TeamStaff Reports Strong Quarterly Increase

PEO TeamStaff Nasdaq: TSTF), reported Friday revenues from continuing operations for the three months ended June 30, 2005, of $13.5 million. The figure was comprised of $12.4 million from staffing services and $1.1 million from payroll services. The $13.5 million compared to $9.6 million in the comparable quarter last year, which was comprised of $8.5 million from staffing services and $1.1 million from payroll services. Revenues for the third quarter of fiscal 2005 include $3.6 million resulting from the acquisition of Nursing Innovations, which occurred Nov. 14, 2004, and $3 million...