SOURCE: IO News Wire

IO News Wire

December 17, 2009 07:30 ET

(OTC: APRO) Payroll Funds to Increase by $200 Million

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO News Wire.

NEW YORK, NY--(Marketwire - December 17, 2009) - Allegiant Professional Business Services Inc. (PINKSHEETS: APRO) has signed a strategic partnership with Amerisource Payroll Solutions LLC. The partnership is estimated to bring over $200 million in added payroll funds.

As more American businesses look to cut costs, outsourcing more of the non-core functions is a benefit realized right away in saved manpower, time, and money. By outsourcing, a business can control capital costs by allowing the outsourcing company to absorb technology fees, training, and maintenance of paperwork.

It is estimated that over 145 million people in the United States receive direct deposit from a payroll service company. This leaves plenty of room for Allegiant to gain a foothold in the market and cross-selling it's other popular services to its payroll clients.

To view more about Allegiant, please www.smallcapsociety.com/apro.php.

Other active stocks are Paychex Inc (NASDAQ: PAYX), Heartland Payment Systems (NYSE: HPY) and Sew Cal Logo (PINKSHEETS: SEWC).

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