Corporate Resource Services to Delay Its 10-K Filing

NEW YORK--()--Corporate Resource Services, Inc. (NASDAQ:CRRS), a diversified technology, staffing, recruiting and consulting services firm, today announced that it will not meet its extended deadline for filing its Annual Report on Form 10-K with the Securities and Exchange Commission. The Company expects to complete its Form 10-K and file it with the SEC within the next few weeks.

“We are working diligently with our external auditors to finalize our financial statements and file our Form 10-K with the SEC. With the filing of our 10-K, we expect to report revenue growth in excess of 20% and record profitability for the year,” said Michael J. Golde, Chief Financial Officer of CRS. “Details of our conference call to discuss the fourth quarter and full year results will be announced once our Form 10-K is filed.”

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 247 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.

Contacts

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

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Corporate Resource Services to Delay 10-K Filing

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Contacts

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