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Corporate Resources announces staffing buy

April 01, 2010

Corporate Resources Services Inc. (OTCBB: ACBT.OB) announced it struck a deal to acquire certain operations of GT Systems Inc., including GT's clerical, information technology and administrative staffing operations.

The purchase price is approximately $3 million in cash, and the anticipated closing date is April 5.

"We believe this is a great synergy and a great fit for CRS, and we believe that this acquisition will help us build scale and scope for our operations," CEO Jay Schecter said. "This is the first of what we hope will be a series of acquisitions for CRS."

Schecter said that after the acquisition the GT companies will continue to use the brand names that their clients now know.

Corporate Resource Services is the new name for Accountabilities Inc. The company changed its name in February.