BNET Industries

TeamStaff Inc.

(TSTF) is in the Business Services Industry

Market Cap:$3.2M
Last Fiscal Year Sales:$73.2M
  • Public
  • US
Dow Jones Description

TeamStaff, Inc., a New Jersey corporation (TeamStaff or the Company), was founded in 1969 as a payroll service company and has evolved into a national provider of payroll and temporary and permanent medical and administrative staffing services. TeamStaffs corporate headquarters is in Somerset, New Jersey. TeamStaff has offices located in Clearwater, Florida, Memphis, Tennessee, Monroe, Georgia, Decatur, Georgia and Atlanta, Georgia. When we use the term TeamStaff, or the Company we mean TeamStaff and its subsidiaries. Currently, we operate only through the parent corporation, TeamStaff, Inc. (through its DSI Payroll Services division), and our TeamStaff Rx, Inc. (including its Nursing Innovations division) and RS Staffing Services, Inc. subsidiaries. TeamStaffs wholly-owned subsidiaries also include DSI Staff ConnXions Northeast, Inc., DSI Staff ConnXions Southwest, Inc., TeamStaff Solutions, Inc., TeamStaff I, Inc., TeamStaff II, Inc., TeamStaff III, Inc., TeamStaff IV, Inc., TeamStaff V, Inc., TeamStaff VI, Inc., TeamStaff Insurance Services, Inc., TeamStaff VIII, Inc., Employer Support Services, Inc., TeamStaff IX, Inc., Digital Insurance Services, Inc., HR2, Inc. and BrightLane.com, Inc. As a result of the sale of our PEO business in fiscal year 2004, most of these subsidiaries are not actively operating.

Number of Employees 112
Contact Information

300 Atrium Dr

Somerset, New Jersey 08873

www.teamstaff.c...

(732) 748-1700

NAICS Code Professional Employer Organizations: 561330

Recent Events

  • TeamStaff TSTF Swings to Q4 Loss

    1/13/10 - Financial Announcement - View Story

  • TeamStaff Reports Second Quarter Results

    5/15/09 - Financial Announcement - View Story

  • TeamStaff Rx Hires Dale West as President

    9/19/08 - Mgmt. Change Entering - President - View Story

  • TeamStaff Rx Hires Dale West as President

    9/19/08 - Mgmt. Change - Entering - View Story

  • TeamStaff Reveals Annual Stockholder Meeting Results - Quick Facts

    4/17/08 - Stock Split / Dividend - View Story

  • TeamStaff Reports Fourth Quarter Loss of $.04M

    1/16/08 - Financial Announcement - View Story

  • TeamStaff Announces Appointment of Cheryl Presuto as Chief Financial Officer

    10/29/07 - Mgmt. Change Entering - CFO - View Story

  • TeamStaff Announces Appointment of Cheryl Presuto as Chief Financial Officer

    10/29/07 - Mgmt. Change Entering - Finance - View Story

  • TeamStaff Announces Appointment of Cheryl Presuto as Chief Financial Officer

    10/29/07 - Mgmt. Change - Entering - View Story

  • TeamStaff Fires Its COO Houston

    5/04/07 - Mgmt. Change - Leaving - View Story

  • Rick J. Filippelli, William H. Alderman and Rick Wasserman Elected to TeamStaff Board of Directors

    1/25/07 - Mgmt. Change - Entering - View Story

  • TeamStaff Announces Continued Executive Changes

    1/22/07 - Mgmt. Change - Entering - View Story

News & Analysis

teamstaff inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Frederick G. Wasserman Director
Edmund C. Kenealy General Counsel, Vice President & Secretary
Kathleen Charles General Manager, Services
Cheryl Presuto Controller

Board of Directors

Name (plus bio) Position
T. Kent Smith Board of Directors
Martin J. Delaney Board of Directors
T. Stephen Johnson Board of Directors
Karl W. Dieckmann Board of Directors
Peter Black Board of Directors
Rick J Filippelli Board of Directors
Rocco J. Marano Board of Directors

Mr. Wasserman is currently a financial management consultant. Until December 31, 2006, Mr. Wasserman was the Chief Operating/Financial Officer of Mitchell & Ness Nostalgia Co., a privately-held manufacturer and distributor of licensed sportswear and authentic team apparel. Prior to Mitchell & Ness, Mr. Wasserman served as the President of Goebel of North America, a U.S. subsidiary of the German specialty gift maker, from 2001 to 2005. Mr. Wasserman also served as the Chief Financial Officer of Goebel of North America in 2001. Mr. Wasserman also serves as a director of Acme Communications, Inc., TeamStaff, Inc. and Allied Defense Group, Inc.

Organization Position Status
Breeze Eastern Director Nominee Current
The Allied Defense Group, Inc. Self, Employed Financial Consultant Current
The Allied Defense Group, Inc. Director Current
TeamStaff, Inc. Director Current
Acme Communications, Inc. Director Current
Gilman Ciocia Inc Director Current
Breeze-Eastern Corporation Director Current
Crown Crafts, Inc. Director Current
Aftersoft Group, Inc. Director Current
Breeze Eastern Board of Directors Current
Mitchell & Ness Chief Operating, Financial Officer Former
Most, LLC Former
Wharton Graduate School of the University of Pennsylvania BS In Economics Former

Organization Position Status
TeamStaff, Inc. President & CEO Current
TeamStaff, Inc. Board of Directors Current
Norrell Corporation Chief Information Officer Former
Norrell Corporation Vice President, Finance & Strategic Planning Former
University of Virginia Masters in Business Administration Former

Organization Position Status
TeamStaff, Inc. Senior Vice President, Development Current
TeamStaff, Inc. Board of Directors Current

Organization Position Status
TeamStaff, Inc. General Counsel, Vice President & Secretary Current

Organization Position Status
TeamStaff, Inc. General Manager, Services Current

Cheryl Presuto was appointed to the position of Chief Financial Officer in October 2007. She also serves as the company's Controller, a position she has held since August 2004, and previously served as TeamStaff's Accounting Manager since January 2002. From February 1998 through December 2001, she held various positions with Gannett, Inc., including Accounting Manager and Assistant Controller. Prior to joining Gannett, Ms. Presuto held a number of accounting and consulting positions. She holds a BS in accounting from Fairleigh Dickinson University.

