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DALRADA FINCL CP (U-DRDF) - News Release Dalrada Acquires Canadian Nurse Staffing Firm, Master Staffing, Inc.; Potential Annualized Revenue Increase of $3,000,000 2005-03-07 08:02 ET - News Release
Also News Release (U-QPIX) QUIK PIX INC
SAN DIEGO, March 7 /PRNewswire-FirstCall/ -- Dalrada Financial Corporation (BULLETIN BOARD: DRDF) announced today that it has acquired the assets of Master Staffing, Inc., ("MSI"), a Canadian nurse staffing company.
Master Staffing, Inc., ("MSI") is a major supplier of nurses and healthcare professionals to hospitals and other healthcare facilities throughout Canada and the United States. Canadian based nurse staffing companies have the ability to facilitate the placement of Canadian and foreign-trained nurses in the United States.
Master Staffing, Inc., ("MSI") provides travel nurses and contract nurses. The Company places nurses on short term assignments as well as permanent placements. MSI also provides training to qualify foreign-trained nurses for US assignments at their Canadian facility. The training consists of certified nurse education programs leading to a degree or certificate, as well as NCLEX test preparation and exams.
Dalrada's chairman, Brian Bonar said, "Master Staffing, Inc. establishes the capability of providing our clients one stop shopping for any type of nurse staffing in the US or Canada. This is a significant step in our strategy of becoming a major force in specialized staffing services." Bonar continued, "With the acquisition of MSI, Dalrada is able to obtain the services of a seasoned nurse recruiting staff, complementing our subsidiary M and M Nurse Staffing Services, Inc. which already provides nurses in the Detroit, Michigan and San Antonio, Texas areas."
Robert McArthur, Chief Executive Officer of Master Staffing, Inc., ("MSI"), stated, "By joining Dalrada, we now establish a dominant presence in the US, that presence enables us to satisfy the requirements we already have from eight major US hospitals drawing from our extensive data base of nurses wishing to work in the US." McArthur further stated, "Should we be successful in placing just 30% of the contracted hospital requirements, we will generate approximately $3,000,000 in gross revenues for Dalrada during the next twelve calendar months." Initial revenues will appear in the quarter ending June 3, 2005.
About Dalrada Financial Corp.
Dalrada Financial Corporation (BULLETIN BOARD: DRDF) was founded in 1982. Headquartered in San Diego, California, the Company provides a variety of professional services related to human resources to businesses.
In addition to its temporary staffing business, Dalrada provides a variety of innovative financial services to businesses, including comprehensive human resource administration and employee benefits such as health insurance, HSA savings plans, and 401(k) plans. Dalrada also offers debit card payroll accounts and payroll advances. These services enable small employers to offer benefits and services to their employees that are generally available only to large companies.
Information on the Company is available at the Dalrada Financial Web site at http://www.dalrada.com/.
A number of Dalrada's subsidiaries, including SourceOne Group(TM), a professional employer organization, provide a variety of personnel and human resources services to small to medium-sized businesses. Further information can be obtained on the following internet site: http://www.sourceonegroupinc.com/.
About Master Staffing, Inc.
Master Staffing, Inc., ("MSI") is a Canadian/American healthcare staffing firm founded in 1992. Specializing in recruiting registered and practical nurses other healthcare professionals qualified to fill permanent and Travel positions with Hospitals and other healthcare facilities throughout Canada and the United States. Information on the company is available on the Master Staffing Web Site at http://www.withmsi.com/.
About Quik Pix Inc
Established in 1982, QPI (Pink Sheets: QPIX) is a subsidiary of Dalrada Financial Corporation (BULLETIN BOARD: DRDF) . The Company is a premier visual marketing support firm. Located in Buena Park, California, QPI provides a spectrum of services to produce fine color visuals, both digital and photographic, using state of the art technology. Its premier product, the patented PhotoMotion images(TM) multi-image transparencies, is a unique color medium that uses existing originals to create the illusion of movement and allows for three to five distinct images to be displayed with an existing lightbox. QPI visual marketing products are sold to a wide range of varied clientele including advertisers and their agencies. Information on the Company is available at its web site: http://www.colorvisuals.com/.
Quik Pix produces, develops, manufactures, licenses and distributes high-quality digital imaging, color management and color profiling solutions for everyone from major corporate customers to individuals using the Internet. It serves the worldwide needs of digital imaging with its award winning ColorBlind(TM) products http://www.color.com/
About The Solvis Group
The Solvis Group, a subsidiary of Dalrada Financial Corporation (BULLETIN BOARD: DRDF) , consists of InfoServices, M & M Nursing Services and Call CenterHR.
InfoServices, Inc. (ISI) is a minority business enterprise (MBE) headquartered in Madison Heights, Michigan. The company offers a variety of information technology services and products for automatic data collection (AUTO-ID) and RFID, wireless infrastructure, hardware/software staging, inventory/material management, and IT staffing/personnel services. ISI's customer base includes such companies as Delphi, DaimlerChrysler, IBM and Ford Motor Company. In addition it has partnership programs with nationally recognizable Fortune 500 companies such as Sony, EDS, PeopleSoft, Oracle, and Microsoft. ISI was most recently awarded vendor of the year for Delphi. For more information visit the InfoServices website at http://www.infoservices-usa.com/.
M & M Nursing Services, headquartered in Southfield, MI, provides services to hospitals throughout the Metropolitan Detroit and San Antonio markets. The company specializes in supplying nursing professionals to both hospitals and other health care facilities on a temporary/full time basis. In addition, due to its strong reputation in the health care market, M & M has expanded into the home health care industry. For more information visit the M & M Nursing Services website at http://www.mandmnursing.com/.
Call CenterHR, headquartered in Jackson, MI, is the leading provider of Human Resource solutions to the Call Center industry. With over 700 employees located at facilities in Jackson, MI and Johnstown, PA, Call CenterHR specializes in providing cutting edge human resource solutions that allow its clients to run their operations more efficiently and effectively. As one of the largest employers in both markets, Call CenterHR provides its employees excellent opportunities for growth and development within the organization.
Statements in this press release may constitute forward-looking statements and are subject to numerous risks and uncertainties, including the failure to complete successfully the development of new or enhanced products, the Company's future capital needs, the lack of market demand for any new or enhanced products the Company may develop, any actions by the Company's partners that may be adverse to the Company, the success of competitive products, other economic factors affecting the Company and its markets, seasonal changes, and other risks detailed from time to time in the Company's filings with the U.S. Securities and Exchange Commission. The actual results may differ materially from those contained in this press release. The Company disclaims any obligation to update any statements in this press release.
CONTACT: Brian Bonar, Chief Executive Officer Dalrada Financial Corporation 9449 Balboa Avenue, San Diego, CA 92123 (858) 277-5300, bbonar@dalrada.c Dalrada Financial Corporation
CONTACT: Brian Bonar, Chief Executive Officer of Dalrada Financial Corporation, +1-858-277-5300, bbonar@dalrada.com
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