Care Recruitment Solutions International, Inc. Enters into a Contract to Effect a Reverse Merger into Abcor Products, Inc.
21 6월 2005 - 9:53PM
Business Wire
ABCOR PRODUCTS, INC. (Pink Sheets: ABPR) announced today that it
has entered into an agreement to acquire the capital stock of CARE
RECRUITMENT SOLUTIONS INTERNATIONAL, INC. ("CRSI"). The acquisition
will be completed approximately ten days after Abcor mails to its
shareholders an information statement regarding the transaction.
Abcor will issue approximately 90% of its common stock in exchange
for the CRSI shares. About CRSI: Care Recruitment Solutions
International, Inc. ("CRSI" or "the Company") is an international
nurse and medical personnel Staffing and Recruiting Company focused
on the sourcing and placement of foreign-trained Nurses, Health
Caregivers and other medical personnel for US Hospitals and other
health care facilities. CRSI sources quality fully trained and
experienced Nurses and other medical staff from selected foreign
countries and qualifies them in the UK for employment primarily for
the Nursing profession in the USA. . While completing their
training and taking the US Nurse Licensing Exam (NCLEX-RN) in the
UK and completing immigration formalities, CRSI utilizes the
services of these nurses through CRSI-owned nursing and care
staffing agencies in the UK thus generating immediate revenues for
the Company. CRSI's international headquarters are located in New
York City, New York, USA and its European Headquarters and
Operations Center are located in the UK. World Nursing Corps
("WNC"), a wholly-owned subsidiary of CRSI, is a global, nurse
immigrant total resource and support organization providing a
compassionate support system for WNC Member Nurses placed in a new
country. Free membership in WNC is limited to Staff that passes
through CRSI's recruiting process and have been approved and placed
in a position in the USA or any other country. Other levels of
membership are available to all nurses and medical personnel
worldwide for a token membership fee. Through the WNC Partner
Program, WNC offers a range of services to nurses including goods,
services and financial products such as mortgages, car loans,
branded credit card, insurance as well as managing domestic
arrangements for immigrant nurses and their families when
relocating to a foreign country. World Nursing Corps is
headquartered in New York City, with European offices planned for
Geneva and London, England For more information about CRSI please
visit our website at: http://www.carerecruitmentsolutions.com/
Note: This press release contains certain "forward-looking"
statements as such term is defined in the Private Securities
Litigation Reform Act of 1995 and information relating to the
Company and its subsidiaries that are based on the beliefs of the
Company's management as well as assumptions made by and information
currently available to the Company's management. Such statements
reflect the current risks, uncertainties and assumptions related to
certain factors including, without limitations, competitive
factors, general economic conditions, customer relations,
relationships with vendors, the interest rate environment,
governmental regulation and supervision, seasonality, distribution
networks, product introductions and acceptance, technological
change, changes in industry practices, and one-time events. Should
any one or more of these risks or uncertainties materialize, or
should any underlying assumptions prove incorrect, actual results
may vary materially from those described herein.
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