Core Solutions Announces 1-for-25,000 Reverse Stock Split and New Trading Symbol CSUO.Business Editors/High-Tech Writers LOS ANGELES--(BUSINESS WIRE)--Oct. 24, 2002 Core Solutions, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :CSUO) announced today a 1-for-25,000 reverse stock split on its common shares. Effective today, Core Solutions will trade under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors CSUO on the 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. . About Core Solutions, Inc. Core Solutions, Inc. is a technology-based, human resource consulting Services Provided Human Resource Consulting firms provides advice to their clients regarding the financial and retirement security, health, productivity, and employment relationships of their global workforce. firm. Headquartered in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , Core Solutions offers a comprehensive selection of integrated solutions for the management and administration of human resource needs on a nationwide basis. By aggregating the workforces of multiple clients, the Company delivers end-to-end human resource solutions to small- and mid-sized businesses that are cost-effective and beneficial to its clients and their employees. For more information, visit http://www.corehr.com. The statements contained in this press release that are not historical facts are forward-looking statements that involve a number of risks and uncertainties. Therefore, the actual results of future events described in such forward-looking statements could differ materially from those stated in such forward-looking statements. Among the factors that could cause actual results to differ materially are: (i) regulatory and tax developments; (ii) the effectiveness of the Company's sales and marketing efforts; (iii) changes in the competitive environment of the industry; (iv) changes in general economic conditions; (v) changes in the Company's direct costs and operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. ; (vi) the estimated costs and effectiveness of capital projects and investments in technology and infrastructure. (vii) Management's ability to effectively implement its business strategy. These factors are described in further detail in Core Solutions, Inc. filings with the Securities and Exchange Commission. |
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