Corporate Resource Services, Inc. (NASDAQ:CRRS), a diversified
technology, staffing, recruiting and consulting services firm, today
announced that it has acquired Alar Staffing.
"The Alar Staffing client base fits nicely into our existing business
throughout our national footprint," said John P. Messina, Chief
Executive Officer for Corporate Resource Services. "Alar has three
locations that generate over $30 Million in business and brings CRS
marquee customers that are nationally-recognized brands. CRS will
leverage these relationships throughout our 244 locations and create
additional profits for the corporation. We are excited about the team
Alar brings to CRS and the operational efficiencies we will realize
"This is an exciting opportunity for CRS," said Michael J, Golde, Chief
Financial Officer. "We continue to look for opportunities to grow and
expand our business while keeping our customers at the center of
everything we do as a company. This strategy and focus has served our
customers and our business very well. The Alar acquisition will generate
higher gross margins for CRS and increase the overall value to our
About Corporate Resource Services, Inc.:
Corporate Resource Services, Inc. provides cloud-based enterprise
applications and hosting services to PEO and staffing copanies, 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 244 staffing and on-site facilities throughout the
United States and the United Kingdom 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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