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Corporate Resource revenue up 20% last year

June 30, 2014

New York-based staffing firm Corporate Resource Services Inc. (NASD: CRRS) today reported revenue rose 20.6 percent in its fiscal year ended Jan. 3 to $819.7 million. The company had 16.4 percent organic growth, with acquisitions accounting for $28.7 million in total revenue.

The company reported net income was $2.8 million, compared to a loss of $1.7 million in 2012.

“We are pleased with the strong 2013 results and to bring our 2013 audit to a close with the filing of our Form 10-K with the SEC,” said CEO John Messina. “While the past few months have been challenging on several fronts, we have continued to focus on executing our business strategy and moving the business forward.”

Corporate Resource Services earlier this month received a non-compliance letter from The Nasdaq Stock Market LLC because it had 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. It now expects to issue quarterly earnings on July 9.

The company expects to file its 10-Q quarterly report for the first quarter of this year within 45 days.