The Resourcing Solutions Group, Inc. Reports Nearly $1 Million Increase in Net Income Over 2005
17 5월 2007 - 10:30PM
PR Newswire (US)
CHARLOTTE, N.C., May 17 /PRNewswire-FirstCall/ -- The Resourcing
Solutions Group, Inc. (OTC Pink Sheets: RSGX) is pleased to
announce that the Company reported a nearly $1 million gain in Net
Profit in 2006 over the previous year. The Company's 2006 audited
financials are now posted on its Web site (http://www.trsginc.com/)
The Company reported $4,737,274 in Sales in 2006, up from
$2,240,843 in 2005, representing more than a 110 percent increase.
Gross profit on sales, before operating expenses, was $1,352,472,
up from $551,501 in 2005. Operating expenses decreased by almost
$300,000 during 2006. The Resourcing Solutions Group focused on
restructuring in 2005 with the goal of increasing assets and
turning a profit. In 2006 the Company focused on acquisitions and
expanding their services into an all-inclusive human resource,
payroll and insurance provider. "Last year was one of stabilization
for us. Through acquisitions and mergers we increased the Company's
assets by more than $1.7 million and our net income went from a
negative to a positive. Looking ahead we see additional
acquisitions furthering our growth and we have a much stronger team
and business model to work with," sated Gary Musselman, President
and CEO of The Resourcing Solutions Group, Inc. About The
Resourcing Solutions Group, Inc.: The Resourcing Solutions Group,
Inc. (OTCPK: RSGX) is a workforce management company that has
evolved into providing complete human resource, payroll and
insurance products for corporate clients and non-profit
organizations. TRSG provides integrated systems combining many
necessary but non-revenue producing internal processes into a
single system allowing management to reduce costs and concentrate
on its core business. Statements contained in this news release,
other than those identifying historical facts, constitute
'forward-looking statements' within the meaning of Section 21E of
the Securities Exchange Act of 1934 and the Safe Harbor provisions
as contained in the Private Securities Litigation Reform Act of
1995. Such forward-looking statements relating to the Company's
future expectations, including but not limited to revenues and
earnings, technology efficacy, strategies and plans, are subject to
safe harbors protection. Actual company results and performance may
be materially different from any future results, performance,
strategies, plans, or achievements that may be expressed or implied
by any such forward-looking statements. The Company disclaims any
obligation to update or revise any forward-looking statements.
DATASOURCE: The Resourcing Solutions Group, Inc. CONTACT: Investor
Relations, 1-866-THE-APPL-E- +1-866-843-2775 Web site:
http://www.trsginc.com/
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