Business Editors
SAN FRANCISCO--(BUSINESS WIRE)--Sept. 13, 2000
NetStaff, Inc. (OTCBB:NTSF), announced today their alliance with The Outsource Group, a premier provider of human resource services to employers.
The Outsource Group is a Professional Employer Organization ("PEO")
Under the agreement, NetStaff will provide a private labeled version of the NetStaff(R) Multiple Listing Service (MLS) for use by The Outsource Group's 400 employers. Access to the NetStaff system through The Outsource Group's Web site, www.tog-usa.com, will provide client employers with access to candidates listed by staffing companies nationwide.
"In this ever-tightening labor market, access to quality employees is a growing concern for our clients." said Kevin Grauman, CEO of The Outsource Group. "By integrating NetStaff's MLS with our current services we'll be able to assist them with this critical part of the human resource equation."
"PEOs like The Outsource Group are important partners for NetStaff," remarked Patrick Rylee, CEO of NetStaff. "This kind of alliance allows us to maximize our reach, making our services available to a vast number of employers via a single source. These alliances are a key element to our sales strategy."
In addition to alliances with PEOs, NetStaff is working to develop partnerships with trade organizations, content providers, and software developers to increase the distribution of its services.
About NetStaff, Inc.
NetStaff, Inc. is a Web-based, business-to-business e-commerce solution tailored to the needs of staffing professionals. Located at www.netstaff.com, its unique Multiple Listing Service (MLS) enables employers to cut through the confusion and inefficiency of online recruiting and select from the pre-screened candidates of the nation's top staffing agencies. Like a Real Estate MLS, the NetStaff(R) MLS allows participants to choose from candidates represented by hundreds of independent staffing companies. Integrated into NetStaff's Web portal is a wide variety of resources and informational content relevant to the needs of staffing industry and human resources professionals.
NetStaff, Inc. is a fully reporting company listed on the OTC Bulletin Board under the symbol OTC BB: NTSF. NetStaff, Inc. is headquartered in San Francisco, CA. Visit www.netstaff.com for more information.
About the staffing industry
With an estimated 20,000 staffing companies in the U.S. today, staffing industry growth has been in the double-digits for the past six years. This year, industry revenues are expected to exceed $100 billion, according to a recent market study by Legg Mason. Online staffing is expected grow at a similar pace. Forrester Research predicts that by 2001, "virtually all HR pros at large companies will be searching for workers online." As for revenues, they estimate that "online spending [for outsourced staffing] by employers will grow from $150 million in 1998 to $1.7 billion in 2003."
Safe Harbor Statement: This press release includes certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and as that term is defined in the Private Securities Litigation Reform Act of 1995. NetStaff, Inc. intends that such statements be subject to the safe harbors created thereby. Such statements involve risks and uncertainties that could cause actual results to differ materially. Such statements are based upon, among other things, assumptions made by, and information currently available to, management, including management's own knowledge and assessment of NetStaff, Inc.'s industry and competition. Management believes that these forward-looking statements are reasonable. However, no one should place undue reliance on such statements. These statements are based on current expectations and speak only as of the date they are made. NetStaff, Inc. undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of future events, new information or otherwise.