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Stock Market & Financial Investment News

News Breaks
March 3, 2014
08:32 EDTCRRSCorporate Resource Services acquires Nationwide Screening Services
Corporate Resource Services announced that it has acquired Nationwide Screening Services located in Melville, New York. “The Nationwide Screening Services acquisition immediately creates shareholder value for Corporate Resource Services,” said Mark S. Levine, COO for CRS. “Nationwide Screening Services will bring Gross Margins of over 65% to CRS, which is complementary to our overall strategic plan of increasing the corporation’s profitability. The growth opportunities in the screening space are tremendous and we plan on leveraging these service offerings throughout the CRS network of locations.”
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September 4, 2014
12:25 EDTCRRSCorporate Resource experiencing higher demand for risk management solutions
Corporate Resource Services, or CRS, commented on increased demand for the company’s professional staffing services targeted to the financial sector. “Banks and financial services institutions have been hit with a ‘perfect storm’ in terms of compliance and risk management,” said John Messina, CEO for CRS. “The Patriot Act continues to place necessary pressure on compliance with the Bank Secrecy Act. At the same time, all companies that currently use GAAP to report financial results are preparing for a transition to the International Financial Reporting Standards. These trends, joined with unprecedented threats to IT security and customer data, are generating tremendous demand for consultants with the experience and knowledge needed to mitigate risk and ensure compliance." Tom Seavey, managing director for CRS, commented, "In the past year alone, our division experienced growth in excess of 400%, and expects to meet similar demand for the foreseeable future.” Shares of CRS are up 21% in afternoon trading following the comments.

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