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TeamStaff Reports Fourth Quarter and Fiscal 2007 Results; Posts Fourth Quarter Income From Operations
Date:1/15/2008

abilities from discontinued operations 263 -

Total current liabilities 9,170 8,291

CAPITAL LEASE OBLIGATIONS, net of current portion 183 207

ACCRUED PENSION LIABILITY, net of current portion 66 388

OTHER LONG TERM LIABILITY, net of current portion 155 184

LIABILITIES FROM DISCONTINUED OPERATIONS - 502

Total liabilities 9,574 9,572

COMMITMENTS AND CONTINGENCIES

SHAREHOLDERS' EQUITY:

Preferred stock, $.10 par value; authorized

5,000 shares; none issued and outstanding - -

Common Stock, $.001 par value; authorized

40,000 shares; issued 19,290 and 19,285 at

September 30, 2007 and September 30, 2006,

respectively; outstanding 19,283 and 19,278

at September 30, 2007 and September 30, 2006,

respectively 19 19

Additional paid-in capital 68,712 68,684

Accumulated deficit (52,080) (47,387)

Accumulated comprehensive loss (33) (88)

Treasury stock, 7 shares at cost at

September 30, 2007 and September 30, 2006 (24) (24)

Total shareholders' equity 16,594 21,204

TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $26,168 $30,776

TeamStaff, Inc. and Subsidiaries

Consolidated Statements of Operations

Supplemental Schedule

(Amounts in Thousands, except per share data)

For the six months ended

September 30, March 31, Fiscal'/>"/>

SOURCE TeamStaff, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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