More good news from RSFF
the good news continues to pile up. the price still isn't reflecting it, but I think as they show profits and can prove to the world that they are a player they are goign to go MUCH higher. The news today should add 5 cents per share to earings, all by itself. Shoot, adding 5 cents earnings per share on a 65 cent stock is significant! And we are not talking about earning 5 cents, but ADDING 5 cetns. Just from this change.
Yes, I still see this stock going MUCH higher in the future. In the NEATR future (3 - 6 months!)
:-0
<<CINCINNATI, Dec 31, 2007 (BUSINESS WIRE) -- Resolve Staffing, Inc. (RSFF)
announces today that the Company has renewed its national workers comp plan for
2008 with favorable terms.
Resolve has renewed its national workers compensation program with American International Group (AIG) for 2008. Due to Resolve's aggressive risk management
program and strategic relationship with AIG the renewal includes a 20% discount, versus 2007, in overall rates. This is an approximate $1 million in savings which
will have a positive impact on gross profit for 2008.
Ron Heineman, CEO stated, "Renewing our national workers comp plan under these favorable terms shows the progress and growth Resolve has achieved in 2007. With a 20% reduction in rates, we expect this progress to result in improved gross
profit. With Resolve's national workers compensation program and national first dollar fully indemnified Health care program, Resolve will be able to provide HRO
services throughout all 50 states through our various divisions and brands. Moreover, this will help to minimize the Company's workers comp premiums and healthcare reserves, which have caused historical fluctuations in profitability
due to unpredictability and aggressive growth. Resolve has quickly become a national Human Resource Outsourcing (HRO) company and we have the corporate infrastructure to handle continued growth. Consistent revenue growth reflects our
strengthening position as a premier human resource company."
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