AAMPRO Closes Purchase of AMSTAFF

AAMPRO GROUP, Inc. (OTC Bulletin Board: TDSY) announced yesterday that it acquired AMSTAFF, Inc., a computerized payroll and administrative services company. The transaction was structured as an asset purchase with the consideration being paid in stock options on an earn-out basis. The acquisition closed January 2, 2003. Concurrent with the acquisition, AAMPRO formed a new subsidiary entitled AAMPROPAY, LLC. to market the payroll services. AAMPRO CEO, Stephen Farkas commented, "The payroll services sector is an important component of our growth strategy and this will help leverage our existing...