The Acquisition of RS Staffing Has Doubled Our Size, Provided Entry Into The Growing Govt. Sector, a Pharmacy offering, and Access To A $7 Million Credit Line with PNC

TeamStaff

• FY04 TSTF revenue $37m

• FY04 TSTF loss from continuing operations $(1.8)m

• FY05 TSTF six month loss from continuing operations ($1.0)m

• 3/31/05 identified approximately $1.0m additional overhead cuts

• No significant debt

RS Staffing

• $10m stock purchase:

-$3.25m cash+$6.75m note/stock/earn out

• FY04 RSS revenue $41m

• FY04 $0.9 million pre-tax income including $1.2 million of non recurring expenses

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