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HTSCHumana Trans Services Holding Corp. Is Renamed AccountAbilities, Inc.
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES: AccountAbilities, Inc. Awarded Major Staffing Contracts With Florida-Based CPA Firms
MANALAPAN, NJ, Nov 04, 2005
(MARKET WIRE via COMTEX) -- AccountAbilities, Inc. (OTC: Allan Hartley, President of AccountAbilities, stated, "This is a significant step for our company. Since joining our network they are billing on both permanent placement and contract placements within the first month of operations. This is a great catalyst toward our goal of providing services for 50 major and mid-level accounting and other professional firms across the U.S." AccountAbilities, Inc. is also pleased to announce the hiring of Seth Bobet as Executive Vice President. Seth comes with over 10 years of staffing experience. He has worked in management capacities in large staffing companies as well as starting his own staffing company. He will be responsible for operations that flow to each of the CPA firms' AccountAbilities divisions. About AccountAbilities, Inc., formerly Humana Trans Services Holding Corporation Established in 2001, AccountAbilities is a publicly traded company listed currently trading under the symbol "HTSC.PK." The company is now engaged in the professional staffing industry, marketing, and management services to professional services firms in the Accounting and Professional fields. The statements which are not historical facts contained in this press release are forward-looking statements that involve certain known and unknown risks and uncertainties, including but not limited to, changes in the market for Internet or distribution services, regulatory and technological changes, economic factors, increased competition, foreign currency devaluation, foreign market risk, and the nature of supplier of customer arrangements which become available to the Company in the future. The Company's actual results may differ materially from the results discussed in or implied by any forward-looking statement. The words "intend," "expect," "should," "project," and "anticipate" and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date they were made. For more information contact: Ron Shapss: (845) 368-3449 SOURCE: Humana Trans Services Holding Corporation Copyright 2005 Market Wire, All rights reserved. MANALAPAN, NJ, Oct 24, 2005 (MARKET WIRE via COMTEX) -- Humana Trans Services
Holding Corporation (OTC: The change in corporate structure and name was done to better reflect the change in the business model of the Company. Under Allen Hartley, formerly the president of our subsidiary, AccountAbilities, and now president of the new AccountAbilities, the Company has focused on the professional recruitment segment. Since July 2005, AccountAbilities has entered into partnerships with at least four large CPA firms to assist in the recruitment of accountants, and is negotiating with others. In addition to the name change, the Company has relocated its offices to 500 Craig Road, Suite 201, Manalapan, NJ 07726, effective immediately. In addition to the massive benefits of the administrative infrastructure of a national well-known staffing conglomerate a non-affiliated $100 million staffing company can provide, it allows the Company to reduce its monthly rental costs. The Company expects to receive a new trading symbol from the NASD within the next two weeks. About AccountAbilities, Inc., formerly Humana Trans Services Holding Corporation Established in 2001, AccountAbilities is a publicly traded company listed currently on the Pink Sheets under the symbol "HTSC." The company is now engaged in the professional staffing industry, such as Accounting and Legal staff, engineers, architects and other professional areas. The statements which are not historical facts contained in this press release are forward looking statements that involve certain known and unknown risks and uncertainties, including but not limited to, changes in the market for Internet or distribution services, regulatory and technological changes, economic factors, increased competition, foreign currency devaluation, foreign market risk, and the nature of supplier of customer arrangements which become available to the Company in the future. The Company's actual results may differ materially from the results discussed in or implied by any forward-looking statement. The words "intend," "expect," "should," "project," and "anticipate" and similar expressions identify forward looking statements. Readers are cautioned not to place undue reliance on these forward looking statements which speak only as of the date they were made. For more information contact: Ron Shapss (845) 368-3449 SOURCE: Humana Trans Services Holding Corporation Humana Trans Services Holding Corp.
