BNET Industries
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.
Director
Frederick G. WassermanNumber of Employees 112
Peer Companies
NAICS Code Professional Employer Organizations: 561330
Recent Events
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TeamStaff TSTF Swings to Q4 Loss
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TeamStaff Reports Second Quarter Results
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TeamStaff Rx Hires Dale West as President
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TeamStaff Rx Hires Dale West as President
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TeamStaff Reveals Annual Stockholder Meeting Results - Quick Facts
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TeamStaff Reports Fourth Quarter Loss of $.04M
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TeamStaff Announces Appointment of Cheryl Presuto as Chief Financial Officer
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TeamStaff Announces Appointment of Cheryl Presuto as Chief Financial Officer
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TeamStaff Announces Appointment of Cheryl Presuto as Chief Financial Officer
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TeamStaff Fires Its COO Houston
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Rick J. Filippelli, William H. Alderman and Rick Wasserman Elected to TeamStaff Board of Directors
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TeamStaff Announces Continued Executive Changes
News & Analysis
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teamstaff inc. - All News and Analysis
Has added TeamStaff Inc. to their watch list.
M2 PRESSWIRE-12 March 2008-The Maybach Financial Group: Has added TeamStaff Inc. to their watch listC1994-2008 M2 COMMUNICATIONS LTD RDATE:12032008 Maybach Financial is a syndicate of financial informants representing a true investing experience. Taking research from financial consultants, brokers, researchers, and conglomerates...
TeamStaff Inc. vs. the Global Market.
M2 PRESSWIRE-28 February 2007-www.streetinvesting.com: TeamStaff Inc. vs. the Global MarketC1994-2007 M2 COMMUNICATIONS LTD RDATE:28022007 Please visit www.Streetinvesting.com for the full report. Wall Street was taken by surprise Tuesday, as investors were rudely awakened to what turned out to be...
Market Gainer Releases Coverage for TeamStaff Incorporated.
M2 PRESSWIRE-11 January 2006-www.MarketGainer.com: Market Gainer Releases Coverage for TeamStaff IncorporatedC1994-2006 M2 COMMUNICATIONS LTD RDATE:11012006 Market Gainer strives to find dynamic issues that are unknown but because of their technology, approach, executive team, recent discoveries or other key factors, could...
Ringo forms alliance with TeamStaff Inc.
Three-year-old Ringo, the Melville-based maker of software for managing temporary staffers, has formed an alliance with a provider of payroll and medical staffing services. Under the deal, TeamStaff Rx, a unit of TeamStaff Inc., will use Ringo software to calculate shifts, collect store worker history and provide client...
TeamStaff, Inc. to Present At RedChip Partners Investor Conference in New York - Sept. 19, 2002; Steve Forbes, Editor-in-Chief of Forbes Magazine, to Speak
Business Editors SOMERSET, N.J.--BUSINESS WIRE--Sept. 5, 2002 TeamStaff, Inc. (NASDAQ:TSTF), one of the nation's top Business Outsourcers and Professional Employer Organizations PEOs, will present at the RedChip PartnersTM Investor Conference in New York on Thursday, Sept. 19, 2002. The presentation, which is scheduled for 9:30 a.m. ET, will...
TeamStaff Inc. Sues Lawson Software For Breach of Contract and Violations Of New Jersey's Consumer Protection Laws
Business Editors & Legal Writers TeamStaff Inc. (Nasdaq:TSTF), one of the nation's top Business Outsourcers and Professional Employer Organizations PEOs, today announced that it has filed a complaint against Lawson Software Inc. in the United Stated District Court for the District of New Jersey. The Complaint alleges that...
TeamStaff Inc. President & CEO Donald W. Kappauf Nominated for Ernst & Young's ``Entrepreneur Of The Year'' Award
Business Editors and High-Tech Writers
TeamStaff, Inc. Announces Second Quarter and Year-To-Date Fiscal 2002 Revenues and Earnings
Business Editors SOMERSET, N.J.--BUSINESS WIRE--May 14, 2002 Quarterly Gross Profits Increase 15.6% Year Over Year, Six-Month Gross Profits Increase 14.8% TeamStaff, Inc. (Nasdaq:TSTF), one of the nation's top Business Outsourcer and Professional Employer Organizations PEOs, announced quarterly and year-to-date financial results for the second quarter of...
TeamStaff Inc. Appoints PricewaterhouseCoopers as Auditor
Business Editors SOMERSET, N.J.--BUSINESS WIRE--April 10, 2002 TeamStaff Inc. (Nasdaq:TSTF), one of the nation's leading providers of business process outsourcing solutions and Professional Employer Organization PEO services, today announced that its board of directors has appointed PricewaterhouseCoopers LLP as the company's independent auditors for the fiscal year ending...
TeamStaff Inc. Announces Selection of Janney Montgomery Scott to Undertake TeamStaff Rx Project And Appoints New COO of PEO Division
Business Editors SOMERSET, N.J.--BUSINESS WIRE--April 2, 2002 TeamStaff Inc. (Nasdaq:TSTF), one of the nation's leading providers of business process outsourcing solutions and Professional Employer Organization PEO services, announced that it has selected Janney Montgomery Scott to undertake a financial analysis for the company's board of directors with regard...
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
-
Rick J. Filippelli, William H. Alderman and Rick Wasserman Elected to TeamStaff Board of Directors
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