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Teamstaff releases preliminary results

April 18 2008

TeamStaff Inc. (NASD: TSTF) said it today expects to report first-quarter revenue of $17.3 million in its fiscal second quarter ended March 31, 2008 and income from continuing operations of $100,000. That's up 1.8% from $17.0 million in the second quarter of the previous year and a loss from continuing operations of $1.0 million. Second-quarter earnings will be posted on or before May 15.

TeamStaff also said a U.S. Department of Justice official informed the company that it will not be charged in connection with an investigation of practices at a number of government-owned/contractor-operated facilities

In addition, the company announced Thursday a one-for-four reverse stock split effective April 21.

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