RSFF.OB - $0.24 EPS Guidance Released

[lana2b]

RSFF - $0.24 EPS Guidance Released(2004 was "-0.20" ---double check if right)

http://biz.yahoo.com/pz/060224/94808.html

lana

[la-onda]

nice update:
http://www.wallst.net/superstocks/superstocks_profile.asp?ticker=RSFF&id=2899&play=yes

very interesting facts IMO, low volume at the moment, Michael this could be a good FA play.....


cheers
Oliver

[Michael]

Hi Oliver,

I need to do some more DD but I really like what I have seen till now.

Below is the weekly chart. It looks nice to me and seems to be supported by the fundamentals.

I don't know where you find these stocks  but keep looking 

Mike

[la-onda]

just some background information:
1)

http://www.cohenresearch.com/reports/rsff_10-17-05.pdf
2)
18 slides updated Nov. 2006:
http://www.cohenresearch.com/reports/rsff_update_11-29-06.pdf

Mike, YOU know already my other resources...

ha' det godt
O.

[Michael]

Tak i lige maade

I have been reading 8K's and 10Q's all evening. As said I like what I see. The only thing that I can see that could cause concern is that the ELS merger is between related parties. The deal does however seem very reasonable and infact it seems to me that RSFF made a very good deal.

This could be explained by the fact that the seller and buyer have shared interests.

Anyhow I have made a very generous offer today in the open market to buy the shares of Resolve Staffing 

[Michael]

The only thing that I can see that could cause concern is that the ELS merger is between related parties. The deal does however seem very reasonable and infact it seems to me that RSFF made a very good deal.

This could be explained by the fact that the seller and buyer have shared interests.

Anyhow I have made a very generous offer today in the open market to buy the shares of Resolve Staffing 

Just for information I have pulled my buy order.

In connection with the ELS merger RSFF issued warrants at $2 and $3 to certain shareholders of ELS. Despite a lot of digging I have not been able to find out how many warrants were issued. The Warrant agreement was filled with SEC but without details about the number of warrants. 

I don't think this is alarming but as the stock is now trading at $3 I want to clarify this issue before I commit cash. After all this is still a OTCBB stock so we have to be careful 

[la-onda]

nice BO for RSFF 

[la-onda]

RSFF Update the Investment Community in All-New Interviews With WallSt.net
PR Newswire - February 08, 2007 7:00 AM ET

On February 6, Don Quarterman, Director for Resolve Staffing, Inc. (OTC Bulletin Board: RSFF) updated the investment community in an all-new interview with www.wallst.net . Interview highlights include detailed discussions on the following topics:

    *  the company's national footprint
    *  acquisition of KTF, Inc. a timeline for the acquisition to be accretive
       to the company
    *  how the KTF acquisition diversifies the company's offering and presence
    *  timeline for AMEX listing
    *  seasonality in the company's business
    *  reasons the company has been an "aggressive growth company" over the
       last several years
    *  upcoming milestones for investors to watch for


To hear the interview in its entirety, and to read an in-depth report on the company, visit http://www.wallst.net/superstocks/superstocks_profile.asp?ticker=rsff

[la-onda]

fyi:
Resolve HR Announces Opening of 6 Offices and Plans to Franchise
Tuesday February 13, 9:23 am ET

CINCINNATI--(BUSINESS WIRE)--Resolve Staffing, Inc. (OTCBB:RSFF - News), a national provider of Human Resource Outsourcing (HRO) services, announced today the opening of six offices in the fourth quarter of 2006, which we expect to contribute to earnings in 2007, bringing its number of staffing units to 87. Moreover, after a year of planning, the Company is proud to announce the development of a franchise program.

ADVERTISEMENT
While acquisitions have been a large part of Company growth, Resolve has also continued to grow organically. Resolve opened 6 new offices in the fourth quarter of 2006, including locations in Cleveland, OH, Miami, FL and Glenn Bernie, MD. Currently, Resolve has 87 staffing units offering services in a variety of market niches including medical, information technology, trucking, garment, clerical, and light industrial.

Ron Heineman, CEO, stated: "Resolve has developed name recognition, achieved critical mass, and proven our concept nationally. We have begun looking into the opportunity of franchising as our infrastructure and diversified service offerings can benefit entrepreneurs looking to enter the staffing marketplace. By entering into a franchise relationship, entrepreneurs can focus on establishing and growing their business while allowing Resolve to handle all of their back office and administrative tasks. Resolve can bring an immediate infrastructure and access to various HRO services, thus allowing an entrepreneur to focus on the success of his/her business. We believe franchise opportunities will allow us to continue to enhance our position as a national provider of HRO services. We will begin to roll out our national franchise program for Resolve Staffing beginning the third quarter of 2007 as part of our strategic plan. Simultaneous company and franchised growth will improve our competitive position by expanding our presence across the U.S. more effectively and rapidly. Our goal is to build shareholder value and insure Resolve continues on the path we have set forth."

