TeamStaff, Inc. Announces Delay of Year End Results
13 Enero 2011 - 4:55PM
Marketwired
TeamStaff, Inc. (NASDAQ: TSTF)
, a leading logistics and healthcare services provider
to the Federal Government and Department of Defense announced today
that it will not file its Form 10-K for the fiscal year ended
September 30, 2010 by the end of the fifteen day extension period
provided for under its previously filed Form 12b-25 with the
Securities and Exchange Commission. The Company requires additional
time to complete its financial statements and other information
contained in the Annual Report on Form 10-K due to the timing of
recent personnel changes, the additional resources required of
management to review and assess the disclosures in the Annual
Report on Form 10-K, in light of the changes to the Company's
business in fiscal 2010 and broader economic considerations, and
the need to conduct additional impairment testing of its goodwill
and other intangible assets. The Company filed a Form 12b-25 with
the Securities and Exchange Commission, in which the Company stated
that it believed it would be able to file its Annual Report on Form
10-K for fiscal year 2010 within the prescribed fifteen day period
under Rule 12b-25. As a result of the foregoing matters, the
Company will not be able to file its Annual Report on Form 10-K for
fiscal year 2010 within the fifteen day period under Rule 12b-25.
The Company is working diligently on this matter and intends to
file its Annual Report on Form 10-K as soon as practicable.
About TeamStaff, Inc.
TeamStaff serves clients and their employees throughout the
United States as a full-service provider of logistics and
healthcare support services. TeamStaff specializes in providing
high quality healthcare, logistics, and technical services to
Federal agencies and the Department of Defense. For more
information, visit the TeamStaff corporate web site at
www.teamstaff.com or the TeamStaff Government Solutions web site at
www.teamstaffgs.com.
This press release contains "forward-looking statements" as
defined by the federal securities laws and involve numerous risks
and uncertainties. TeamStaff's actual results could differ
materially from those described in such forward-looking statements
as a result of such risks and uncertainties. For a discussion of
such risks and uncertainties, see "Risk Factors" in the Company's
periodic reports filed with the U.S. Securities Exchange
Commission. The information in this release should be considered
accurate only as of the date of the release.
CONTACTS: Zachary C. Parker President and Chief Executive
Officer John E. Kahn Chief Financial Officer TeamStaff, Inc.
1 Executive Drive Somerset, NJ 08873 866-352-5304 Donald C.
Weinberger/Diana Bittner (media) Wolfe Axelrod Weinberger
Associates, LLC 212-370-4500 don@wolfeaxelrod.com
diana@wolfeaxelrod.com
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