Corporate Resource Services Acquires Nationwide Screening Services

Business Wire

NEW YORK--(BUSINESS WIRE)--

Corporate Resource Services, Inc. (CRRS), a diversified technology, staffing, recruiting, and consulting services firm, today announced that it has acquired Nationwide Screening Services located in Melville, New York.

“The Nationwide Screening Services acquisition immediately creates shareholder value for Corporate Resource Services,” said Mark S. Levine, Chief Operating Officer for CRS. “Nationwide Screening Services will bring Gross Margins of over 65% to CRS, which is complementary to our overall strategic plan of increasing the corporation’s profitability. The growth opportunities in the screening space are tremendous and we plan on leveraging these service offerings throughout the CRS network of locations.”

“Nationwide Screening Services offers a full spectrum of screening services to the marketplace and by aligning ourselves with Corporate Resource Services, we will be able to realize immediate growth,” said Lorenzo Pugliano, Chief Executive Officer of Nationwide Screening Services. “This new relationship will not only bring higher profitability to CRS but enable us to capture additional clientele in the staffing industry.”

For more information on Nationwide Screening Services, please visit http://www.nsshire.com/index.php.

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 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.

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

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