Capitalizing on Growth in $70 Billion Staffing Market, INfe Human Resources Expands Through Acquisitions and Renames Subsidiary to Build Brand Recognition.LAS VEGAS Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. -- INfe Human Resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. Renames Wholly Owned Monarch Human Resources "INfe Human Resources of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of " to Increase Name Recognition in Thriving Industry INfe Human Resources, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : IFHR IFHR International Federation of Human Rights ), an innovative staffing company acquiring and accelerating the growth of staffing businesses in high-margin market niches, is exploiting growth opportunities in the thriving $70 billion US staffing market. INfe Human Resources has acquired revenue-generating staffing companies with complementary services and rolled them up into its wholly owned staffing subsidiary, achieving dramatic increases in revenue for first quarter 2006. To build name recognition and branding within the industry as it continues to pursue acquisitions, the company will discontinue use of the Monarch Human Resources, Inc. subsidiary name and continue staffing operations under the name INfe Human Resources of New York, Inc. INfe Human Resources CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Arthur Viola commented: "In the last two years the staffing industry has grown significantly. Growth has been driven by the need for flexibility in employment by both employers and employees coupled with a strong economy and job market. Trends including skills shortages across a range of industries, companies outsourcing services to focus on their core competencies, and the consolidation of staffing companies to increase scale and efficiencies are helping to spur double-digit industry growth." The American Staffing Association The American Staffing Association was founded in 1966 to be the "voice" of the staffing industry in the United States. Its members operate more than 15,000 staffing offices nationwide and account for more than 85% of staffing industry sales. (ASA Asa (ā`sə), in the Bible, king of Judah, son and successor of Abijah. He was a good king, zealous in his extirpation of idols. When Baasha of Israel took Ramah (a few miles N of Jerusalem), Asa bought the help of Benhadad of Damascus and ) reported that, based on data from its 2005 quarterly surveys, US annual sales for temporary and contract staffing totaled $69.5 billion in 2005, exceeding the industry's previous sales record in 2004 by 8.5%. Staffing firms employed an average of 3.11 million temporary and contract workers per day in the fourth quarter of 2005--up 9.8% over the same period the previous year. Following two years of double-digit employment growth in the staffing industry, the ASA views the staffing market as having moved into a period of solid, stabilizing, and sustained demand, even as staffing industry employment growth continues to far outpace out·pace tr.v. out·paced, out·pac·ing, out·pac·es To surpass or outdo (another), as in speed, growth, or performance. outpace Verb [-pacing, overall employment growth. The US Bureau of Labor Statistics Bureau of Labor Statistics (BLS) A research agency of the U.S. Department of Labor; it compiles statistics on hours of work, average hourly earnings, employment and unemployment, consumer prices and many other variables. predicts that more jobs will be created in personnel supply services (which includes staffing) than in any other industry this decade, and that it will be the fifth fastest-growing industry through 2012. "As we recently announced, our first quarter financial performance was strong, and we had significant increases in revenue, liquidity and cash flow that enabled INfe Human Resources to move from the development to operating stage," remarked Mr. Viola. "We have acquired and improved the performance of staffing companies with existing revenue and excellent potential. Backed by solid financial gains and key acquisitions, we feel we are uniquely able to take advantage of the sustained growth occurring in the staffing industry." About INfe Human Resources, Inc. (IFHR) INfe Human Resources, Inc., operating through wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. INfe Human Resources of New York, Inc., is an innovative staffing company engaged in roll-up acquisitions of staffing businesses in high-margin market niches. To date the company has closed three acquisitions, resulting in significant revenue increases, expanded service offerings, reductions in back office costs and increased market share in the $70 billion staffing industry. In addition to taking advantage of major growth and opportunity for consolidation in the staffing market, INfe Human Resources offers capital and corporate financial consulting services to OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. companies through its wholly owned Daniels Corporate Advisory Corporation subsidiary. INfe Human Resources' management team leverages a record of individual success in driving the growth of emerging companies to help potential consulting clients identify advantageous market niches and execute profitable roll-up acquisitions. For further information on this release contact Equity Alliance International, Mike Procopio, mike@equityallianceir.com (858) 523-0117 and/or YES INTERNATIONAL, Rich Kaiser, rich@yesinternational.com 800-631-8127. www.equityallianceint.com www.yesinternational.com Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statements contained herein, and other data, may constitute forward-looking statements. When used in this document, the words "estimate," "project," "intends," "expects," "believes" and similar expressions are intended to identify forward-looking statements regarding events and financial trends, which may affect the Company's future operating results and financial position. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the Company's actual results and financial position to differ materially from those included within the forward-looking statements. The Private Securities Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward-looking statement. |
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