SOMERSET, N.J., April 7 /PRNewswire-FirstCall/ -- TeamStaff, Inc. (Nasdaq: TSTF) a national provider of healthcare, logistics and administrative staffing services, today announced that its government staffing subsidiary, TeamStaff Government Solutions, Inc. ("TeamStaff GS"), has been awarded an Information Technology ("IT") Schedule Contract for professional services by the United States General Services Administration (GSA). The contract is for a base period of five years and is renewable for three additional five-year periods. To obtain the contract award, TeamStaff GS was required to meet strict criteria set forth by the GSA. The GSA IT Schedule Contract, also known as the Schedule 70, enables federal government agencies to order IT services from approved Schedule holders conveniently and efficiently at pre-negotiated rates. As a Schedule 70 holder, TeamStaff GS is also now eligible, along with a select number of companies, to participate in bid opportunities and requests for quotes for the Federal government's IT staffing needs. Government agencies can find more information at www.teamstaffgs.com.
Commenting on the Schedule award, TeamStaff's President and CEO, Rick Filippelli, stated, "We're extremely pleased to be awarded another GSA contract which gives TeamStaff GS additional opportunities to participate in government procurement programs with our IT service solutions. This award is part of an ongoing strategy to expand our Federal sales channel and make our services and solutions available to an ever-increasing number of customers within the Federal government."
About TeamStaff, Inc.
Headquartered in Somerset, New Jersey, TeamStaff serves clients and their employees throughout the United States as a full-service provider of medical, logistics and administrative staffing through its two subsidiaries, TeamStaff Government Solutions and TeamStaff Rx. TeamStaff Government Solutions specializes in providing medical, logistics and office administration/technical professionals through nationwide Federal Supply Schedule contracts with both the United States General Services Administration and the United States Department of Veterans Affairs. TeamStaff Rx is a leading provider of travel nursing and travel allied healthcare professionals. TeamStaff Rx operates throughout the U.S. and specializes in the supply of travel allied medical employees and travel nurses typically placed on 13 week assignments. For more information, visit the TeamStaff web site at www.teamstaff.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:
This press release contains "forward-looking statements" as defined by the Federal Securities Laws. Statements in this press release regarding TeamStaff, Inc.'s business, which are not historical facts are "forward-looking statements" that involve risks and uncertainties. TeamStaff's actual results could differ materially from those described in such forward-looking statements as a result of certain risk factors and uncertainties, including but not limited to: our ability to recruit and retain qualified temporary and permanent healthcare professionals and administrative staff upon acceptable terms; our ability to enter into contracts with hospitals, healthcare facility clients, affiliated healthcare networks, physician practice groups, government agencies and other customers on terms acceptable to us and to secure orders related to those contracts; changes in the timing of customer orders for placement of temporary and permanent healthcare professionals and administrative staff; the overall level of demand for our services; our ability to successfully implement our strategic growth, acquisition and integration strategies; the effect of existing or future government legislation and regulation; the loss of key officers and management personnel that could adversely affect our ability to remain competitive; other regulatory and tax developments; and the effect of other important factors disclosed previously and from time-to-time in TeamStaff's filings with the U.S. Securities Exchange Commission. For a discussion of such risks and uncertainties which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year. The information in this release should be considered accurate only as of the date of the release. TeamStaff expressly disclaims any current intention to update any forecasts, estimates or other forward-looking statements contained in this press release.
CONTACTS: Rick Filippelli, President Donald C. Weinberger / and CEO Diana Bittner (media) TeamStaff, Inc. Wolfe Axelrod Weinberger Associates, LLC 1 Executive Drive 212-370-4500 Somerset, NJ 08873 email@example.com 866-352-5304 firstname.lastname@example.org
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