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Corporate Resource Services receives listing notice

June 02, 2014

New York-based staffing firm Corporate Resource Services Inc. (NASD: CRRS) received a non-compliance letter from The Nasdaq Stock Market LLC.

Corporate Resource Services was not in compliance with Nasdaw Listing Rule 5250(c)(1) because it has not timely filed its quarterly report on Form 10-Q for the quarterly period ended April 4, which was required to be filed with the Securities and Exchange Commission on May 20.

The company has until June 23 to submit a plan to regain compliance; NASDAQ can then grant the company up to 180 calendar days from the initial due date of the Form 10-K, or until October 20, to regain compliance.

Corporate Resource Services announced in April it would not meet its extended deadline for filing its annual report on Form 10-K with the Securities and Exchange Commission.

Shares in Corporate Resource Services were up approximately 0.44 percent in morning trading to $2.44 and the company has a market cap of $382.93 million, according to Yahoo!