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Corporate Resource Services Breaks Record Revenues and is on Track to Exceed $1 Billion in Revenue for 2014

Companies mentioned in this article: Corporate Resource Services, Inc.

NEW YORK -- (BUSINESS WIRE) -- Corporate Resource Services, Inc. (NASDAQ:CRRS), a diversified technology, staffing, recruiting, and consulting services firm, today reported that it has reached an all-time high of weekly sales in excess of $20 Million.

“This is a tremendous accomplishment for our entire company and the CRS Sales Team,” said John P. Messina, President and CEO of Corporate Resource Services. “We have been securing several major contracts throughout the US and the UK that have positioned CRS to exceed our projections of $1 Billion for 2014 and set us up for a banner 2015. With these weekly numbers, we’re continuing to capitalize on the business opportunities in the marketplace and are focused on better pricing as well as higher margin business that drives greater shareholder value.”

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 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.

Forward Looking Statements:

Certain information contained in this press release, particularly information regarding completion of this offering, constitutes forward-looking statements. Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be beyond our control. We caution you that the forward-looking information presented in this press release is not a guarantee of future events, and that actual events may differ materially from those made in or suggested by the forward-looking information contained in this press release. In addition, forward-looking statements generally can be identified by the use of forward-looking terminology such as “may,” “plan,” “seek,” “comfortable with,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe” or “continue” or the negative thereof or variations thereon or similar terminology. Any forward-looking information presented herein is made only as of the date of this press release, and we do not undertake any obligation to update or revise any forward-looking information to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise.


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Contact:

Corporate Resource Services, Inc.
Michael J. Golde, 646-443-2380
Chief Financial Officer