Announces AccountAbilities Subsidiary News ReleasesHumana Trans Services Holding Corp. Relocates Its Corporate Office to Freehold, New Jersey
THURSDAY, AUGUST 18, 2005 9:30 AM HANOVER, Md., Aug 18, 2005 (PRIMEZONE via COMTEX) -- Humana Trans Services Holding Corporation (Pink Sheets:HTSC) (http://www.humanaservices.com), as previously stated, is moving and consolidating its corporate infrastructure to a central accounting and operations center in Freehold, New Jersey. HTSC has also decided to relocate its corporate offices to Freehold, New Jersey since the agreement to sell the Humana Trans Services Group, Ltd. ("Group") subsidiary, Mr. Daly's resignation, and to accommodate Chairman and CEO Ronald Shapss, as well as new management members Jeff Raymond of Pylon Management and Alan Hartly, President of HTSC's subsidiary Accountabilities, Inc. Ronald Shapss, Chairman and now CEO of HTSC, stated, "The consolidation and restructuring we have been engaged in, is starting to really take shape. We have significantly reduced debt and overhead and with the help of Jeff Raymond and his group of professionals, this will provide the infrastructure and systems needed to assist our current CFO, George Riggs, and his team in preparing HTSC for the tremendous growth we envision over our next fiscal year." About Humana Trans Services Holding Corporation Established in 2001, Humana is a reporting, publicly traded company listed currently on the Pink Sheets under the symbol "HTSC". The company is now attempting to enter the professional staffing industry, such as accounting and legal staff, engineers, architects and other professional areas. The statements which are not historical facts contained in this press release are forward looking statements that involve certain known and unknown risks and uncertainties, including but not limited to, changes in the market for Internet or distribution services, regulatory and technological changes, economic factors, increased competition, foreign currency devaluation, foreign market risk, and the nature of supplier of customer arrangements which become available to the Company in the future. The Company's actual results may differ materially from the results discussed in or implied by any forward-looking statement. The words "intend," "expect," "should," "project," and "anticipate and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date they were made. SOURCE: Humana Trans Services Holding Corporation
Humana Trans Services Holding Corp. Sells Humana Trans Services Group, Ltd. Subsidiary and Cleans Up Balance Sheet
WEDNESDAY, AUGUST 17, 2005 9:30 AM HANOVER, Md., Aug 17, 2005 (PRIMEZONE via COMTEX) -- Humana Trans Services Holding Corporation (Pink Sheets:HTSC) (http://www.humanaservices.com) has agreed to sell Humana Trans Services Group, Ltd. ("Group") of Hanover, MD. Group is the driver recruiting division and is based in Hanover, MD, and has been the base for the corporate office of HTSC and the office of the President, John P. Daly. A group, headed by Mr. Daly, has completed a purchase of Group for a purchase price of approximately $875,000. This purchase is being paid in the following manner: the assumption of all debts of the subsidiary, totaling $625,000, which is comprised of Federal, State and local taxes and a small amount of trade date, as well as a promissory note in the amount of $150,000, payable over 30 months. The sale of this subsidiary significantly cleans up the balance sheet of HTSC, allowing management to continue its plan to focus on its new direction of "niche" recruitment of high-end professionals in accounting, engineering, legal, architectural, etc. without the tremendous burden of this debt. Group is being purchased by a private group of transportation professionals. Along with Mr. Daly's more than 20 years experience in the field, this gives Group the best opportunity for recovery. Ronald Shapss, Chairman and now CEO of HTSC, stated, "John Daly has been a loyal dedicated leader for our company and will be greatly missed. In light of HTSC's new strategy and with the direction of our new management team, both parties agree that this is in the best interests of all." About Humana Trans Services Holding Corporation Established in 2001, Humana is a reporting, publicly traded company listed currently on the Pink Sheets under the symbol "HTSC". The company is now attempting to enter the professional staffing industry, such as accounting and legal staff, engineers, architects and other professional areas. The statements which are not historical facts contained in this press release are forward-looking statements that involve certain known and unknown risks and uncertainties, including but not limited to, changes in the market for Internet or distribution services, regulatory and technological changes, economic factors, increased competition, foreign currency devaluation, foreign market risk, and the nature of supplier of customer arrangements which become available to the Company in the future. The Company's actual results may differ materially from the results discussed in or implied by any forward-looking statement. The words "intend," "expect," "should," "project," and "anticipate," and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date they were made. SOURCE: Humana Trans Services Holding Corporation
Humana Trans Services Holding Corp. Signs Agreement with Jeff Raymond of Pylon Management to Advisory Board and Consulting Agreement
