SOURCE: Resolve Staffing, Inc.

March 25, 2008 15:45 ET

Resolve Staffing, Inc. Files Form 15

CINCINNATI, OH--(Marketwire - March 25, 2008) - Resolve Staffing, Inc. ("Resolve") (PINKSHEETS: RSFF), formerly a national provider of Human Resource Outsourcing (HRO) Services with offices reaching from New York to California, previously announced on January 30, 2008 that effective February 8, 2008, a Disposition Agreement entered into with Fifth Third Bank ("Bank"), Resolve's senior secured lender would be completed. The terms and conditions of the Disposition Agreement, as well as the impact of the agreement on Resolve was disclosed in a Form 8-K filed by Resolve with the Securities and Exchange Commission ("Commission") on January 30, 2008.

As a result of the final consummation of the Disposition Agreement, Resolve's remaining business activities include the winding up of corporate matters, finalization of its books and records and follow-up activities associated with Resolve's obligations under the Disposition Agreement with the Bank. Effective as of March 12, 2008, Resolve filed a Form 15 with the Commission effectively permanently suspending requirements to file periodic reports with the Commission under § 13 or 15(d) of the Securities Exchange Act of 1934.

Resolve does not anticipate filing any additional reports with the Commission subsequent to the filing of the Form 15, including an annual report on Form 10-K for the year ended December 31, 2007. Management further anticipates that its common stock, previously quoted on the Electronic Bulletin Board, will no longer be eligible for price quotations thereon, but may continue to have price quotations available on the Pink Sheets.

Management of Resolve can provide no assurance that its common stock will continue to have any publicly-available price quotations at anytime, nor can any assurances be given that its common stock will continue to be quoted in any medium in the over-the-counter markets, including the Pink Sheets.

Statements contained in this news release, other than those identifying historical facts, constitute 'forward-looking statements' within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Resolve's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Resolve results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Resolve disclaims any obligation to update or revise any forward-looking statements.

Contact Information

  • Contact:

    Ron Heineman
    Resolve Staffing, Inc.
    3235 Omni Drive
    Cincinnati, OH 45245