Organization Position Status
TeamStaff, Inc. Controller Current
TeamStaff, Inc. Accounting Manager Current
Gannett Co., Inc. Accounting Manager Former
Gannett Co., Inc. Assistant Controller Former
Fairleigh Dickinson University BS In Accounting Former

T. Stephen Johnson has been Chairman of the Board of TeamStaff since September 2001. He has served as Chairman of T. Stephen Johnson & Associates, Inc., a financial services consulting firm, and its related entities since inception in 1986. Mr. Johnson is a long-time banking consultant and Atlanta entrepreneur who has advised and organized dozens of community banks throughout the Southeast. He is Chairman Emeritus of Netbank, the largest and most successful Internet-only bank, as well as Chairman and principal owner of Bank Assets, Inc., a provider of benefit programs for directors and officers of financial institutions. Mr. Johnson is Chairman of the Board of Directo, Inc. a company specializing in providing financial services for un-banked individuals and Chairman of Atlanta Financial Corporation. See ``Certain Relationships and Related Transactions''.

Organization Position Status
TeamStaff, Inc. Chairman Current
TeamStaff, Inc. Board of Directors Current

Organization Position Status
TeamStaff, Inc. Vice Chairman Current
TeamStaff, Inc. Board of Directors Current

Peter Black joined Wynnefield Capital as a Research Analyst in March, 1999 and in 2004, became a Portfolio Manager. Prior to joining the firm, Peter was an associate in the Mergers & Acquisition Departments of UBS Securities and SG Cowen, where he worked as a generalist on numerous transactions in the telecommunications, healthcare services, biotechnology, and media industries. Peter received an MBA with High Distinction from the Fordham Graduate School of Business and received a Bachelor of Arts degree in English from Boston College. Mr. Black serves on the Board of Directors of two of Wynnefield's portfolio companies; TeamStaff Inc. (TSTF) and Underground Solutions, Inc. (UGSI).

Organization Position Status
TeamStaff, Inc. Board of Directors Current
Wynnefield Capital Research Analyst Current
Wynnefield Capital Research Analyst Current
Wynnefield Capital Research Analyst Current
TeamStaff, Inc. Board of Directors Current
TeamStaff, Inc. Board of Directors Current
Underground Solutions, Inc. Board of Directors Current
Underground Solutions, Inc. Board of Directors Current
Underground Solutions, Inc. Board of Directors Current
Sg Cowen & Co., LLC Associate Mergers & Acquisition Departments of Ubs Securities Former
Sg Cowen & Co., LLC Associate Mergers & Acquisition Departments of Ubs Securities Former
Sg Cowen & Co., LLC Associate Mergers & Acquisition Departments of Ubs Securities Former
Boston College Bachelor of Arts Degree In English Former
Boston College Bachelor of Arts Degree In English Former
Boston College Bachelor of Arts Degree In English Former

Effective January 2007, Rick J. Filippelli was appointed President and Chief Executive Officer, Chief Financial Officer and Director. Mr. Filippelli assumed his position as Vice President and Chief Financial Officer of TeamStaff in September 2003. Prior to joining TeamStaff, He spent approximately two years as Chief Financial Officer of Rediff.com, a publicly traded global information technology company. From 1985 through 2001 he held various financial positions including that of Chief Financial Officer with Financial Guaranty Insurance Company ("FGIC"), a subsidiary of GE Capital. Prior to joining FGIC, Mr. Filippelli spent six years in public accounting including three years with the Big 4 firm of Ernst and Young. Mr. Filippelli holds a BS in Accounting from Brooklyn College and is a Certified Public Accountant as well as a member of the American Institute of Certified Public Accountants.

Organization Position Status
TeamStaff, Inc. Board of Directors Current
American Institute of Certified Public Accountants Board of Directors Current
American Institute of Certified Public Accountants Member Current
Financial Guaranty Insurance Company Chief Financial Officer Former
TeamStaff, Inc. Chief Financial Officer Former
TeamStaff, Inc. Vice President Former
General Electric Capital Corporation Former
Brooklyn College BS In Accounting Former

Organization Position Status
TeamStaff, Inc. Board of Directors Current

Executive News

  • Rick J. Filippelli, William H. Alderman and Rick Wasserman Elected to TeamStaff Board of Directors

    Stockwatch - 1/25/07 - View Story

  • Rick J. Filippelli, William H. Alderman and Rick Wasserman Elected to TeamStaff Board of Directors

    PR Newswire via Yahoo! - 1/25/07 - View Story

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     TSTF $1.03 0.00 (0.00% )
Average Volume 9,293
Shares Outstanding 4.94M
Market Cap 5.1M
Year High 2.65
Year Low 0.63
Earnings Per Share 0.07
P/E Ratio 14.71
Dividend N/A
Yield N/A
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