: @TheInvincibleBull - That is true and the 10q looked pretty good

Yes it does! Growing and room for growth!

TheInvincibleBull Free

03/08/16 3:13 PM

Post #17

Re: #16: @cameron86 - I agree but with this low float it

That is true and the 10q looked pretty good

cameron86

03/08/16 3:13 PM

Post #16

Re: #15: @TheInvincibleBull - On watch. Like how small the float is

I agree but with this low float it could move quick without much.

TheInvincibleBull Free

03/08/16 3:07 PM

Post #15

On watch. Like how small the float is but wish it had more volume

cameron86

03/08/16 2:39 PM

Post #14

1.6 milly float may be heading to $10

cameron86

03/08/16 2:37 PM

Post #13

Re: #12: @ListenToMe - FRSI is $1.60 X $1.90 now!

http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=151402

ListenToMe Free

03/04/16 9:51 AM

Post #12

FRSI is $1.60 X $1.90 now!

ListenToMe Free

03/03/16 2:37 PM

Post #11

SHHHHH... FRSI is going to quietly climb to $10.00 BUCKS!

ListenToMe Free

02/29/16 6:55 PM

Post #10

Soon FRSI will amaze everyone!! :)

ListenToMe Free

02/25/16 7:27 AM

Post #9

FRSI is flying under the radar right now But it could become Explosive once people realize it is an actual company doing Real business!
Here's a little food for thought as well...

FRSI

Nine Months Ended September 30, 2015
Revenues $ 21,770,957

7,500,000 shares issued and authorized at September 30, 2015 and December 31, 2014

Take note*...

Our revenues increased by $9,957,462, or 84.3%, during the nine months ended September 30, 2015 as compared to the same period in 2014. The increase in revenues is due primarily to additional clients picked up towards the end of the quarter ended March 31, 2015. These new clients provided for additional revenue during the nine months ended June 30, 2015 as compared to the same period in 2014. In addition, the increase in revenues is also partially due to additional customers from the acquisition of Loyalty on February 11, 2014. As a result of the Loyalty acquisition, the revenues during the nine months ended September 30, 2015 reflect a full nine months of additional revenue from the acquired customers, whereas the revenues from the same period in 2014 only reflect additional revenues generated from the additional Loyalty customers subsequent to the acquisition date of February 11, 2014.

ListenToMe Free

02/24/16 1:38 PM

Post #8

$1.51 x $1.70 FRSI

ListenToMe Free

02/24/16 9:40 AM

Post #7

Keep a close eye on this one! FRSI

ListenToMe Free

02/19/16 10:13 AM

Post #6

frsi volume is definitely picking up! Something is brewing here!

ListenToMe Free

02/19/16 8:20 AM

Post #5

$1.45 X $5.00 ...FRSI.

ListenToMe Free

02/18/16 7:49 PM

Post #4

Nibble, nibble... inch by inch Up.

Frsi.

ListenToMe Free

02/18/16 3:11 PM

Post #3

Could get very interesting around here soon!
frsi

ListenToMe Free

02/16/16 12:34 PM

Post #2

FRSI... Could hit $9.00.

ListenToMe Free

02/13/16 10:47 AM

Post #1

Let's see what happens here?
Frsi

First Rate Staffing Corp (fka FRSI)

Followers	1	Posters	3
Posts (Today)	0	Posts (Total)	30
Created	02/12/16	Type	Free
Moderators

FIRST RATE STAFFING CORP COM (FRSI)
Outstanding at November 16, 2015
7,500,000 shares

Cash
The Company considers all highly-liquid investments with original maturities of three months or less when purchased to be cash equivalents. There were no cash equivalents at September 30, 2015 and December 31, 2014. The Company maintains its cash in bank deposit accounts which at times may exceed federally insured limits. The Company has not experienced any losses related to this concentration of risk. As of September 30, 2015, the Company had $316,537 of balances that exceeded the FDIC insurance limits.

6

Accounts Receivable and Factoring

Accounts receivable are carried at the original amount less an estimate made for doubtful accounts based on a review of all outstanding amounts on a monthly basis. Management determines the allowance for doubtful accounts by regularly evaluating individual customer receivables and considering each customer’s financial condition and credit history, as well as current economic conditions. Accounts receivable are written off when deemed uncollectible. Recoveries of accounts receivable previously written off are recorded when received. The allowance for doubtful accounts was $30,127 and $0 as of September 30, 2015 (unaudited) and December 31, 2014, respectively.

The Company entered into an accounts receivable factoring arrangement with a non-related third party financial institution (the “Factor”). Pursuant to the terms of the arrangement, the Company, from time to time, shall sell to the Factor certain of its accounts receivable balances on a non-recourse basis for credit approved accounts. The Factor remits 90% of the accounts receivable balance to the Company, with the remaining balance, less fees, to be forwarded to the Company once the Factor collects the full accounts receivable balance from the customer. An administrative fee of 0.015% per diem is charged on the gross amount of accounts receivables assigned to Factor, plus interest to be calculated at 0.011806% per day. The total amount of accounts receivable factored was $2,053,841 (unaudited) and $1,824,376 at September 30, 2015 and December 31, 2014, respectively.

Fair Value of Financial Instruments

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, based on the Company’s principal or, in the absence of a principal, most advantageous market for the specific asset or liability.

GAAP provides for a three-level hierarchy of inputs to valuation techniques used to measure fair value, defined as follows:

• Level 1 — Inputs that are quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity can access.
• Level 2 — Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability, including:

– Quoted prices for similar assets or liabilities in active markets
– Quoted prices for identical or similar assets or liabilities in markets that are not active
– Inputs other than quoted prices that are observable for the asset or liability
– Inputs that are derived principally from or corroborated by observable market data by correlation or other means

• Level 3 — Inputs that are unobservable and reflect the Company’s own assumptions about the assumptions market participants would use in pricing the asset or liability based on the best information available in the circumstances (e.g., internally derived assumptions surrounding the timing and amount of expected cash flows). The Company did not measure any financial instruments presented on the Consolidated Balance Sheets at fair value on a recurring basis using significantly unobservable inputs (Level 3) as of September 30, 2015 and December 31, 2014.

Concentration of Credit Risk

Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash and accounts receivable. The Company places its cash with high quality banking institutions. From time to time, the Company may maintain cash balances at certain institutions in excess of the Federal Deposit Insurance Corporation limit. Historically, the Company has not experienced any losses on deposits.

The Company’s policy is to maintain an allowance for doubtful accounts, if any, for estimated losses resulting from the inability of its customer to pay. However, if the financial condition of the Company’s customers were to deteriorate rapidly, resulting in nonpayment, the Company could be required to provide for additional allowances, which would decrease operating income in the period that such determination was made.

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First Rate Staffing Corp (fka FRSI)

First Rate Staffing Corp (fka FRSI)

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First Rate Staffing Corp (fka FRSI)

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