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Posted: Wed Dec 16th, 2009 07:32 pm |
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Allegiant Professional Business Services Inc. Signs Strategic Partner Agreement Estimated to Generate Approximately $200 Million in Gross Payroll.8:30a ET December 16, 2009 (PR NewsWire)
Allegiant Professional Business Services Inc. (Pink Sheets: APRO) has signed a strategic partner agreement with Amerisource Payroll Solutions LLC and its related companies. APRO CEO David Goldberg estimates that the Amerisource business may add $200 million in gross payroll over the next 12 months.
"Amerisource has a proven track record in the staffing and human resources industry," Goldberg said. "We will offer Amerisource clients our expertise in payrolling, workers compensation and benefits."
Allegiant Professional Business Services Inc. provides financial services to small and medium-size businesses, relieving our clients from many of the day-to-day tasks that negatively impact their core business operations, such as payroll processing, human resources support, workers' compensation insurance, safety programs, employee benefits, and other administrative and aftermarket services predominantly related to staffing -- staff leasing, temporary staffing and co-employment. We not only provide core services but a wide selection of employee and employer benefits and aftermarket products.
Safe Harbor:
Statements in this press release that are not historical facts are forward-looking statements, including statements regarding future revenues and sales projections, plans for future financing, the ability to meet operational milestones, marketing arrangements and plans, and shipments to and regulatory approvals in international markets. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the Company's success are more fully disclosed in the Company's most recent public filings with the U.S. Securities and Exchange Commission ("SEC"), including its annual report on Form 10-K for the year ended Sept. 30, 2007, and its subsequent filings with the SEC.
SOURCE Allegiant Professional Business Services Inc.
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Posted: Tue Dec 15th, 2009 05:15 pm |
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Allegiant Professional Business Services Inc. Begins Use of Advanced HR and Payroll System8:00a ET December 15, 2009 (PR NewsWire)
Allegiant Professional Business Services Inc. (Pink Sheets: APRO) has signed a leasing agreement to use a new high-performance payroll and HR software package as a result of increased business volume, a spokesman said.
David Goldberg, CEO of APRO, said the company will use the HRPyramid software from F.W. Davison and Company Inc. "HRPyramid is developed on the most advanced and efficient platform today," he said. "APRO has added a significant number of clients in recent months and we are planning for extensive grown in 2010. HRPyramid will help us with our 10,000 plus employee client base and planned growth."
The HYPryamid software is designed to increase accuracy and be more efficient. It will allow clients access to information about their employees with web-based self service, Goldberg said.
Allegiant Professional Business Services Inc. provides financial services to small and medium-size businesses, relieving our clients from many of the day-to-day tasks that negatively impact their core business operations, such as payroll processing, human resources support, workers' compensation insurance, safety programs, employee benefits, and other administrative and aftermarket services predominantly related to staffing -- staff leasing, temporary staffing and co-employment. We not only provide core services but a wide selection of employee and employer benefits and aftermarket products.
Safe Harbor:
Statements in this press release that are not historical facts are forward-looking statements, including statements regarding future revenues and sales projections, plans for future financing, the ability to meet operational milestones, marketing arrangements and plans, and shipments to and regulatory approvals in international markets. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the Company's success are more fully disclosed in the Company's most recent public filings with the U.S. Securities and Exchange Commission ("SEC"), including its annual report on Form 10-K for the year ended Sept. 30, 2007, and its subsequent filings with the SEC.
SOURCE Allegiant Professional Business Services Inc.
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Posted: Mon Dec 14th, 2009 06:18 pm |
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Allegiant Professional Business Services Inc. Enhances its Client Benefits Program8:00a ET December 14, 2009 (PR NewsWire)
Allegiant Professional Business Services Inc. (OTC Pink Sheets: APRO) is pleased to announce as a result of high demand for its client benefit programs, it is offering enhanced health and insurance benefits for its 10,000 plus-employee client base.
"We began the benefit program several months ago," said CEO David Goldberg. "It has succeeded beyond our expectations."
Goldberg said APRO hopes to sign at least 25 percent of its employee client base to the programs.
