TeamStaff Regains Compliance With Nasdaq Minimum Bid Listing Requirement
12 Mayo 2008 - 8:15AM
PR Newswire (US)
SOMERSET, N.J., May 12 /PRNewswire-FirstCall/ -- TeamStaff, Inc.
(NASDAQ:TSTFD), a national provider of healthcare, logistics and
administrative staffing services, today announced that it has
received a letter from The Nasdaq Stock Market, indicating that the
Company has regained compliance with the $1.00 per share minimum
closing bid price requirement for continued listing on the Nasdaq
Global Market, pursuant to the Nasdaq Marketplace Rules. In the
letter, Nasdaq advised the Company that this matter is now closed.
The Company's common stock is currently trading under the symbol
"TSTFD" to denote the reverse split. Commencing May 19, 2008, the
trading symbol will revert to "TSTF". 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, for TeamStaff, Inc.
Web site: http://www.teamstaff.com/
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