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MSSI to acquire two staffing agencies
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[QUOTE]Originally posted by QuestSolver: [QB] recap and I see we are finally getting a fair dip to the mid 4's,probably last one today,this is definitely a bell buy and a AM Gapper imo. MSSI/PRN News/DD... MSSI news out- http://ragingbull.lycos.com/mboard/boards.cgi?board=MSSI&read=20142 Other recent news: http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cpr%5C2005%5C05%5C17%5C30701142.html%26clientid%3D168%26provider%3DPR_NEWSWIRE&symbol=MSSI Latest contract wins- http://biz.yahoo.com/prnews/050510/fltu004.html?.v=9 Side note- -CAMP HILL OVER 4000 INMATES AND IS ONE OF THE LARGEST PRISONS IN PENN. http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cpr%5C2005%5C05%5C03%5C30702400.html%26clientid%3D168%26provider%3DPR_NEWSWIRE&symbol=MSSI http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cpr%5C2005%5C04%5C26%5C30701072.html%26clientid%3D168%26provider%3DPR_NEWSWIRE&symbol=MSSI http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cpr%5C2005%5C04%5C18%5C20700501.html%26clientid%3D168%26provider%3DPR_NEWSWIRE&symbol=MSSI http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cpr%5C2005%5C04%5C12%5C30701190.html%26clientid%3D168%26provider%3DPR_NEWSWIRE&symbol=MSSI http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cpr%5C2005%5C04%5C05%5C30703132.html%26clientid%3D168%26provider%3DPR_NEWSWIRE&symbol=MSSI The airforce alone accounts for 3.5 mill in revenue, exisitng contract secure till Sept 07. Side note- http://ragingbull.lycos.com/mboard/boards.cgi?board=MSSI&read=19037 Revenue growth for 2005 copied from recent 10K- We anticipate revenues to grow by approximately $10 million in the fiscal year ending 2005 as a result of new contract proposals presently in the bidding process and pending acquisitions. Revenues in 04 were 6.8 mill. Highlights from recent 10Q(including CEO comments on pending acquisition of Nurses PRN): Gross profit for the quarter ended March 31, 2005, was $520,529, or 32% of revenues, as compared to gross profit of $369,388, or 22% of revenues, for the quarter ended March 31, 2004 (LOSS) BEFORE OTHER INCOME (EXPENSES) (284,397) compared to (432,835) CASH AND CASH EQUIVALENTS - END OF PERIOD $ 1,567,195 compared to $ 3,509 WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING 134,732,159 "Of these, the Company has focused its attention on concluding the Nurses PRN transaction which has proven to be far more difficult than originally anticipated. While no time can be specified, the Company remains confident of the near term successful conclusion of this asset acquisition." "There can be no assurance that a definitive agreement will be entered into with A&T or Nurses PRN. The Company has devoted considerable effort to the negotiation and actions which must be accomplished in conjunction with the Nurses PRN transaction and anticipates a successful conclusion to these efforts." Nurses PRN Projected 20 million in revenue in 2005: MSSI-TeleScience to Nab Nurses PRN VIENNA--MSSI-TeleScience International, Inc., a provider of long-term medical personnel and other services to government, has signed a letter of intent to acquire Nurses PRN, LLC, a healthcare staffing agency with locations in six states. The West Palm Beach firm employs more than 1,000 nurses and projects $20 million in revenue in 2005. Said MSSI CEO B.B. Sahay: "Nurses PRN has perfected the healthcare staffing model, by offering state-of-the-art, immediate staff placement capabilities. This is a highly attractive feature to hospitals and other healthcare facilities that seek to quickly fill open shifts, and are forced to juggle between multiple agencies to fill the staffing voids." PRN recently announces new location...MSSI headquarters! http://www.nurses-prn.com/index.cfm?fuseaction=pages.OfficeLocator& Vienna, VA** 8150 Leesburg Pike Suite 1200 Vienna, VA 22182 - 7714 800-279-9800 Ext. 9070 MSSI-TeleScience International, Inc. Headquarters 8150 Leesburg Pike, Suite 1200 Vienna, VA 22182 - 7714 8. MOBL CEO is on BOD for MSSI QuestSolver| 07-04-05 | 10:10 PM Jay Wright,Corporate secretary, bottom left of that link under Richard the VP He is the corporate secretary for the BOD of MSSI. Here is a PDF link-- look at page two I think. http://www.otcstockexchange.com/pdf/MSSIprofile.pdf I do believe this one is quite capable of moving into the MOBL PPS area easy and soon,look at WHAI and MRN and the sector alone,the PPS is also priced on the future and projections and the sector.Did you see the 10 year projections yet? this sector is getting hotter,look at CCRN,WHAI,MRN and now MSSI. look how they are consoldidating the shares all the way up,they clearly know that MSSI is on the gradual and steady climb,bid support is looking outstanding and I guess now we will probably break the 20mill (now working on 30 mill) mark I was hoping for today!! [/QB][/QUOTE]
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