TUESDAY, JUNE 14, 2005 9:00 AM HANOVER, Md., Jun 14, 2005 (PRIMEZONE via COMTEX) -- Humana Trans Services Holding Corporation (Pink Sheets:HTSC) (http://www.humanaservices.com), is pleased to announce that Jeff Raymond of Pylon Management, Inc., located in Manalapan, New Jersey has joined Humana's Management Advisory Committee and is to consult management in all phases of management of the Company, including, assessing current operations, assessing and overseeing all acquisitions and growth strategies, as well as streamlining all back-office operations into a central operation center in New Jersey, that the Company is already seeking to accomplish. Mr. Raymond's duties will also include assisting Humana to pursue its plans to focus solely on the Staffing and recruitment Industry, and aside from the previously stated duties, what Humana is most excited about, is Mr. Raymond's acquisition expertise and vision he has for our growth strategy. In addition, Mr. Raymond is currently in negotiations with two Northeast US based staffing and recruitment companies with combined revenues totaling approximately $20 million annually. Details of the potential acquisitions will be disclosed over the next several weeks if the acquisition plans proceed. Currently, Mr. Raymond, through Pylon Management, is a consultant to senior management of large national staffing company with revenues of over $100 million. Mr. Raymond, through Pylon Management, also is a consultant to a couple of smaller staffing companies. Ronald Shapps, Chairman of the Board stated, "We are extremely excited with the addition of Mr. Raymond to the Humana Trans Services team. His vision and expertise is vital and missing ingredient to the turnaround and upward strategy for our future." About Humana Trans Services Holding Corporation Established in 2001, Humana is a fully reporting, publicly traded company listed currently on the Pink Sheets under the symbol "HTSC". The company is now attempting to enter the professional staffing industry, such as Accounting and Legal staff, engineers, architects and other professional areas. The statements which are not historical facts contained in this press release are forward looking statements that involve certain known and unknown risks and uncertainties, including but not limited to, changes in the market for Internet or distribution services, regulatory and technological changes, economic factors, increased competition, foreign currency devaluation, foreign market risk, and the nature of supplier of customer arrangements which become available to the Company in the future. The Company's actual results may differ materially from the results discussed in or implied by any forward-looking statement. The words "intend," "expect," "should," "project," and "anticipate," and similar expressions identify forward looking statements. Readers are cautioned not to place undue reliance on these forward looking statements which speak only as of the date they were made. SOURCE: Humana Trans Services Holding Corporation
Humana Trans Services Holding Corp. Announces AccountAbilities Subsidiary
THURSDAY, JUNE 09, 2005 1:00 PM HANOVER, Md., Jun 9, 2005 (PRIMEZONE via COMTEX) -- Humana Trans Services Holding Corporation (Pink Sheets:HTSC) (http://www.humanaservices.com) is pleased to announce the formation of AccountAbilities, a new subsidiary to operate as an accounting staffing group. The group will be headed by Allan Hartley who will serve as President of the new subsidiary. Mr. Hartley has been in the Accounting Placement business over 20 years. He has worked with national companies, Robert Half (RHI) and KForce (KFRC), in executive positions and is the creator of the AccountAbilities business model and concept. AccountAbilities will be positioned in CPA firms around the country. The business model of AccountAbilities developed by Mr. Hartley is similar to that of Resources Connections, Inc. ("RECN"), and Creative Financial Staffing. AccountAbilities will take advantage of the reputation of the CPA firm in their marketplace. The CPA firm through AccountAbilities will be able to offer staffing services in their marketplace and create a profit center. This will differentiate not only AccountAbilities but also the CPA firm in the marketplace. Mr. Hartley projects that AccountAbilities will be in five cities before the end of calendar 2005. The potential revenue for AccountAbilities is approximately $2,000,000 for each office for just the accounting staffing, without adding in any other professional staffing areas. Allan Hartley, President of AccountAbilities stated, "I am very excited joining the HTSC organization and felt with HTSC support structure we could shortly become a national player in the Accounting Field." Hartley added, "AccountAbililities will take advantage of the CPA firms reputation in its local marketplace. The CPA firm through AccountAbilities will be able to offer staffing services in their marketplace and create a profit center. This will not only differentiate AccountAbilities but the CPA firm as well." Ronald Shapps, Chairman of the Board stated, "We are really pleased that we were able to hire someone of Mr. Hartley's caliber. Mr. Hartley is the creator of the AccountAbilities concept and with his strong experience in the accounting and staffing fields and we are very excited with him joining our team. This is the first step in repositioning HTSC for the future. We are going to build on the professional staffing services platform and start with the focus on accounting staffing." About Humana Trans Services Holding Corporation Established in 2001, Humana is a fully reporting, publicly traded company listed currently on the over-the-counter (OTC) market under the symbol "HTSC." The company is primarily engaged in employee leasing and recruitment services in five states and maintains its corporate offices in Hanover, MD, with operations in the Northeast and Florida. HTSC currently provides human resource (HR) outsourcing principally to the transportation industry and to leading Fortune 500 companies including Cardinal Health, Penske Logistics and Royal Ahold. Humans is now attempting to enter the professional staffing industry, such as Accounting and Legal staff, engineers, architects and other professional areas. The statements which are not historical facts contained in this press release are forward looking statements that involve certain known and unknown risks and uncertainties, including but not limited to, changes in the market for Internet or distribution services, regulatory and technological changes, economic factors, increased competition, foreign currency devaluation, foreign market risk, and the nature of supplier of customer arrangements which become available to the Company in the future. The Company's actual results may differ materially from the results discussed in or implied by any forward-looking statement. The words "intend," "expect," "should," "project," and "anticipate” and similar expressions identify forward looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date they were made. SOURCE: Humana Trans Services Holding Corporation About Humana Trans Services Holding Corporation
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