The rates allow small to medium size businesses to offer benefits to employees who might otherwise lack coverage. "This is one of the further benefit services that Allegiant offers to its clients and client employees that distinguishes us from other professional employment companies," said Goldberg.
Allegiant Professional Business Services Inc. provides financial services to small and medium-size businesses, relieving our clients from many of the day-to-day tasks that negatively impact their core business operations, such as payroll processing, human resources support, workers' compensation insurance, safety programs, employee benefits, and other administrative and aftermarket services predominantly related to staffing -- staff leasing, temporary staffing and co-employment. We not only provide core services but a wide selection of employee and employer benefits and aftermarket products.
Safe Harbor:
Statements in this press release that are not historical facts are forward-looking statements, including statements regarding future revenues and sales projections, plans for future financing, the ability to meet operational milestones, marketing arrangements and plans, and shipments to and regulatory approvals in international markets. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the Company's success are more fully disclosed in the Company's most recent public filings with the U.S. Securities and Exchange Commission ("SEC"), including its annual report on Form 10-K for the year ended Sept. 30, 2007, and its subsequent filings with the SEC.
SOURCE Allegiant Professional Business Services Inc.
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Posted: Sat Dec 12th, 2009 06:46 pm |
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December 12, 2009 Newsletter NL- 121209-10053
Stockmarketquarterly Newsletter
Where wealth is a serious matter in building a solid investment portfolio one stock at a time...
- APRO -
Share Price 12/11/09 .023
Allegiant Professional Business Services, Inc.
Corporate Address
Allegiant Professional Business Services, Inc.
1590 South Lewis Street
Anaheim, CA 92805
Contact:
771 East Route 70, Suite D-100
Marlton, NJ 08053
United States
Phone: 954-458-1145
A/S: 980,000,000
O/S: 60,000,000 The Share Structure is not current
The CEO:
David Goldberg serves as Chairman, Chief Executive Officer, Chief Financial Officer and Secretary of Allegiant Professional Business Services, Inc. Mr. Goldberg served as President, Chief Executive Officer, Principal Financial Officer and Chairman of Board of Directors of Kachina Gold Corp. (formerly Advantage Opportunity Corp.) since May 6, 2004. Mr. Goldberg served as Chief Executive Officer of Championlyte Beverages Inc., a subsidiary of Championlyte Holdings Inc. ...
The Company's Business Model
Allegiant Professional Business Services, Inc. provides staffing and business processing services to municipalities and small businesses principally in Southern California. The company also provides financial services, including benefits and payroll administration, health and workers' compensation insurance programs, personnel records management, employer liability management, full time and temporary staffing services to small and medium-size businesses as well. The company’s services allow its customers to outsource many human resource tasks, including payroll processing, workers' compensation insurance, health insurance, employee benefits, 401k investment services, personal financial management, and income tax consultation. These services also relieve existing and potential customers of the burdens associated with personnel management and control. Staffing Services The company’s staffing services include on-demand or short-term staffing assignments, contract staffing, long-term or indefinite-term on-site management, and human resource administration. Short-term staffing involves client demands for employees caused by such factors as seasonality, fluctuations in customer demand, vacations, illnesses, parental leave and special projects. Contract staffing involves providing employees for its clients for a period of approximately three months or an indefinite period. The company also would employ an experienced on site manager at a client's place of business under certain contractual arrangements. The manager is responsible for conducting recruiting, screening, interviewing, testing, hiring, and employee placement functions at the client's facility for a long-term or indefinite period. The company uses various methods to recruit its work force for staffing services. The employee application process may include an interview, skills assessment test, reference verification and background checks. The company uses a pre-employment screening process to find and select applicants who are appropriately qualified for employment. Professional Employment Organizations Services The company, in certain circumstances, becomes a co-employer of the client's existing workforce in a Professional Employments Organizations (PEO) contract and assumes responsibility for the human resource management responsibilities, including payroll and payroll taxes, employee benefits, health insurance, workers' compensation coverage, workplace safety programs, compliance with federal and state employment laws, labor and workplace regulatory requirements and related administrative responsibilities. The company has the right to hire and fire its worksite employees, while the client's management remains responsible for recruiting, work assignments, supervision and training. It also recommends safety improvement procedures and equipment following a risk assessment. History The company was founded in 2004. It was formerly known as Tradeshow Products, Inc. and changed its name to Allegiant Professional Business Services, Inc. on October 02, 2008.
