PSI’s 2009 Annual Performance Exceeds Expectations Despite the Challenging Economy

BURBANK, Calif.--(BUSINESS WIRE)--PSI, an industry-leading provider of professional testing services and talent assessment solutions, announced today that the company’s performance has exceeded expectations.

“We are very pleased with PSI’s 2009 accomplishments”

PSI’s Licensure division was able to retain 100% of their licensure clients through a competitive bidding process in addition to growing by 10 large contracts, including strategic growth in the insurance industry with major wins in Minnesota and New Jersey. PSI has a stellar reputation in this area and is currently the number one provider in real estate, construction and cosmetology and barber state licensure programs.

PSI’s Certification division has also experienced growth. This division, which has been re-aligned and given a new sales focus in Q3 of 2009, has grown by 9% over last year. This growth rate is expected to double in 2010.

In October 2009, the national unemployment rate rose to 10.2 percent, the highest rate since April 1983. Despite these discouraging numbers, PSI’s Talent Assessment division was able to secure 67 new talent assessment clients. This was due to PSI’s reputation for being a leader in the professional assessment industry and providing best-in-class assessment solutions.

PSI differentiates itself in the marketplace through their operational excellence, technological innovation and a value-focused approach.

“We are very pleased with PSI’s 2009 accomplishments,” said Stephen Tapp, PSI’s CEO. “The drive to achieve high performance is more important today than ever. To best position PSI for future growth, we have taken a series of strategic actions to enhance our core business and focus on high-demand areas that offer the potential to extend our leadership in the market as we move into 2010. “

About PSI

PSI has over 60 years of experience providing solutions to corporations, professional associations and government regulatory agencies. PSI offers a comprehensive solutions approach from test development to delivery to results processing, including pre-hire employment selection, managerial assessments, licensing and certification tests, license management services and professional services. More information is available at www.psionline.com.