TeamStaff Receives A Letter of Reprimand From Nasdaq; No Further Action Co...( SOMERSET N.J. Sept. 28 /- TeamSta...),Health

SOMERSET, N.J., Sept. 28 /PRNewswire-FirstCall/ -- TeamStaff, Inc. (Nasdaq: TSTF) a national provider of healthcare and administrative staffing services, today announced that it had received a letter of reprimand from Nasdaq concerning the membership of the Company's Nominating and Corporate Governance Committee.

The Nasdaq Marketplace Rule 4350(c)(4)(A) requires that all nominees for director be either recommended or selected by a majority of independent directors or by a Committee comprised solely of independent directors. The nominees for director were recommended by the Company's Nominating and Corporate Governance Committee. However, since one of the members of the Committee was previously employed by the Company within three years, the Committee was not composed entirely of "independent" directors as defined in Nasdaq Marketplace Rule 4200(a)(15).

Upon receiving notice of the violation, the Company took immediate corrective action. The Company noted the violation was inadvertent and the Company's Board of Directors consists of a majority of independent directors.

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 and administrative staffing. TeamStaff is a leading provider of nursing and allied healthcare professionals and operates through three medical staffing units. TeamStaff's RS Staffing subsidiary specializes in providing medical and office administration/technical professionals through nationwide schedule contracts with both the General Services Administration and Veterans Affairs. The TeamStaff Rx subsidiary operates throughout the US and specializes in the sup
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