Going for the touchdown pass by submitting an application for listing on the NASDAQ Capital Market, the penny stock of Corporate Resource Services, Inc. (CRRS) took to new heights to begin the week with plenty more to come. Backed by the only good player to come from the Miami Dolphins since their undefeated season in 1972, Dan Marino, who joined the staffing solutions firm last month, CRRS stock reached another new high Monday. With nearly $200 million in revenues for the 3 months ended April 5, 2013, this near $1 billion annual revenue penny stock is not to be passed on.
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CRRS Stock Quote
Market Cap: 359.09M
Last: 2.65 ▲ +0.43 (+19.37%)
Dollar Volume: $384,214
Issued and Outstanding: 135,657,000
14-Day Rel Strength: 75.23%
14-Day Stochastic: 100.00%
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Uplisting from the OTCBB will surely take a bit of time for the diversified technology, staffing, recruiting, and consulting services firm. In the meantime, traders and investors anticipating the move can be sure to count on bursting revenue numbers coming in each time Corporate Resource Services reports their quarterly results.
With 658 full time and 157 part time employees in their operations as of the end of fiscal 2012, the Company placed approximately 120,000 temporary staff with their nationwide customers during the course of that year. The primary goal of the Company is to bring America back to work ad ey are doing a darn good job at it!
For the year ended September 28, 2012, the Company reported revenues of $639,795,000 versus $538,941,000 for the year ended September 30, 2011, an 18.71% increase, which resulted in a Net loss of just ($3,374,000), nearly $1 million less than total interest expense reported for the year. For the 3 months ended December 28, 2012 and April 5, 2012, Corporate Resource Services had already booked $200,158,000 and $194,218,000, respectively, both of which were positive net income reporting quarters.
Ads for CRRS stock, its already gained 430% since the start of the year. Closing at a new 52 week high Monday, and a new all-time high, traders should not pass on the opportunity to have a better look at CRRS. Dan Marino’s involvement with the Company should not be looked at as some high profiled celebrity who was brought in to get some attention and help boost the stock price. Since retiring from the Miami Dolphins, Marino has proven to be a spectacular business man making just as many good decisions as he did in 1983 when he set multiple records in the NFL.
About CRRS Stock
Corporate Resource Services, Inc. is a national provider of diversified staffing, recruiting, and consulting services with a focus on delivering our customers temporary staffing solutions for professional services, administrative and light industrial positions.
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CRRS is having a tremendous year and on pace to book approximately $800 million in revenues this year. Uplisting to a higher exchange is sure to bring a large amount of attention to CRRS stock as it slowly outlives its penny stock status, moving closer to that $5 level. Long investors should look for entry levels at or near yesterday’s open, preferably Friday’s close, to lock in some immediate gains.
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