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Stock Market & Financial Investment News

News Breaks
March 25, 2014
08:53 EDTCRRSCorporate Resource Services delaying earnings announcement
Corporate Resource Services will delay its Q4 and year-end earnings announcement and conference call scheduled for Wednesday, March 26. Additional time is required to finalize its financial statements for 2013, and the company will file an extension notice on Form 12b-25 with the SEC to report the delayed filing of its Annual Report on Form 10-K. The company expects to announce its Q4 and year-end results as soon as practical and will issue a subsequent update announcing the timing for the dissemination of these financial results and the rescheduled conference call upon the finalization of the financial statements and completion of the audit.
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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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