SOMERSET, N.J., June 17 /PRNewswire-FirstCall/ -- TeamStaff, Inc., (Nasdaq: TSTF), a leading logistics and healthcare services provider to the Federal Government and Department of Defense, announced today that it has commenced performance of its five-year contract with the Armed Forces Retirement Home (AFRH), which it previously valued up to $3.3M, to provide healthcare services support. In addition to providing registered nurses, licensed practical nurses, and certified nursing assistants, TeamStaff will implement its proprietary Practitioner Resource Allocation Tool "PRAT".
PRAT is a web-based information management system used for the management, scheduling, monitoring and reporting of human capital resources. TeamStaff believes PRAT offers unique advantages in providing the services requested by AFRH and was instrumental in securing the contract for the Company. The contract award was originally announced in December 2009 and scheduled to commence February 2010. However, implementation of the contract was deferred by AFRH due to objections to the bidding process that resulted in the re-solicitation of bids and the re-award of the contract to TeamStaff Government Solutions, Inc.
TeamStaff CEO and President, Zach Parker commented: "We are honored to have been selected to perform this critical service for our retired veterans. TeamStaff is committed to partnering with AFRH to ensure that the needs of patients are met and service to these heroes is seamlessly provided."
AFRH is an independent agency within the Executive branch of the federal government providing retirement services to America's veterans. TeamStaff will provide services to the Washington D.C. location which encompasses 272 acres in the heart of the nation's capital.
About TeamStaff, Inc.
Headquartered in Somerset, New Jersey, TeamStaff serves clients and their employees throughout the United States as a full-service provider of logistics and healthcare support services through its subsidiary, TeamStaff GS. TeamStaff GS specializes in providing medical, logistic, information technology and office administration professionals through nationwide Federal Supply Schedule contracts with both the United States General Services Administration and the United States Department of Veterans Affairs. For more information, visit the TeamStaff web site at www.teamstaff.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:
This press release contains "forward-looking statements" as defined by the Federal Securities Laws. Statements in this press release regarding TeamStaff, Inc.'s business, which are not historical facts are "forward-looking statements" that involve risks and uncertainties. TeamStaff's actual results could differ materially from those described in such forward-looking statements as a result of certain risk factors and uncertainties, including but not limited to: our ability to continue to recruit and retain qualified temporary and permanent healthcare professionals and administrative staff on acceptable terms; our ability to enter into contracts with government agencies and other customers on terms attractive to us and to secure orders related to those contracts; changes in the timing of customer orders for placement of temporary and permanent healthcare professionals and administrative staff; the overall level of demand for our services; our ability to successfully implement our strategic growth, acquisition and integration strategies; the effect of existing or future government legislation and regulation; the loss of key officers and management personnel that could adversely affect our ability to remain competitive; other regulatory and tax developments; and the effect of other events and important factors disclosed previously and from time-to-time in TeamStaff's filings with the U.S. Securities Exchange Commission. For a discussion of such risks and uncertainties which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's periodic reports filed with the SEC. The information in this release should be considered accurate only as of the date of the release. TeamStaff expressly disclaims any current intention to update any forecasts, estimates or other forward-looking statements contained in this press release.
SOURCE TeamStaff, Inc.