Teamstaff Inc. (TSTF)

[fredugsi]

Notice that on 3/31/11, a director bought 50K shares of TSTF at $0.49. Then notice the contract they just received and see where the stock is. FYI, Mr. Black is an employee of Wynnefield Capital, the largest institutional holder of TSTF.

03/31/2011 BLACK, PETER Director Private Buy 102,041 $0.49 50.0K 132,791

05/17/2011 Press Release
Somerset, New Jersey — May 17, 2011 — TeamStaff, Inc. (Nasdaq: TSTF), a leading logistics and healthcare services provider to the Federal Government, primarily within the Departments of Defense and Veterans Affairs, announced today that its primary operating subsidiary TeamStaff Government Solutions, Inc. “TeamStaff GS” has been awarded a single source Blanket Purchase Agreement (“BPA”) for the procurement of integrated medical support for the Department of Veterans Affairs’ Consolidated Mail Outpatient Pharmacy (“CMOP”) program. The tasks to be performed include pharmacy and pharmacy technician services in support of pharmacy production management. The maximum total value under this award is expected to be approximately $140,000,000 against the Company’s Federal Supply Schedule, Professional and Allied Healthcare Staffing Services GSA VA V797P-4348a and pursuant to site-specific task orders expected to be rendered by the VA.