SOURCE: Accountabilities

June 12, 2008 15:55 ET

AccountAbilities, Inc. Common Stock Cleared for Listing on the OTC Bulletin Board

MANALAPAN, NJ--(Marketwire - June 12, 2008) - AccountAbilities, Inc. (OTCBB: ACBT), a provider of financial consulting and staffing services, as well as management consulting services to CPA and other professional firms, announced today that the Financial Industry Regulatory Authority has cleared the request of Spencer Edwards, Inc. to list the Company's common stock on the Over-the-Counter Bulletin Board (OTC BB) market.

"Achieving our goal of becoming an OTC Bulletin Board listed company represents a major milestone in our continuous effort toward creating value for our shareholders," said Stephen DelVecchia, Chief Financial Officer. "Having our shares listed on the OTC BB provides to our shareholders the opportunity for increased liquidity and more accurate valuation not previously feasible while our shares were listed on the Pink Sheets. This was a long journey requiring tremendous effort and we are thankful to our shareholders for their support and patience."

Chief Executive Officer of AccountAbilities, Inc., Jeffrey J. Raymond, stated: "This is a tremendous step forward in our growth plan, and is one of a number of significant steps taken recently to increase our focus, and continue our growth as a leading provider of niche finance and accounting consulting and staffing services. Along with our recent restructuring of senior management and directors, opening of key consulting and staffing offices in key markets, and signing of leading CPA firms to our Partner on Premise Network, becoming an OTC BB listed company is yet another indicator of our commitment to execution and creation of value for our shareholders."

About AccountAbilities, Inc.

AccountAbilities is engaged in the provision of accounting and finance consulting, staffing and recruiting services both through its CPA Network Resources brand and through co-branded offerings with some of the largest regional public accounting firms in the United States. In addition, AccountAbilities provides productivity based commercial, scientific and IT staffing solutions across a variety of industries. To learn more, visit www.aabilities.com.

The statements which are not historical facts contained in this press release are forward-looking statements that involve certain known and unknown risks and uncertainties, including but not limited to, changes in the market for professional staffing services, regulatory and technological changes, changes in levels of unemployment and other economic factors, increased competition, the ability to attract and retain customers, the availability of qualified candidates for placement by the Company and the possibility of the Company incurring liability for activities of the employees and contractors that it places with its customers. The Company's actual results may differ materially from the results discussed in or implied by any forward-looking statement. The words "intend," "expect," "should," "project," "anticipate" and similar expressions identifying forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they were made.

Contact Information

  • Contact:
    AccountAbilities, Inc.
    Stephen DelVecchia
    Chief Financial Officer
    732-333-3622
    www.aabilities.com