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"The amended revolving credit facility is more clearly aligned with ourliquidity needs during the upcoming year. The line also provides TeamStaffwith flexibility to grow as additional accounts receivable are generatedeither organically or through acquisitions," said Rick J Filippelli,TeamStaff's President and CEO.
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About TeamStaff, Inc.
Headquartered in Somerset, New Jersey, TeamStaff serves clients and theiremployees throughout the United States as a full-service provider of medicaland administrative staffing through its two subsidiaries, TeamStaff Rx andTeamStaff Government Solutions. TeamStaff Rx is a leading provider of travelnursing and travel allied healthcare professionals. TeamStaff Rx operatesthroughout the U.S. and specializes in the supply of travel allied medicalemployees and travel nurses typically placed on 13 week assignments.TeamStaff Government Solutions specializes in providing medical and officeadministration/technical professionals through nationwide Federal SupplySchedule contracts with both the United States General Services Administrationand 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 Actof 1995:
This press release contains "forward-looking statements" as defined by theFederal Securities Laws. Statements in this press release regarding TeamStaff,Inc.'s business, which are not historical facts are "forward-lookingstatements" that involve risks and uncertainties. TeamStaff's actual resultscould differ materially from those described in such forward-lookingstatements as a result of certain risk factors and uncertainties, includingbut not limited to: our ability to recruit and retain qualified temporary andpermanent healthcare professionals and administrative staff upon acceptableterms; our ability to enter into contracts with hospitals, healthcare facilityclients, affiliated healthcare networks, physician practice groups, governmentagencies and other customers on terms acceptable to us and to secure ordersrelated to those contracts; changes in the timing of customer orders forplacement of temporary and permanent healthcare professionals andadministrative staff; the overall level of demand for our services; ourability to successfully implement our strategic growth, acquisition andintegration strategies; the effect of existing or future governmentlegislation and regulation; the loss of key officers and management personnelthat could adversely affect our ability to remain competitive; otherregulatory and tax developments; and the effect of other important factorsdisclosed previously and from time-to-time in TeamStaff's filings with theU.S. Securities Exchange Commission. For a discussion of such risks anduncertainties which could cause actual results to differ from those containedin the forward-looking statements, see "Risk Factors" in the Company's AnnualReport or Form 10-K for the most recently ended fiscal year. The informationin this release should be considered accurate only as of the date of therelease. TeamStaff expressly disclaims any current intention to update anyforecasts, estimates o