Certified Services Inc., Announces Completion of the Cura Acquisition Ft. Lauderdale, Florida.Business Editors NEW YORK--(BUSINESS WIRE)--April 10, 2003 Certified Services Inc., a Nevada corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CSRV CSRV Civil Service Rifle Volunteers (British) CSRV Coates Spherical Rotary Valves ) a leading provider of professional employer organization A professional employer organization (PEO) provides outsourcing of payroll, workers' compensation, human resources and employee benefits administration. It does this by hiring a client company’s employees, thus becoming their employer of record. (PEO) services today announced the acquisition of The Cura CURA Community-University Research Alliance CURA Centre Universitaire de Recherche en Astrologie CURA Cambridge University Rifle Association Group, Inc. its subsidiary The Cura Group III, Inc. and The Cura Group II , Inc. each a Florida corporation (collectively, "CURA") was formalized for·mal·ize tr.v. for·mal·ized, for·mal·iz·ing, for·mal·iz·es 1. To give a definite form or shape to. 2. a. To make formal. b. . Certified Services obtained effective control of CURA on July 1, 2002, and integrated its operations during the six months ended December 31, 2002, pending approval of state licensing authorities and certain third-party consents. On April 3, 2003, having received all necessary approvals and consents, the acquisition of CURA was completed. "Certified Services, Inc. has made a strategic commitment to profitably gain market share in the professional employer organization (PEO) industry. The completion of this acquisition is a key component to our overall strategy of becoming a profitable "Top Ten" player in the (PEO) industry, " said Dan L. Pixler, President and Chief Executive Officer. Certified Services Inc. is a 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 based holding company which reported year end 2002 profit of $2.99 million with earnings per share of ($0.51). The company is engaged in the professional employer organization industry and currently serves more than 800 clients with more than 32,000 worksite employees in 28 states. This press release contains statements related to future events and expectations and, as such, constitutes forward-looking statements. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements of the Company to be different from those expressed or implied above. The Company expressly disclaims any duty to update or revise forward-looking statements. The risks and uncertainties which forward-looking statements are subject to include, but are not limited to, the effect of governmental regulations, the economy, competition, the companies ability to implement price increases, the companies ability to integrate its enhanced payroll processing software and other risks detailed from time to time in the "Management's Discussion and Analysis Management's discussion and analysis (MD&A) A report from management to shareholders that accompanies the firm's financial statements in the annual report. It explains the period's financial results and enables management to discuss topics that may not be apparent in the financial " section of the Company's Form 10-K-SB and other reports and filings with the Securities and Exchange Commission. |
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