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

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