Allegiant Professional Business Services Inc. Files September 2008 Form 10K

Marlton, NJ January 20, 2010: Allegiant today announced it has filed its September 2008 Form 10K and intends to file its transitional December 2008 Form 10K shortly

Jan 20, 2010, 09:30 ET from Allegiant Professional Business Services Inc.

MARLTON, N.J., Jan. 20 /PRNewswire-FirstCall/ -- Allegiant Professional Business Services Inc. (Pink Sheets: APRO) announced that on January 6, 2010 it has filed its annual Form 10K for the period ending September 30, 2008 and is moving forward to bring APRO current as soon as possible.  

"This has been a particularly challenging audit to complete for a number of reasons," Goldberg said. "However, we have worked through all the difficult issues and anticipate that the remaining time period to be audited will proceed smoothly."  Goldberg continued, "The filing of the aforementioned 10KSB, and subsequent filings to follow shortly, will allow Allegiant to apply for re-listing on the Over the Counter Bulletin Board (OTC: BB), a regulated quotation service for fully reporting companies.  Allegiant common shares currently trade on the National Quotation Bureau Electronic Pink Sheets."

Goldberg added, "Being current in our required filings will assist us in pursuing key acquisitions and strategic alliances currently targeted by Allegiant, and allow our shareholders to have the opportunity to follow the Company more closely, since the OTC BB is carefully monitored by all major financial sites on the Internet and elsewhere."

Allegiant Professional Business Services Inc. provides financial services to small and medium-size businesses, relieving our clients from many of the day-to-day tasks that negatively impact their core business operations, such as payroll processing, human resources support, workers' compensation insurance, safety programs, employee benefits, and other administrative and aftermarket services predominantly related to staffing -- staff leasing, temporary staffing and co-employment. We not only provide core services but a wide selection of employee and employer benefits and aftermarket products.

Safe Harbor:

Statements in this press release that are not historical facts are forward-looking statements, including statements regarding future revenues and sales projections, plans for future financing, the ability to meet operational milestones, marketing arrangements and plans, and shipments to and regulatory approvals in international markets. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the Company's success are more fully disclosed in the Company's most recent public filings with the U.S. Securities and Exchange Commission ("SEC"), including its annual report on Form 10-K for the year ended Sept. 30, 2007, and its subsequent filings with the SEC.

SOURCE Allegiant Professional Business Services Inc.