Business Editors
SOMERSET, NJ--(BUSINESS WIRE)--September 11, 2001
TeamStaff, Inc. (NASDAQ: TSTF), a leading outsourcer of business solutions and Professional Employer Organization, announced today that it has signed a contract with Lawson Software to license a software system
Commenting on the transaction, Donald W. Kappauf, President and CEO of TeamStaff said, "We have been looking at the software programs available to the industry over the last few years and have determined that Lawson's system offers the Company the best-in-class technology to allow us to provide our customers better service and increase our efficiencies. Our new BrightLane division, with all their technical expertise will coordinate the Lawson project with our PEO management and corporate staff. Management intends to initially enter new clients on the Lawson system beginning around the first of the year, and then migrate existing clients from our current systems thereafter."
Kappauf continued, "With the multiple acquisitions the company has made over the years, the company operates several different software systems consolidating all of these platforms to a single program will facilitate financial reporting and enhance service quality through an Internet-based system."
About TeamStaff
Headquartered in Somerset, NJ, TeamStaff serves over 4,500 clients and over 55,000 employees throughout the United States as a full service provider of employer outsourcing and staffing solutions. Through its Professional Employer Organization, TeamStaff provides small and medium sized businesses throughout the nation with a better way to employ their people by delivering off-site, full-service human resource outsourcing solutions. TeamStaff's comprehensive employer services include employment administration, benefits management, government compliance, recruiting and selection, employer liability management, training and development and performance management tools. TeamStaff's PEO ranks as one of the top 10 in the nation.
In addition to its Professional Employer Organization, TeamStaff operates three other employer outsourcing services. Through TeamStaff Rx, TeamStaff provides temporary and permanent medical staffing services throughout the country and is the largest provider of medical imaging personnel in its field. TeamStaff also operates DSI, its niche payroll service bureau offering payroll services and payroll tax processing to over 750 clients and 30,000 employees, mostly in the construction industries in New York and New Jersey. TeamStaff Solutions is a Manhattan-based provider of technical temporary personnel and transaction processing for government agencies. For more information, visit the TeamStaff web site at www.teamstaff.com.
(The statements contained in this press release that are not historical facts are forward-looking statements that involve a number of risks and uncertainties. Therefore, the actual results of future events described in such forward-looking statements could differ materially from those stated in such forward-looking statements. Among those factors that could cause actual results to differ materially are: (I) regulatory and tax developments; (ii) changes in TeamStaff's direct costs and operating expenses; (iii) the estimated costs and effectiveness of capital projects and investments in technology infrastructure; (iv) TeamStaff's ability to effectively implement its e-business strategy; (v) the effectiveness of TeamStaff's sales and marketing efforts, including the company's marketing arrangements with other companies: and (vi) changes in the competitive environment in the PEO industry. These factors are described in further detail in TeamStaff's filings with the Securities and Exchange Commission.)