Most of you avoid higher prices stocks which is a big mistake, play the percentages rather than the poshits all the time imo,
SNWV a perfect example.
Delaware Valley Flowers Opens New Location and Selects Corporate Resource Services as Staffing Provider
Corporate Resource Services, Inc. (OTCBB: CRRS), a diversified staffing, recruiting, and consulting services firm providing managed services and 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, today announced that it has been selected as the exclusive vendor for Delaware Valley Flowers in their new Shrewsbury, Massachusetts location. “This is an exciting opportunity for CRS to partner with Delaware Valley Wholesale Florist, Inc. in their new location in Massachusetts,” said Matthew Vaccaro, Executive Vice President and Regional Manager of Corporate Resource Services. “Delaware Valley Wholesale Florist is expanding into new markets and since we are their staffing provider in New Jersey, Florida, California, and Maryland, they have continued to align with CRS because of our national footprint and solid On-site Management Program,” said Kevin Case, Regional Vice President of the Mid Atlantic Region for CRS. “This is a great example of how CRS can leverage our current customers that have multiple locations across the United States. Our regional leadership teams are working diligently to share all their clients that have locations throughout the markets we serve,” said Frank Vaccaro, President of Sales, Corporate Resource Services, Inc. About Delaware Valley Flowers, Inc.: Delaware Valley Wholesale Florist, Inc. began as a small family business in 1959 and has grown to become one of the largest floral distribution companies in the United States. Our modern, 100,000+ square foot Corporate Headquarters, located in Sewell, New Jersey, is supplemented by satellite Logistics, Distribution, and Sales facilities in Edison, NJ, Baltimore, MD, Miami, FL, Cromwell, CT, and Oxnard, CA. These facilities house the latest in state-of-the-art equipment, specifically tailored to meet the demands of floral distribution. Our staff of over 500 dedicated professionals is committed to providing you with: Excellence in Service, Quality, and most importantly, Value. About Corporate Resource Services, Inc.: Corporate Resource Services, Inc. provides diversified staffing, recruiting, and consulting services and 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 207 staffing and on-site facilities in 37 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.
Corporate Resource Services, Inc. Posts 29.3% Revenue Growth and Hits Fourth Consecutive Quarter of Profitability
Corporate Resource Services, Inc. (OTCBB: CRRS), a diversified technology, staffing, recruiting, and consulting services firm, today announced results for the quarter ended July 5, 2013, which included quarterly revenues of $199.2 million, an increase of 29.3% over the same quarter in 2012, while SG&A expense growth was limited to 0.3%. EBITDA for the quarter was $4.2 million and net income improved to $2.0 million, a record $4.3 million increase from the prior year. This is the fourth consecutive quarter of profitability for the Company. “We are very pleased with our results for the second quarter and believe that they reflect our success at executing on strategic initiatives aimed at improving profitability,” said John Messina, CEO of Corporate Resource Services. “We are generating top-line growth well in excess of most of our competitors and controlling expenses at the same time. As we continue to pursue higher-margin business, including increasing the SaaS and technology services we offer our clients in the staffing industry, we expect that our profitability will continue to improve.” “Our ability to grow our revenues by nearly thirty percent while holding SG&A flat year-over-year has generated significant earnings growth,” said Michael Golde, Chief Financial Officer of CRS. “We have successfully integrated our operations and continue to look for ways to improve our efficiency. For the first half of the year, we grew revenues by 32%, improved our EBITDA by $7.7 million and increased our net income by $7.1 million.” Based on preliminary results, the Company expects revenues for the third quarter of fiscal 2013 to be between $205 and $215 million, its EBITDA to be between $5.0 million and $7.5 million, and its net income to be between $3.5 million and $4.0 million. For the full year of 2013, the Company now expects to achieve EBITDA of between $19.0 and $24.0 million and net income of between $10.0 and $11.5 million on revenues of approximately $825 to $855 million. The estimates above do not reflect the impact of any future weather events and they assume no acquisitions of additional staffing firms and no deterioration in the staffing markets the Company serves. 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 231 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.
Corporate Resource Services Approved for Listing on NASDAQ
Corporate Resource Services, Inc. (OTCBB:CRRS), a diversified technology, staffing, recruiting, and consulting services firm, today announced that its application for listing on the NASDAQ Capital Market has been approved and it expects to begin trading as soon as practicable. “We are thrilled to be moving to the NASDAQ Capital Market,” said John Messina, Chief Executive Officer of Corporate Resource Services. “We believe this move will provide greater liquidity and value for our shareholders. The NASDAQ exchange provides the best trading platform for a rapidly-growing company like us. We are finalizing our listing procedures and expect to begin trading on NASDAQ within the next several days.” The NASDAQ OMX Group is the inventor of the electronic exchange. It delivers trading, exchange technology and public company services across six continents and owns and operates 26 markets, including 3 clearinghouses and 5 central securities depositories, supporting equities, options, fixed income, derivatives, commodities, futures and structured products. NASDAQ OMX technology drives marketplaces in 50 developed and emerging countries and powers 1 in 10 of the world's securities transactions. The NASDAQ OMX Group is home to approximately 3,300 listed companies worth $6 trillion in market cap. 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 231 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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