Printer Friendly
The Free Library
19,573,952 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Certified Services, Inc. Announces Significant Expansion of Market Presence.


Business Editors/High-Tech Writers

NEW YORK--(BUSINESS WIRE)--July 1, 2003

Certified Services, Inc. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:CSRV CSRV Civil Service Rifle Volunteers (British)
CSRV Coates Spherical Rotary Valves
) (the "Company") a leading provider of human resource services, today announced it consummated the acquisition of the combined human resource service companies of BACE n., a., & 1. See Base.  International, Inc. BACE's 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.  operations, which were comprised of three separate units, was acquired by the Company in a newly formed, wholly-owned subsidiary American HR Holdings, Inc. ("AmerHR").

"The combined businesses of CURA and AmerHR now serve 1800 commercial clients with more than 58,000 worksite employees in 37 states with a gross payroll/revenue base nearing $1.1 billion" stated Danny L. Pixler, CSRV's President and 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. . Pixler further commented "The consummated transaction is anticipated to be accretive to earnings in the very near future while representing a major step in the Company's goal of having a presence in 100,000 households within its first five years of operations. Simply put, this is an exciting growth opportunity for our company."

CSRV entered the human resource services business through its acquisition of America's PEO Holdings, Inc., in Cherry Hill Cherry Hill, township (1990 pop. 69,319), Camden co., W central N.J.; name was changed from Delaware township to Cherry Hill in 1961. Largely residential, Cherry Hill has been marked by great development and housing growth, especially since the 1970s. , NJ in November 2001. In July 2002, CSRV acquired The Cura Group, Inc. with operations in Ft. Lauderdale, Tampa, and Jacksonville, FL and Atlanta, GA. AmerHR's holdings are comprised of offices in Charlotte, NC, Apopka, and Bradenton, FL, and Dallas, TX.

CSRV, through its wholly owned subsidiaries 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.
, provides a broad range of human resource services for small and mid-size businesses including payroll and benefits administration, employee record keeping and regulatory compliance, health and workers' compensation workers' compensation, payment by employers for some part of the cost of injuries, or in some cases of occupational diseases, received by employees in the course of their work.  insurance programs, and worksite safety management.

The news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The company may experience significant fluctuations in future operating results due to a number of economic, competitive and other factors, including among other things, the size or timing of customer contracts, new or increased competition, changes in market demand and seasonality of purchases of the Company's product and services. These factors and others could cause operating results to vary significantly from those in prior periods, and those projected in forward-looking statements. Additional information with respect to these and other factors that could materially affect the company and its operations are included in certain forms the company files with the U.S. Securities and Exchange Commission.
COPYRIGHT 2003 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Jul 1, 2003
Words:421
Previous Article:Xybernaut and Braintech Deliver Comprehensive Support Solution to Automakers and Industrial Manufacturers.
Next Article:AirTran Airways Announces Order for 100 Boeing 737 Aircraft.



Related Articles
Pediatric Services of America, Inc. announces acquisitions of Florida pediatric company and North Carolina certified home health agency.
Kellstrom Industries Completes Acquisition of Certified Aircraft Parts, Inc.
Kellstrom Industries Completes Acquisition of Certified Aircraft Parts, Inc.
itelligence, Inc. Announces Continued Expansion of SAP Reseller Territories; Acquisition of e.coetry Expands itelligence's Territory to 13 States.
itelligence, Inc. Announces Continued Expansion of SAP Reseller Territories; Acquisition of e.coetry Expands itelligence's Territory to 13 States.
DISNEY RIVAL SELLS STATIONS; COMPETITOR CALLS IT QUITS ON KIDS FORMAT.
Peabodys Announces Reorders of Black Rhino Coffee from SuperValu and Associated Wholesale Grocers; Anticipates Further Reorders.
I.B.I.S. Announces Expanded Market Focus in Raleigh and Jacksonville; Regional Expansion to Serve as Blueprint for Nationwide Growth.
Bettcher Industries Expands International Business Activities.
Netezza Expands Partner Ecosystem with Strong Third-Party Application Support; Leading Business Intelligence and Data Integration Solution Providers...

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles