Resolve to amend public filings
September 12 2007
Cincinnati OH staffing company Resolve Staffing plans to revise its annual report for 2006 and other filings in response to comments from the U.S. Securities and Exchange Commission. Resolve said in a filing with the commission that the merger between Employee Leasing Services Inc. and Resolve Staffing should not be treated as a reverse merger with ELS as the acquirer. Instead, it should be treated for accounting purposes as an acquisition of ELS by Resolve.
The merger took place in October. Resolve's CEO Ronald Heineman was a principal shareholder of ELS, a professional employer organization.