BNET Industries
Market Cap:$20.6M
Last Fiscal Year Sales:$586.6M
- Public
- US
Dow Jones Description
Staffing personnel placed by the Company are employees of the Company. The Company is responsible for employment related expenses for its employees, including workers compensation, unemployment compensation insurance, Medicare and Social Security taxes and general payroll expenses. The Company offers health, dental, 401(k), disability and life insurance to its eligible employees. Staffing and consulting companies, including the Company, typically pay their billable employees for their services before receiving payment from their clients, resulting in significant outstanding receivables. To the extent the Company grows, these receivables will increase and there will be greater need for borrowing availability under the PNC Credit Facility. At April 19, 2009, the Company had outstanding $71.1 million principal amount under the PNC Credit Facility with remaining availability of up to $14.9 million, based upon the borrowing base as defined in the loan agreement, to fund operations. The Company has had preliminary discussions with PNC to extend the PNC Credit Facility beyond its current maturity date of July 24, 2010. No assurance can be given that the Company will resolve such discussions on a satisfactory basis. ...
CEO
John FanningNumber of Employees 620
Peer Companies
NAICS Code Temporary Help Services: 561320
Recent Events
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COMFORCE Corporation Announces Third Quarter 2009 Results
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COMFORCE Corporation Reports Second Quarter 2009 Results
News & Analysis
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comforce corp. - All News and Analysis
COMFORCE Corporation Q2 2008 Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Your first question comes from Bruce Galloway – Galloway Capital Management. Bruce Galloway – Galloway Capital Management With regards to the new contract signed during the second quarter, could you sort of elaborate? Are these additional contracts and they’re going to be kicking...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| John Fanning | CEO |
| Harry MacCarrone | Ex. Vice President, CFO & Secretary |
| Kevin Reilly | CIO |
| Bradley Turkin | Executive Vice President |
| Evan Burks | Executive Vice President |
| Robert Senatore | Executive Vice President |
| Robert Ende | Senior Vice President |
| Allison Gross | Area Vice President |
| Arthur A. Feltma | General Counsel & Vice President |
| Arthur A. Feltman | General Counsel & Vice President |
| Bruce Stephan | Vice President, Taxation |
| Cyndi Thomas | Vice President, Coding Services |
| Diane Claiborne | Vice President, Client Service Operations |
| Linda Annicelli | Vice President, Administration |
| Marguerite Debilio | Vice President, Insurance |
| Martha White | Vice President |
| Pete Petix | Vice President |
| Teresa Golio | Vice President, Finance |
| Kasee Bojorquez | Administrative Director |
| Linda Steele | Sales Director |
| Scott Terrell | Sales Director |
| Bobbie Sands | Operations Manager |
| Elizabeth Disalvo | Branch Manager |
| Richard Buhl | Branch Manager |
| Sandra Quintero | Branch Manager |
| Suzanne Kresge | Manager |
| Tricia Devlin | Staffing Manager |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Daniel Raynor | Board of Directors |
| Gordon Robinett | Board of Directors |
| Kenneth J. Daley | Board of Directors |
| Pierce J. Flynn | Board of Directors |
| Rosemary Maniscalco | Vice Chairman |
| Organization | Position | Status |
|---|---|---|
| Comforce Corporation | CEO | Current |
| PrO Unlimited | Co-Founder & CEO | Current |
| THISCO | President | Former |
| Comforce Corporation | Board Chairman | Current |
| Comforce Corporation | Board Director | Former |
Harry V. Maccarrone has served as Executive Vice President, Secretary and a director of the Company since 1998 and as the Chief Financial Officer of the Company since 2000. Mr. Maccarrone, who joined Uniforce in 1988 as Assistant Vice President--Finance, served as Vice President--Finance of Uniforce from 1989 to 1997. From 1989 until 1997 he also served as Uniforce's Treasurer and Chief Financial Officer.
