TeamStaff, Inc. Announces Results From Annual Meeting of Shareholders
April 17 2008 - 5:30PM
PR Newswire (US)
SOMERSET, N.J., April 17 /PRNewswire-FirstCall/ -- TeamStaff, Inc.
(NASDAQ:TSTF), a national provider of healthcare and administrative
staffing services, today announced the results from the Company's
Annual Meeting of Shareholders held on April 17, 2008, at the
Holiday Inn located in Somerset, New Jersey. At the annual meeting,
shareholders approved the election of Rick J. Filippelli and Martin
J. Delaney to serve as Class III Directors. In addition, the
Company's shareholders also approved a proposal to grant the
Company's board of directors the authority to effect a reverse
stock split of the Company's outstanding shares of Common Stock.
Immediately following the meeting, the Company implemented a
one-for-four reverse split of the Company's common stock. The
reverse split will become effective on April 21, 2008, at which
time the Company's common stock will begin trading on The Nasdaq
Global Market on a split-adjusted basis. The Company's common stock
will trade under the symbol "TSTFD" for a period of twenty trading
days following the implementation of the reverse split to denote
the reverse split, after which time the trading symbol will revert
to "TSTF". Additional information regarding the reverse stock split
can be found in the Company's Current Report on Form 8-K filed with
the Securities and Exchange Commission on April 17, 2008. About
TeamStaff, Inc. Headquartered in Somerset, New Jersey, TeamStaff
serves clients and their employees throughout the United States as
a full-service provider of medical and administrative staffing
through its two subsidiaries, TeamStaff Rx and TeamStaff Government
Solutions. TeamStaff Rx is a leading provider of travel nursing and
travel allied healthcare professionals. TeamStaff Rx operates
throughout the U.S. and specializes in the supply of travel allied
medical employees and travel nurses typically placed on 13 week
assignments. TeamStaff Government Solutions specializes in
providing medical, logistics and office administration/technical
professionals through nationwide Federal Supply Schedule contracts
with both the United States General Services Administration and the
United States Department of Veterans Affairs. For more information,
visit the TeamStaff web site at http://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 recruit and retain
qualified temporary and permanent healthcare professionals and
administrative staff upon 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 acceptable 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
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
Annual Report or Form 10-K for the most recently ended fiscal year.
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.
DATASOURCE: TeamStaff, Inc. CONTACT: Rick Filippelli, President and
CEO of TeamStaff, Inc., +1-866-352-5304; or media, Donald C.
Weinberger, , or Alisa Steinberg, , both of Wolfe Axelrod
Weinberger Associates, LLC, +1-212-370-4500 Web site:
http://www.teamstaff.com/
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