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MSSI Achieves 238% Record Revenue Increase for January 2006 Feb 8, 2006 12:49:00 PM Copyright Business Wire 2006 VIENNA, Va.--(BUSINESS WIRE)--Feb. 8, 2006--
MSSI (OTCBB:MSSI), an established provider of medical personnel, technology services and homeland security products to government and commercial clients, announced record revenue achievement for the month of January.
MSSI reported that it achieved record sales of $1.87 million for the first month of the year. Last year the company reported revenue of $553,957 in January 2005, representing an increase of 238% from 2005 to 2006. The record increase in revenue is primarily attributed to shared revenues and increased demand from MSSI's newly acquired Nurses Onsite Corporation (NOC) subsidiary. The peak in revenue is critical for MSSI, as it is poises itself for further growth this year.
MSSI's President and CEO, Dr. B.B. Sahay, stated earlier this year in a shareholder letter: "One of our primary goals in 2006 is to become profitable. We believe we have made some significant strides with the acquisition of Nurses PRN (now Nurses Onsite) and the successful integration of our management teams. We believe that this integration has added to MSSI the depth and breadth of talent that we need to execute our vision - which is to become a national provider of specialty medical staff in cities across the country and to increase our shareholder value through disciplined, responsible and profitable management."
Dr. Sahay further added, "We are pleased with the results demonstrated so far from Nurses Onsite and look forward to continued growth in our newer markets. We are seeing strong demand in all of our locations and are excited to start off the year in the right direction."
Robert Murphy, Chief Operating Officer of MSSI said, "While our impressive January numbers reflect slight seasonality in certain markets, we are very encouraged by the increases in non-seasonal offices. The strong demand, coupled with our newer cost efficient recruiting techniques, is proving our model to be both scalable and rapidly executable."
More information about MSSI-TeleScience International, Inc. may be found at: www.telescience.com.
For MSSI-TeleScience inquiries, e-mail: investmentrelations*telescience.com.
About MSSI-TeleScience
In operation since 1992, MSSI-TeleScience International, Inc. is a provider of long-term medical personnel, homeland security and technology services to federal, state and local government agencies and to the private sector. The company's Medical Services Division has operations in 22 states servicing hospital and medical facilities with a complete range of medical staff, including doctors, nurses and technicians. The company holds multiple long-term contracts, including those with the U.S. Army, the U.S. Department of Health and Human Services and the state of California.
The company's Technology Division provides systems integration and information technology services to the federal government, as well as emergency equipment, decontamination products, vehicles and supplies to state and local governments.
MSSI-TeleScience International currently has over 200 employees and continues to grow its staff and contracts. For more information, visit the company's website at www.telescience.com.
About Nurses Onsite Corp.
Nurses Onsite is a provider of nurse staffing services to acute care facilities nationwide. The company operates a network of 13 staffing locations in 9 states, serving over 200 hospitals. These locations primarily focus on placing per diem nurses on an "as needed" basis to hospitals facing a critical shortage of staff nurses. Based in West Palm Beach, Florida, Nurses Onsite employs over 1,200 nurses and 30 executive, management and administrative staff. Having grown organically since inception in 2002, the company has been invited into new markets by some of the nation's largest hospital chains because of its cost efficient streamlined delivery model.
Nurses Onsite plans to expand services rapidly by leveraging its recruiting technology in the recently launched National Recruiting Center. For more information, visit the company's website at www.nurses-prn.com.
Legal Notice Regarding Forward-Looking Statements: "Forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. MSSI-TeleScience disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to, risks associated with changes in general economic and business conditions (including in the information technology and financial information industry), actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand, market acceptance of our services and changes in our business strategies.
Source: MSSI-TeleScience International, Inc.
---------------------------------------------- MSSI-TeleScience International Inc. Reeba Magulick 703-637-3245
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This one will go, alot of us bought in last year before it dropped. I am in for the long haul. I think this one has great potential....Guess we will see
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Medical Staffing Solutions Chief Operating Officer Robert P. Murphy, stated, "Given the Company's recent developments, we believe the time has now come to significantly increase our communications with shareholders and the investment community.
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Late Day News, come on .10
