Michael J. Golde, the CFO of Corporate Resource Services, Inc. (CRRS), Interviews with The Wall Street Transcript

Wall Street Transcript

67 WALL STREET, New York - January 17, 2014 - The Wall Street Transcript has just published its Staffing & Outsourcing Services Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs and Equity Analysts. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

Topics covered: Growth in Temporary Staffing Demand - Secular Trend Toward Temporary Staffing - Strong Demand for IT Staffing - BPO Market Trends - Healthy Demand in BPO Space - Cost-Cutting Measures - Steady Growth in Labor Market - Upside Potential in Staffing Sector

Companies include: Corporate Resource Services, Inc. (CRRS) and many more.

In the following excerpt from the Staffing & Outsourcing Services Report, the CFO of Corporate Resource Services, Inc. (CRRS) discusses company strategy and the outlook for this vital industry:

TWST: Would you talk a bit more about Europe and what the growth opportunities are there? The company you acquired, I believe it's called FlexPlus, how does that fit into the company's overall strategy?

Mr. Golde: FlexPlus is headquartered in Leicestershire in the midlands of the U.K., which is the transportation hub of the country; it's the intersection of many of the motorways. They, like us, have many clients in the warehousing, distribution and logistics industry. They have grown as well on their own, and they also have a focus on technology.

They have developed, and we acquired as part of the acquisition, a software that they offer to clients online via a monthly subscription at a low price point. If you've ever heard of recruiting process outsourcing, or RPO, which is a kind of service offering in the recruiting industry where you set up an office just to recruit for a company that wants to make its own hiring decisions, and so basically you're generating candidates for them to consider. This software, which they branded as i-Integra, is actually a recruiting process automation software. We're very excited about it; in the brief period that they've been selling it, they've generated the equivalent of $600,000 in revenues, and that's just in this central U.K. area. They haven't even gone south to London yet or to other quarters of the country, so not only is it a great opportunity there, but we are in the process of making that software marketable for the U.S. market, and we're going to be selling it through our 235 offices. So there is a tremendous opportunity with that software.

We think that it is something that provides a unique value proposition to the marketplace. It really doesn't exist currently. One of the things it does is it allows someone in-house at a company trying to recruit people to post the job, and that job to be automatically posted to multiple job boards at a reasonably low price through the monthly subscription. We think that this is going to be very attractive to the marketplace, and we're excited about...

For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

View Comments (0)