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COMSYS IT Partners, Inc. to Add a Third Independent Audit Committee Member.


HOUSTON -- COMSYS IT Partners, Inc. (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
: CITP (Certified Information Technology Professional) A specialty credential awarded by the AICPA to its CPA members who excel in the provision of technology-related business services. ) previously reported that Christopher R. Pechock had resigned from the Company's Board of Directors and its Audit Committee. There were no disagreements between Mr. Pechock, the Company, or its board of directors. As a result of that resignation, the Company's Audit Committee currently consists of two independent directors rather than the three independent directors required under Nasdaq Marketplace Rule 4350. The Company notified The Nasdaq Stock Market Nasdaq stock market

The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies.
, Inc. of this matter and, by letter dated May 15, 2006, Nasdaq confirmed that the Company was not in compliance with Marketplace Rule 4350 and that the Company has until the earlier of its next annual stockholders' meeting or August 8, 2006, to add a third independent director to the Audit Committee. Also as previously reported, the Company intends to comply with this requirement by no later than its 2006 Annual Meeting of Stockholders, which is currently scheduled for July 27, 2006.

About COMSYS IT Partners

COMSYS IT Partners, Inc. (NASDAQ: CITP) is a leading information technology services company with 42 offices across the U.S. and offices in Canada and the U.K. Leveraging more than 30 years of experience, COMSYS has enhanced its core competency A core competency is something that a firm can do well and that meets the following three conditions specified by Hamel and Prahalad (1990):
  1. It provides customer benefits
  2. It is hard for competitors to imitate
  3. It can be leveraged widely to many products and markets.
 of IT staffing services by creating client-centric, cost-effective information system solutions. COMSYS' service offerings include contingent staff augmentation of IT professionals, permanent recruiting and placement, vendor management and project solutions, including network design and management, offshore development, customized software development and maintenance, software globalization/localization translation services and implementation and upgrade services for SAS (1) (SAS Institute Inc., Cary, NC, www.sas.com) A software company that specializes in data warehousing and decision support software based on the SAS System. Founded in 1976, SAS is one of the world's largest privately held software companies. See SAS System. , business intelligence and various ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer.  packages. COMSYS primarily serves clients in the financial services/insurance, telecommunications, energy, pharmaceutical and healthcare industries and government agencies.
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Publication:Business Wire
Date:May 17, 2006
Words:279
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