SOMERSET, N.J., May 28 /PRNewswire-FirstCall/ -- TeamStaff,
Inc., (Nasdaq: TSTF), a leading healthcare and logistics
services provider to the Federal Government and Department of
Defense, today announced that its management team will conduct a
conference call to update the investment community on Thursday, June 3, 2010 at 11am ET. The call will be hosted by Mr.
Zach Parker, President and CEO of
TeamStaff, who'll begin with prepared remarks and a follow up with
a question and answers session.
Interested parties may participate in the call by dialing (877)
869-3847; international callers dial (201) 689-8261 about 5 – 10
minutes prior to 11:00 AM EDT.
The conference call will also be available on replay starting
at 3:00 PM EDT on June 3, 2010 and ending on June 10, 2010. For the replay, please dial
(877) 660-6853 (replay account #353, replay conference #351332).
The access number for the replay for international callers is
(201) 612-7415 (replay account #353, replay conference
#351332).
Shareholder Letter
As part of the annual report that shareholders will receive
prior to this summer's Annual Meeting of Shareholders, a letter to
shareholders by Mr. Zach Parker, CEO
of TeamStaff, was included. Here is a partial excerpt, with a full
copy available at http://www.teamstaff.com/presentations/.
Although current economic and business conditions present
formidable challenges, and we can not be assured of our success,
our leadership team is optimistic about our future. Several factors
contribute to our optimism:
- Our strengths and core competencies in the government services
market aligns well with the President's (and Pentagon's) budget
priorities with particular emphasis in areas supporting logistics
and healthcare delivery to existing veterans and those Warfighters
soon to return from Iraq and
Afghanistan. Our Government
Solutions (GS) business offers potential for TeamStaff to be
well-positioned for growth in this expanding market.
- TeamStaff is proud of our relationship with the Department of
Veterans Affairs Consolidated Mail Outpatient Pharmacy (CMOP)
program and its recent recognition, in 2009, by J.D. Power and
Associates for Outstanding Customer Service rated as "Among the
Best." TeamStaff GS is currently the largest provider of
staffing services in support of the CMOP system and is honored to
provide quality support to our nation's veterans through the CMOP
program.
- Recent organic growth with wins on key government contract
competitions including the Armed Forces Retirement Home healthcare
program as well as several critical positions to support American
Recovery and Reinvestment Act "ARRA" projects for the United States
Department of Agriculture. Tactical wins on small, highly
competitive contracts such as these can be leveraged as we expand
strategically into adjacent and more profitable government services
markets.
- Demonstrated ability to recruit and retain "top caliber" talent
for our key programs. The low voluntary turnover of our nearly 800
employees within the GS business unit is indicative of a high
degree of employee satisfaction.
About TeamStaff, Inc.
Headquartered in Somerset, New
Jersey, TeamStaff through its subsidiary, TeamStaff
Government Solutions, specializes in providing medical, logistics,
supply chain management and information technology services to
federal agencies including the United States Department of Veterans
Affairs and the Department of Defense. For more information,
visit the TeamStaff web site at www.teamstaff.com.
"Safe Harbor" Statement under the Private Securities
Litigation Reform Act of 1995:
This press release contains "forward-looking statements" as
defined by the Federal Securities Laws. Statements in this
press release regarding TeamStaff, Inc.'s business, which are not
historical facts are "forward-looking statements" that involve
risks and uncertainties. TeamStaff's actual results could
differ materially from those described in such forward-looking
statements as a result of certain risk factors and uncertainties,
including but not limited to: our ability to continue
to recruit and retain qualified temporary and permanent healthcare
professionals and administrative staff on acceptable terms;
our ability to enter into contracts with hospitals,
healthcare facility clients, affiliated healthcare networks,
physician practice groups, government agencies and other customers
on terms attractive to us and to secure orders related to
those contracts; changes in the timing of customer orders for
placement of temporary and permanent healthcare professionals and
administrative staff; the overall level of demand for our
services; our ability to successfully implement our strategic
growth, acquisition and integration strategies; the effect of
existing or future government legislation and regulation; the loss
of key officers and management personnel that could adversely
affect our ability to remain competitive; other regulatory and tax
developments; and the effect of other events and important
factors disclosed previously and from time-to-time in TeamStaff's
filings with the U.S. Securities Exchange Commission.
For a discussion of such risks and
uncertainties which could cause actual results to differ from those
contained in the forward-looking statements, see "Risk Factors" in
the Company's periodic reports filed with the SEC. The information
in this release should be considered accurate only as of the date
of the release. TeamStaff expressly disclaims any current intention
to update any forecasts, estimates or other forward-looking
statements contained in this press release.
CONTACTS:
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Cheryl
Presuto
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Donald C.
Weinberger/Diana Bittner (media)
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Chief Financial
Officer
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Wolfe Axelrod
Weinberger Associates, LLC
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TeamStaff,
Inc.
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212-370-4500
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1 Executive
Drive
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don@wolfeaxelrod.com
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Somerset, NJ
08873
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diana@wolfeaxelrod.com
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866-352-5304
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SOURCE TeamStaff, Inc.