| Organization | Position | Status |
|---|---|---|
| Comforce Corporation | Ex. Vice President, CFO & Secretary | Current |
| Comforce Corporation | Board of Directors | Current |
| Uniforce, Inc | Assistant Vice President | Former |
| Uniforce, Inc | Treasurer | Former |
| Organization | Position | Status |
|---|---|---|
| Comforce Corporation | CIO | Current |
| Comforce Corporation | Vice President, Information Services | Former |
| Organization | Position | Status |
|---|---|---|
| Comforce Corporation | Executive Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Comforce Corporation | Executive Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Comforce Corporation | Executive Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Comforce Corporation | Senior Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Comforce Corporation | Area Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Comforce Corporation | General Counsel & Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Comforce Corporation | General Counsel & Vice President | Current |
| Comforce Corporation | General Counsel | Former |
| Organization | Position | Status |
|---|---|---|
| Comforce Corporation | Vice President, Taxation | Current |
| Organization | Position | Status |
|---|---|---|
| Comforce Corporation | Vice President, Coding Services | Current |
| Organization | Position | Status |
|---|---|---|
| Comforce Corporation | Vice President, Client Service Operations | Current |
| Organization | Position | Status |
|---|---|---|
| Comforce Corporation | Vice President, Administration | Current |
| Organization | Position | Status |
|---|---|---|
| Comforce Corporation | Vice President, Insurance | Current |
| Organization | Position | Status |
|---|---|---|
| Comforce Corporation | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Comforce Corporation | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Comforce Corporation | Vice President, Finance | Current |
| Comforce Corporation | Corporate Controller | Current |
| Organization | Position | Status |
|---|---|---|
| Comforce Corporation | Administrative Director | Current |
| Organization | Position | Status |
|---|---|---|
| Comforce Corporation | Sales Director | Current |
| Organization | Position | Status |
|---|---|---|
| Comforce Corporation | Sales Director | Current |
| Organization | Position | Status |
|---|---|---|
| Comforce Corporation | Operations Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Comforce Corporation | Branch Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Comforce Corporation | Branch Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Comforce Corporation | Branch Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Comforce Corporation | Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Comforce Corporation | Staffing Manager | Current |
Dan serves on the board of directors and is managing partner and co-founder of Argentum Group, a New York-based private equity firm with over 50 active portfolio investments and aggregate investment capital of over $280 million. At Argentum, he coordinates private equity investment opportunities in the software, information services, and outsourcing/business services sectors. He brings to the Board more than 12 years of private equity experience. Dan also serves on the Board of Directors of Applied Data Systems, Inc., Community Education Centers, Inc., Dynamic Healthcare Technologies, Inc., Fusion Lighting, Inc., Health Charge Corporation, NuCo2, Inc., and Transforce, Inc. He received a Bachelor of Science degree in economics from the Wharton School of Business at the University of Pennsylvania.
| Organization | Position | Status |
|---|---|---|
| The Argentum Group | Co-Founder | Current |
| Argentum Corporation | Co-Founder | Current |
| The Argentum Group | Managing Partner | Current |
| Applied Data Systems, Inc | Director of Ads | Current |
| Nuco2 Inc. | Chairman | Current |
| Community Education Centers, Inc. | Board of Directors | Current |
| TransForce Inc. | Board of Directors | Current |
| Comforce Corporation | Board of Directors | Current |
| Fusion Lighting Limited | Board of Directors | Current |
| Bio-Kinetic Clinical Applications, Inc | Board of Directors | Current |
| Applied Data Systems, Inc | Board of Directors | Current |
| Research Pharmaceutical Services, Inc. | Board of Directors | Current |
| Expertplan, Inc. | Board of Directors | Current |
| Healthcharge Inc. | Board of Directors | Current |
| TransForce, Inc. | Board of Directors | Current |
| Paciolan, Inc. | Board Member, Argentum Group | Current |
| The Argentum Group | Owner | Former |
| Wharton Graduate School of the University of Pennsylvania | B.S. In Economics | Former |
| The Wharton School of the University of Pennsylvania | B.S. In Economics | Former |
| Organization | Position | Status |
|---|---|---|
| Comforce Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Comforce Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Tocqueville Asset Management | Senior Portfolio Manager | Current |
| Comforce Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Imagemakers, Ltd. | President, Corporate | Current |
| Comforce Corporation | Vice Chairman | Current |
| Comforce Corporation | Board of Directors | Former |
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