Doubled volume, nice move in price. We may finally be on to something.
TeamStaff, Inc. to Offer Long Distance Services to Clients
SOMERSET, N.J.--(BUSINESS WIRE)--April 9, 1999--TeamStaff, Inc. (NASDAQ: TSTF - news; formerly,
Digital Solutions, Inc.) announced today an affinity marketing agreement with one of the leading long
distance carriers to offer industry competitive long distance service to its clients and client employees.
Under the terms of the agreement TeamStaff, which provides human resources and administrative services to small and mid-size companies, will
offer its vast client base long distance services through the designated carrier at rates of less than $0.09 per minute. The low rates will be the
same for both commercial and residential use.
Donald Kappauf, President and Chief Executive Officer of TeamStaff, said, ''This agreement is a first step in our Affinity program which is
designed to offer our clients a wide array of services at discounted prices. The Affinity program will provide an additional revenue stream from
commissions paid to TeamStaff. In addition, we anticipate internal cost savings of approximately $100,000 a year in long distance services.''
Kappauf also said the Company does not know why there has been pressure on the stock recently. He noted the Company is 100 percent on
plan and the integration on the recent merger in Tampa is progressing smoothly. Kappauf further noted that he personally along with Don
Kelly, Vice President and Chief Financial Officer and one director have recently purchased the Company's stock in the open market.
TeamStaff, Inc. provides comprehensive human resources management to small and mid-sized companies in a variety of industries. TeamStaff's
services include professional employer services which provide the administration of the human resources function, workers' compensation,
employee benefits, a 401K plan, payroll and payroll tax service preparation. TeamStaff also provides temporary and permanent staffing and
payroll services.
This press release contains forward-looking statements. All such statements involve risks and uncertainties, including, without limitation, the
risks detailed in TeamStaff's filings and reports with the securities and Exchange Commission. Such statements are only predictions and actual
events or results may differ materially.
This release and prior releases are available on the KCSA Public Relations Worldwide website at www.kcsa.com. |
