NTSF
NetStaff, Inc.
About NetStaff
San Francisco based NetStaff, Inc. offers B to B e-commerce by consolidating information flow and harnessing business opportunities of the heavily fragmented staffing industry in the US with its first to market "Multiple Listing Service".
We are excited about this company’s prospects and fully expect to see more interest generated in the company through its newly established European network starting early June. It is noteworthy that through our research of comparable analysis in the staffing industry, the only comparable companies we found are those of the likes on Nasdaq such as Headhunter (Nasdaq: HHNT) and HotJobs (Nasdaq: HOTJ).
In the crowded field of internet job boards (online resume posting sites) and recruitment services, NetStaff aims to be nothing short of the staffing industry’s only viable business to business e-commerce solution, and presently stands alone as the only business to business service dedicated to the independent staffing companies.
NetStaff MLS provides a timely, central database of pre-screened, qualified applicants.
As the internet job boards get cluttered with resumes, it is increasingly difficult and inefficient for human resource professionals to sift through millions of resumes in search of qualified applicants.
"You do get a tremendous volume from the online boards,…it’s easy to find people; it’s hard to find good people" said Patricia Clark, director at Talk City Inc. a web company that operates a network of online communities.
Applicants who send resumes to online job boards on the other hand, often feel they are going into a big black hole, and quite often do not get any responses or very late responses, after the applicants have found opportunities by other means.
NetStaff MLS offers timely exposure and reach with its national database showcasing staffing companies and pre-screened employment candidates, accessible to millions of employers across the country at the touch of a button in real-time.
NetStaff MLS also offers profitability and efficiency to the existing staffing industry by being their online network to reach one another and other employer corporations, and maximizing the exposure of their candidates.
NetStaff’s marketing and sales launch targeting 14 key markets in a nationwide rollout shall reach out successfully to the majority of the staffing industry.
Industry Profile
US$100 billion staffing industry has experienced double digit growth during the past six years.
80% of recruitment and hiring industry’s gross revenues are derived from independent staffing companies.
There are over 20,000 independent staffing companies in the US.
Launch of New Portal
A database of an average number of 100 – 250 qualified candidates is typically given by each staffing company to be included in the NetStaff MLS. With the growing numbers of staffing companies and human resource departments of corporations participating in NetStaff MLS, there is a need to provide a new system to boost its functionality and system usage. The new system will include a new portal which offers commerce, content and communciation to staffing companies and human resource professionals. One of NetStaff’s recent strategic alliance, that with Staffing Industry Analysts, has boosted the extent and depth of content by providing NetStaff with premier editorial coverage. The new portal is expected to be launched sometime in June.
Bruce Temkin, director of business e-commerce research for Forrester Research comments on B to B e-commerce, "Wherever there is a fragmented marketplace, where there are a large number of small suppliers serving many buyers, there are opportunities". Vertical B to B refers to a company that specializes in a particular industry segment, essentially creating an environment within that industry where manufacturers or service providers can communicate and trade with each other and their customers online. Horizontal B to B companies provide a service to businesses across the broad spectrum of industries where businesses from different fields require the same type of services. The NetStaff model is unusual as it transcends both the vertical and horizontal B to B e-commerce profiles and sets itself apart from the B to C job searching sites such as Headhunter (Nasdaq: HHNT), E-Cruiter (Nasdaq: ECRU), Monsterboard (Nasdaq: TMPW), HotJobs (Nasdaq: HOTJ), etc.
New German Listings
NetStaff has recently announced that it has been approved for trading in the Frankfurt Stock Exchange and the Berlin Stock Exchange in Germany. It is anticipated that the vigorous investing appetite of the Europeans to identify first to market solutions remain strong. NetStaff has engaged a professional European public relations/investor relations group to bring awareness for the first time to the German public media via research articles, newspaper and magazine coverage and to help NetStaff establish strategic cross-border partners, institutional investors and professionals from the staffing and internet communications sectors.
It is expected that the results of the European efforts and exposure of NetStaff will come into fruition starting June, and that NetStaff has more plans and developments in its corporate strategies, since its successful acceptance of the MLS launch this year.
It is also reassuring to see that NetStaff is proactive and has sought to open new markets for itself both in terms of its corporate growth and expansion and in terms of its public market status to gain new investors and shareholders, particularly gaining a presence in a responsive European public market who is gravitating towards higher speculation than ever before, embracing the "high risk, high reward" concept discovered by Americans years earlier.
NetStaff is a fully reporting company on OTC:BB as NTSF. It has 13.5 million common shares outstanding with 2,840,750 common shares in the float. There are no preferred shares. You can find out more about the company by visiting its website at www.netstaff.com or calling its investor relations manager at NetStaff, Inc. (tel: 1-415-908-1015).
WillyWizard.com claims no responsibility to accuracy of the above research report. This report should fall under all SEC rules as forward looking and no guarantee for the future performance of the above mentioned company. |
