INfe Human Resources Acquires Tri-State Staffing Company with $5.7 Million in Revenue

Strategic Insights -

Miami-based innovative staffing company INfe Human Resources, Inc. (OTCBB: IFHR) has closed the acquisition of a tri-state staffing and logistics company that generated $5.7 million in revenue last year. The acquisition is expected to significantly impact INfe Human Resources' value and growth, as well as open up new avenues of growth and opportunity for the company.

Key Takeaways:

  • INfe Human Resources acquired a tri-state staffing and logistics company that generated $5.7 million in revenue last year.
  • The newly acquired company provides light manufacturing temp placement and logistics services to customers, including a nationwide Fortune 500 client.
  • The acquisition is expected to significantly impact INfe Human Resources' value and growth, as well as open up new avenues of growth and opportunity for the company.
  • INfe Human Resources' management team has a record of driving the growth of emerging companies and offers capital and corporate financial consulting services to OTC Bulletin Board companies.
  • The company has closed four acquisitions to date, resulting in significant revenue increases, expanded service offerings, reductions in back office costs, and increased market share in the $70 billion staffing industry.
  • INfe Human Resources has expanded its service offerings to include higher margin specialties such as legal and accounting, and is seeking to land other Fortune 500 customers requiring similar services.
  • The company's CEO, Arthur D. Viola, stated that the acquisition is a tremendous accomplishment for the company and will enable it to leverage its longstanding relationship with a Fortune 500 client to expand its services and reach new levels of performance.

Statistics:

  • $5.7 million: Revenue generated by the newly acquired tri-state staffing and logistics company last year.
  • $70 billion: Size of the staffing industry.
  • 5 years: Length of time the newly acquired company has been providing its services to a Fortune 500 client.
  • $14,000: Compensation received by Stock Market Alerts LLC for services performed on behalf of INfe Human Resources, Inc.

Sources:

  • Market Wire: "Stock Market Alert`s performance stock list includes: INfe Human Resources, Inc. (OTCBB: IFHR), Lucent Technologies (NYSE: LU), Paychex, Inc. (NASDAQ: PAYX), Trizec Properties, Inc. (NYSE: TRZ)."
  • Market Wire: "INfe Human Resources Acquires Tri-State Staffing Company with $5.7 Million in Revenue."
  • Stock Market Alerts LLC: "The company is not a registered investment adviser, broker or a dealer."
  • Comtex SmarTrend(SM) Alert: DOWNTREND on 05-10-2006 for LU @ $2.72.
  • Comtex SmarTrend(SM) Alert: DOWNTREND on 05-17-2006 for PAYX @ $38.93.
  • Comtex SmarTrend(SM) Alert: DOWNTREND on 04-18-2006 for TRZ @ $24.30.