Volt Information Sciences News Release (08/07/13)
Volt Information Sciences Inc. has reported that its staffing services segment revenues decreased approximately $45 million to $473 million in its fiscal second quarter (ended April 28, 2013) compared with the same quarter last year. Because the numbers in Volt’s press release are preliminary and unaudited, the company limited the scope of the financial information released.
Buyers of a business generally expect sellers to be responsible for certain liabilities relating to when the seller owned its business—a concept mergers and acquisitions professionals refer to as indemnification. Indemnification is one of the most heavily negotiated, and potentially most significant, provisions of a purchase agreement, and understanding the terminology common to such agreements is essential when negotiating a deal. Attorney Paul Pincus of Ortoli Rosenstadt LLP explains what sellers are liable for, how a seller’s liability may be limited, and how buyers may seek to fund potential indemnity claims.
NASDAQ (08/08/13)
TSR Inc. reported net revenue of $12.6 million for the fiscal fourth quarter, up 7.9% from $11.6 million in the year-ago period. The company reported net income of $11,000, compared with a net loss of $48,000 in the fiscal fourth quarter of 2012.
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Premier executive education. Elite-caliber networking opportunities. The largest, most comprehensive industry expo. Those are just three of the reasons that staffing and recruiting professionals like you will be at the ASA annual convention and expo, Oct. 8–10 in Orlando, FL. Make sure you’re right there with them—plan your trip to Staffing World today.
The digital edition of the Staffing World 2013 advance program is available on ASA Digital. It includes daily schedules, workshop descriptions, and networking events. Plus, the digital edition includes one-click access to speaker bios, exhibitor information, and information about visiting Orlando.
Find the information you need and register for Staffing World today. You’ll save up to $150 per person when you register by Sept. 6.
The ASA board of directors and staff welcome the following new members, which joined during the week of July 29.
Hired by Matrix
Rochelle Park, NJ
Integral Search Group
Westlake, OH
Jet Professionals
Teterboro, NJ
Staffing & Consulting on Demand
Chicago, IL
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