Message #6 From:
Stock News Bot Date: November 29, 2005 03:00:00 AM
PBHG News PBS Holding, Inc. Announces Expansion of Sales Force, Opens New Market; Company Establishes Foothold in Houston Metropolitan Area
SAN ANTONIO--(BUSINESS WIRE)--Nov. 29, 2005--PBS Holding, Inc. (OTCBB:PBHG) announced that it has established a sales presence in the Houston metropolitan market by hiring and training its first group of regional consultants. These consultants have completed the Company's highly effective selling program, and are now fully deployed across the region.
The greater Houston area encompasses over 5.0 million people, with nearly 70,000 businesses that are potential clients for PBS. Houston represents an opportunity for PBS that is greater than all its existing markets combined. The Company plans to solidify its market position in 2006 by opening an office and hiring additional sales consultants.
"Although PBS has clients with operations in the Houston area, this is the first time we have devoted sales resources exclusively for the region. The prospects for this market are excellent and we expect it to help us maintain our strong sales momentum," comments PBS president Rick Matthews.
About PBS Holding, Inc.
The business of PBS Holding, Inc. is to operate in the Human Resources Outsourcing Services Sectors, specifically the Professional Employer Organization industry and the Temporary Staffing Services industry through its subsidiaries Primary Business Systems LLC, Primary HR Services LLC and Concord Staffing Services. The subsidiaries of PBS serve small to medium-sized businesses by outsourcing the human resource burden of reporting, regulations, legalities, screening and administration. We help clients compete more effectively by allowing them to focus their resources on serving customers and building their business. PBS is becoming an end-to-end business services company with a value proposition that integrates HR, insurance and related business services.
Safe Harbor:
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of PBS Holding, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions, as well as risk factors contained in our periodic reports filed with the SEC. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
