Attached files
| file | filename |
|---|---|
| 8-K - Corporate Resource Services, Inc. | v209625_8k.htm |
| EX-10.1 - Corporate Resource Services, Inc. | v209625_ex10-1.htm |
Exhibit
99.1
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For
Immediate Release –
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Contact:
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Jay
Schecter
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212-346-7960
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jschecter@aabilities.com
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Frank
Vaccaro
Appointed
President of Sales
of
Corporate Resource Services
NEW
YORK—(February 1, 2011)—Corporate Resource Services, Inc. (OTCBB: CRRS), a
national provider of temporary and permanent staffing services (the “Company”),
announced today the appointment of Frank Vaccaro as its President of
Sales. Mr. Vaccaro was previously President and the primary
shareholder of a national staffing company known as Diamond Staffing prior to
its acquisition by Tri-Diamond Staffing in 2009. Mr. Vaccaro remained
as President and Chief Executive Officer of Diamond Staffing (which conducted
business as Tri-Diamond) after its acquisition. During his tenure as
President and Chief Executive Officer of Diamond Staffing, Mr. Vaccaro
contributed significantly to the growth of that company.
“We are
extremely fortunate to have Frank Vaccaro as the Company’s President of Sales”
said Jay H. Schecter, Chief Executive Officer of the Company. “His
background in the industry, creativity, work ethic and ability to motivate
employees only serves to make the Company a stronger player in the temporary and
permanent staffing markets. Mr. Vaccaro’s management style and
approach to the business make him a great fit for the Company.”
Mr.
Vaccaro and the Company entered into a five-year Employment
Agreement. The Company anticipates significant growth in all parts of
its business with Mr. Vaccaro as one of its leaders.
About
Corporate Resource Services
Through
its four wholly-owned subsidiaries, Accountabilities, Corporate Resource
Development, Insurance Overload Services and Integrated Consulting Group,
Corporate Resource Services is a national provider of diversified staffing,
recruiting and consulting services, including temporary staffing services, with
a focus on light industrial services, the insurance industry and clerical and
administrative support. The Company provides its services across a
variety of industries and to a diverse range of clients ranging from sole
proprietorships to Fortune 1000 companies. The Company conducts all
of its business in the United States through the operation of over approximately
50 staffing and recruiting offices.
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Exhibit
99.1
Safe
Harbor Disclaimer: This press release contains “forward-looking statements”.
These statements relate to expectations concerning matters that are not
historical facts. Such forward-looking statements may be identified by words
such as “anticipates,” “believes,” “can," “continue,” “could,” “estimates,”
“expects,” “intends,” “may,” “plans,” “potential,” “predicts,” “should,” or
“will” or the negative of these terms or other comparable terminology. These
statements, and all phases of our operations, are subject to known and unknown
risks, uncertainties and other factors, including, but not limited to, our
ability to satisfy our working capital requirements; our ability to identify
suitable acquisition candidates or investment opportunities; our ability to
integrate any acquisitions made and fully realize the anticipated benefits of
these acquisitions; successor liabilities that we may be subject to as a result
of acquisitions; material employment related claims and costs as a result of the
nature of our business; our ability to retain key management personnel; the
financial difficulty of our clients, which may result in nonpayment of amounts
owed to us; significant economic downturns resulting in reduced demand for our
services; our ability to attract and retain qualified temporary personnel, who
possess the skills and experience necessary to satisfy our clients and other
risk factors as identified in our annual report on Form 10-K for the fiscal year
ended September 30, 2010, and our other reports filed with the Securities and
Exchange Commission, or SEC. Readers are cautioned not to place undue reliance
on these forward-looking statements. Our actual results, levels of activity,
performance or achievements and those of our industry may be materially
different from any future results, levels of activity, performance or
achievements expressed or implied by these forward-looking statements. Except as
required by law, we undertake no obligation to update the forward-looking
statements.
-end-
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