Corporate Resource Services to Exceed $1Billion in Revenues After a Great Start in 2014

Also guides up in profitability and prepares national rollout of new software dashboard.

Business Wire

NEW YORK--(BUSINESS WIRE)--

Corporate Resource Services, Inc. (CRRS), the fastest-growing diversified technology, staffing, recruiting, energy and consulting services firm, today announced that it is already on track to exceed $1 Billion in revenue for 2014 with over 10 months left in the calendar year.

“Corporate Resource Service is extremely excited that we have started off 2014 with a major acquisition,” said John P. Messina, Chief Executive Officer of Corporate Resource Services, Inc. “We're on our way to the greatest year ever for Corporate Resource Services both in revenues and strong earnings, and our organic growth expectations have exceeded our internal projections; which indicated higher margins and consistent growth for the corporation.”

“The company has positioned itself to surpass our estimates and our profits will increase in conjunction with this recent acquisition,” said Michael J. Golde, Chief Financial Officer at Corporate Resource Services, Inc. “Over the past several weeks, we have right sized our organization and streamlined our operations in excess of $3.5 Million. This will position us to better integrate major acquisitions and realize greater profitability and efficiencies as a company. 2014 is poised to be a banner year for CRS and we will continue to deliver accretive to earnings acquisitions while focusing on exceeding our aggressive organic growth objectives.

"We are also excited about the upcoming national rollout April 1 of our software dashboard that unifies all job-related websites and search engines for the end-user to make employee acquisitions single-touch and more efficient for Fortune 100 companies."

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 235 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.

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

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