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APRO News Allegiant Professional Business Services Inc. Signs Strategic Partner Agreement Estimated to Generate Approximately $200 Million in Gross Payroll.
PR Newswire "US Press Releases " MARLTON, N.J., Dec. 16 /PRNewswire-FirstCall/ -- Allegiant Professional Business Services Inc. (Pink Sheets: APRO) has signed a strategic partner agreement with Amerisource Payroll Solutions LLC and its related companies. APRO CEO David Goldberg estimates that the Amerisource business may add $200 million in gross payroll over the next 12 months.
"Amerisource has a proven track record in the staffing and human resources industry," Goldberg said. "We will offer Amerisource clients our expertise in payrolling, workers compensation and benefits."
Allegiant Professional Business Services Inc. provides financial services to small and medium-size businesses, relieving our clients from many of the day-to-day tasks that negatively impact their core business operations, such as payroll processing, human resources support, workers' compensation insurance, safety programs, employee benefits, and other administrative and aftermarket services predominantly related to staffing -- staff leasing, temporary staffing and co-employment. We not only provide core services but a wide selection of employee and employer benefits and aftermarket products.
Safe Harbor:
Statements in this press release that are not historical facts are forward-looking statements, including statements regarding future revenues and sales projections, plans for future financing, the ability to meet operational milestones, marketing arrangements and plans, and shipments to and regulatory approvals in international markets. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the Company's success are more fully disclosed in the Company's most recent public filings with the U.S. Securities and Exchange Commission ("SEC"), including its annual report on Form 10-K for the year ended Sept. 30, 2007, and its subsequent filings with the SEC.
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This is a good move on their part, IMO. love this part "Estimated to Generate Approximately $200 Million in Gross Payroll." nice to hear with the economy the way it is.
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Apro nice news yesterday as well Allegiant Professional Business Services Inc. Begins Use of Advanced HR and Payroll System PR Newswire
MARLTON, N.J., Dec. 15
MARLTON, N.J., Dec. 15 /PRNewswire-FirstCall/ -- Allegiant Professional Business Services Inc. (Pink Sheets: APRO) has signed a leasing agreement to use a new high-performance payroll and HR software package as a result of increased business volume, a spokesman said.
David Goldberg, CEO of APRO, said the company will use the HRPyramid software from F.W. Davison and Company Inc. "HRPyramid is developed on the most advanced and efficient platform today," he said. "APRO has added a significant number of clients in recent months and we are planning for extensive grown in 2010. HRPyramid will help us with our 10,000 plus employee client base and planned growth."
The HYPryamid software is designed to increase accuracy and be more efficient. It will allow clients access to information about their employees with web-based self service, Goldberg said.
Allegiant Professional Business Services Inc. provides financial services to small and medium-size businesses, relieving our clients from many of the day-to-day tasks that negatively impact their core business operations, such as payroll processing, human resources support, workers' compensation insurance, safety programs, employee benefits, and other administrative and aftermarket services predominantly related to staffing -- staff leasing, temporary staffing and co-employment. We not only provide core services but a wide selection of employee and employer benefits and aftermarket products.
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Allegiant Professional Business Services Announces Stock Buy-back Program
ANAHEIM, Calif., July 30, 2009 /PRNewswire-FirstCall via COMTEX/ -- Allegiant Professional Business Services Inc. (Pink Sheets: APRO) a premier provider of financial services to small and medium-size businesses, today announced that its board of directors has approved the repurchase of up to an aggregate of 15,000,000 shares of its common stock.
David Goldberg CEO and Chairman of Allegiant stated, "Based on current market prices, our board and management have considered the current market price of our stock and have decided to introduce a share repurchase program of our common stock". Goldberg continued, "We believe that our stock is undervalued and that the repurchase program is a good investment".
The purchases may be made, from time to time, on the open market in compliance with Rule 10b-18 and will be funded from available working capital. The number of shares to be purchased and the timing of the purchases will be based on the level of cash balances, general business conditions and other factors.
Allegiant Professional Business Services Inc. provides financial services to small and medium-size businesses, relieving our clients from many of the day-to-day tasks that negatively impact their core business operations, such as payroll processing, human resources support, workers' compensation insurance, safety programs, employee benefits, and other administrative and aftermarket services predominantly related to staffing -- staff leasing, temporary staffing and co-employment. We not only provide core services but a wide selection of employee and employer benefits and aftermarket products.
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APRO is pleased to announce as a result of high demand for its client benefit programs, it is offering enhanced health and insurance benefits for its 10,000 plus-employee client base
"We began the benefit program several months ago," said CEO David Goldberg. "It has succeeded beyond our expectations."
Goldberg said APRO hopes to sign at least 25 percent of its employee client base to the programs
The rates allow small to medium size businesses to offer benefits to employees who might otherwise lack coverage. "This is one of the further benefit services that Allegiant offers to its clients and client employees that distinguishes us from other professional employment companies," said Goldberg
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APRO now employs 10,000 workers nationwide, representing Annualized sales of approximately $285M
Reports from the Bureau of Labor Statistics report the median personal income in the US is $28,567. Based on this number, APRO is now processing approximately $285,670,000 in annual payroll
David Goldberg, Allegiant's CEO said, "This marked increase is largely due to our aggressive marketing and sales campaign, emphasizing APRO's suite of benefits and services that have proved very attractive to small to mid-size businesses." Goldberg continued, "Our Staffing, PEO staffing services and top-quality employee benefits, including high-quality health care coverage, subject to underwriting, for as low as $199, have been extremely successful."
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ANAHEIM, Calif., July 23 /PRNewswire-FirstCall/ -- Allegiant Professional Business Services Inc. (Pink Sheets: APRO) now employs 10,000 workers nationwide, representing Annualized sales of approximately $285M.
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