Latest Press Releases:
Allegiant announces current results of stock repurchase plan
MARLTON, N.J. Dec. 7 /PRNewswire-FirstCall/ -- Allegiant Professional Business Services Inc. (Pink Sheets: APRO), a premier provider of financial services to small and medium-size business previously announced that the company is acting on its stock repurchase program. The company's Board of Directors authorized repurchase of up to an aggregate of 15,000,000 shares of its common stock as market and business conditions warrant. The share repurchases are being made by the company's designated brokerage firm, and are being conducted under applicable SEC guidelines and regulations.
David Goldberg CEO and Chairman of Allegiant stated, "I am pleased to report that beginning October 14, 2009, pursuant to rule 10b-18, we began repurchasing our common stock. Repurchase, under the rule, restricts the amount of stock the company can repurchase based on volume formulas." Goldberg continued, "We believe the current valuation of Allegiant's common shares makes the repurchase of our equity a solid investment for the company and are committed to continuing the program. Mr. Goldberg added, "Our business is continuing to grow at an outstanding run rate. We estimate annual payroll runs upwards of Ninety Million Dollars ($90,000,000.00) for year ending December 2009. We will continue to aggressively seek strategic acquisitions to further grow the business"
My Comments:
Allegiant Professional Business Services is in a unique position to gain from the current high unemployment and economic climate.
It has been noted that during difficult economic times can be the best time to start a business.. I feel this business model certainly could benefit and as shown in the last economic numbers, appear things are starting to turn for the better...
There are well known companies in this field like Hewitt Assoc, Manpower and others...These companies are publicly traded at a much higher share price with revenues in the millions.
This company should be put on your watchlist going forward.. Watch for upcoming press releases as the company continues with their expansion.. The above PR is only the latest, but has released many PRs prior..
Invest only after a Due Diligence and never invest more than you can afford to lose.
Have a good day
Varok
http://www.stockmarketquarterly.com
Where investors build their portfolio one stock at a time.
Disclaimer: Stockmarketquarterly is an independent newsletter. Stockmarketquarterly's goal is to give the investor the necessary knowledge to make rational and profitable investment decisions. Stockmarketquarterly expects to generate new subscriber revenue, the amount of which is unknown at this time, to its newsletter through the distribution of future special reports. This publication does not provide an analysis of a company's financial position and is not an offer to buy or sell securities. Information about publicly listed companies and other investor resources can be found at the Securities & Exchange Commission website http://www.sec.gov. Investing in securities is speculative and carries risk. It is recommended any investment in any security should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. Stockmarketquarterly presents information in this report believed to be reliable, but its accuracy cannot be guaranteed. Past performance does not guarantee future results. The information contained herein contains forward-looking statements and information within the meaning of Section 27A of the Securities Act of 1993 and Section 21E of the Securities Exchange Act of 1934, including statements regarding expected continual growth of the featured company. In accordance with safe harbor provisions of the Private Securities Litigation Reform Act of 1995, that statements contained herein that look forward in time, which include other than historical information, involve risks and uncertainties that may affect actual results of operations. Factors that could cause actual results to differ include the size and growth of the market for the company's products, the company's ability to fund its capital requirements in the near term and in the long term; pricing pressures, etc. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance may be forward-looking statements. Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements may be identified through the use of words such as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should or might occur. Stockmarketquarterly has received $1,500 cash from a 3rd party to profile Allegiant Professional Business Services, Inc.. We may purchase for our portfolio a certain amount of our holdings as we feel companies we profile have substantial growth potential or until the business climate dictates otherwise.. Due Diligence is a must for all investors as there is a certain amount of risk investing in any market..
Last edited on Sat Dec 12th, 2009 06:47 pm by Admin
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