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TeamStaff resolves one Nasdaq notice

January 21, 2010
Staffing Industry Analysts North American Daily News

TeamStaff Inc. (NASD: TSTF) said the filing of its 10-K annual report on Wednesday resolved a delisting notice sent by Nasdaq on Jan. 14.

Filing of the annual report for its fiscal year ended Sept. 30, 2009, was delayed because of the timing of the company's sale of its TeamStaff Rx travel nurse and allied healthcare division.

TeamStaff had received a previous Nasdaq delisting warning in December because the company had not maintained a minimum bid price of $1 a share over a 30-day period. The notice remains in effect, although TeamStaff's shares have recently begun trading at over $1.

TeamStaff, a Somerset NJ-based staffing firm, focuses on government staffing.