Core Solutions Forecasts 2003 Earnings.Business Editors/High-Tech Writers LOS LOS Length of stay, see there ANGELES--(BUSINESS WIRE)--Jan. 6, 2003 Core Solutions, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :CSUO) announced today anticipated earnings levels for 2003. In the first quarter of 2003 the company expects to generate 5 times the revenue of any quarter in 2002 and to be able to maintain that level for the entire year. Based on the new business programs that management has initiated during the last 6 months, and the preliminary results from their target markets, the company expects to be extremely successful in generating new income in 2003. Multiple sources of revenue coupled with a high demand for services has positioned the company well in the market while creating numerous operational benefits that will allow the company to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. several new business opportunities. President Christine Favara stated, "The current business model has created significant competitive advantages for the company and is particularly unique among its peers. We have been notably surprised at the results that we have received from our market tests. The current economy, coupled with several critical operational issues that are currently facing small business managers, has created an environment where managers are looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. solutions - solutions that we are able to provide them for a fee. We will have an exceedingly ex·ceed·ing·ly adv. To an advanced or unusual degree; extremely. exceedingly Adverb very; extremely Adv. 1. positive 2003 and expect to remain on target towards our goal of $250 million of annual revenue within 3 years." 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 to clients nationwide. By aggregating the workforces of multiple clients, the Company delivers a full spectrum of human resource solutions to small and mid-sized businesses that are timely, valuable and extremely cost effective for 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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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