Resolve experienced tremendous growth in 2006, and the business continues to grow. With the recently completed merger with ELS, Resolve Staffing is laying the groundwork for continued growth. Resolve has grown from a single location firm to a national firm with 87 offices from coast-to-coast. Resolve expects to generate Sales in excess of $120 million in 2006. Moreover, with ELS, Resolve's current Sales run rate for 2007 is approximately $240 million. As Resolve moves forward, and as operational efficiencies are increased, the Company expects both revenues and profitability to continue to increase.

still investment 

[la-onda]

stock is going down on very low volume EMA50 should act as support
cheers
O.

[la-onda]

fyi:
Resolve Announces 2006 Operating Results, Breaks $100 Million in Net Revenue
Tuesday , April 17, 2007 10:07ET

CINCINNATI, Apr 17, 2007 (BUSINESS WIRE) -- Resolve Staffing, Inc. (OTCBB:RSFF) reported today that Revenues for 2006 surpassed $100 million for the year ended December 31, 2006. Revenue for 2006 totaled $103,727,964 (GAAP), an increase of over $64 million, or 166% over 2005 Revenues of $39 million. Fourth quarter sales, the first quarter representing consolidated Revenues for both Resolve and ELS, reached $64,528,424 (GAAP). Moreover, proforma Revenues (ELS and Resolve combined) for 2006 surpassed $200,000,000 (GAAP) and over $345,117,319 on a non-GAAP proforma basis.

Due to the nature of the merger with ELS, it is difficult to analyze Sales or profitability for 2006. Resolve reported a net loss of $2.7 million for the year. The merger with ELS, which was accounted for as a reverse merger, has created drastic changes in our financials when trying to compare to our historical operations. Due to the reverse merger accounting, the first nine months of our 2006 financials represent strictly ELS revenues, with the combined revenue of ELS and Resolve in the fourth quarter. Additionally, our net loss includes numerous expenses associated with completing several acquisitions, the merger with ELS, and Resolve has invested a large amount of capital to develop an infrastructure for continued growth. Moreover, our expenses include numerous adjustments attributable to our aggressive growth and the merger with ELS. For example, by adding over $200 million in gross (non-GAAP) revenue, Resolve had to make adjustments by increasing our reserves for workers' compensation liability ($2,185,097) and health insurance reserves ($1,617,582). Interest Expense of $791,575 was also recorded in 2006. Non-cash items, such as depreciation, amortization of non-competes, and changes in allowance for doubtful account totaled $571,694 in 2006.

While the exclusion of these items are not in accordance with GAAP, and is not intended as a substitute for GAAP, and may not be consistent with similar measures used by other companies, Resolve's management believes that certain non-GAAP information can be a meaningful measure of operating performance because it measures the principal operating results that can be directly influenced by management. Accordingly, it is often used to measure the performance of the company against its operational objectives. The Company reports its Professional Employer Organization services ("PEO") revenues on a net basis for GAAP compliance. The gross revenues, although not in accordance with generally accepted accounting principles ("GAAP"), is presented for comparison purposes and because management believes such information is more informative as to the level of the Company's business activity and more useful in managing its operations.

Ron Heineman, CEO, stated: "Resolve Staffing has quickly become a national Human Resource Outsourcing (HRO) company. The Company has made numerous strides to progress in a positive direction that management believes will build a foundation for shareholders to see the benefits of. There has been a great deal of time and expense integrating this rapid growth. We have developed the corporate infrastructure to handle continued growth. The Company has accomplished its stated goals and continues to move forward. Consistent revenue growth reflects our strengthening position as a premier human resource company. We had previously stated that we were on a run rate of $100 million in sales and even with the reverse merger accounting, we achieved our goal. Moreover, sales for the fourth quarter put us on a current annualized run rate of approximately $240 million for 2007. Our outlook for 2007 continues to remain positive and we remain confident about the market opportunity ahead of us."

Outlook for 2007

Conference Call - On Wednesday, April 18, 2007 at 11:00 a.m. Eastern Time, Ron Heineman will host an investor telephone conference call to discuss 2006 operating results and our 2007 outlook. The dial-in number is 866-228-9900 and the access code is 679789.

Current Run Rates - With fourth quarter GAAP revenues surpassing $64 million ($ million gross, non-GAAP), Resolve is on a current annualized run rate of $250 million in GAAP revenue and $475 million gross non-GAAP revenue.

Recent Acquisitions - In addition to the previously announced acquisitions, Resolve has acquired two more companies in 2007. Choice Staffing, located Ohio and Velocity Staffing, located in California.

Franchise Opportunities - Our franchise division is continuing to progress. We anticipate being ready to sell franchises by the fourth quarter of 2007.

Amex Listing - We are still continuing to pursue a listing on the Amex. The Amex has been waiting for our 10K to be filed before continuing the listing process. There are numerous criteria for Amex eligibility. rsf