The Resourcing Solutions Group, Inc. Reports Nearly $1 Million Increase in Net Income Over 2005

CHARLOTTE, N.C., May 17  /PRNewswire-FirstCall/ -- The Resourcing Solutions Group, Inc. (OTC Pink Sheets: RSGX) is pleased to announce that the Company reported a nearly $1 million gain in Net Profit in 2006 over the previous year. The Company's 2006 audited financials are now posted on its Web site (http://www.trsginc.com/)

The Company reported $4,737,274 in Sales in 2006, up from $2,240,843 in 2005, representing more than a 110 percent increase. Gross profit on sales, before operating expenses, was $1,352,472, up from $551,501 in 2005. Operating expenses decreased by almost $300,000 during 2006. The Resourcing Solutions Group focused on restructuring in 2005 with the goal of increasing assets and turning a profit. In 2006 the Company focused on acquisitions and expanding their services into an all-inclusive human resource, payroll and insurance provider.

"Last year was one of stabilization for us. Through acquisitions and mergers we increased the Company's assets by more than $1.7 million and our net income went from a negative to a positive. Looking ahead we see additional acquisitions furthering our growth and we have a much stronger team and business model to work with," sated Gary Musselman, President and CEO of The Resourcing Solutions Group, Inc.

About The Resourcing Solutions Group, Inc.:

The Resourcing Solutions Group, Inc. (OTCPK: RSGX) is a workforce management company that has evolved into providing complete human resource, payroll and insurance products for corporate clients and non-profit organizations. TRSG provides integrated systems combining many necessary but non-revenue producing internal processes into a single system allowing management to reduce costs and concentrate on its core business.

Statements contained in this news release, other than those identifying historical facts, constitute 'forward-looking statements' within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements. 

DATASOURCE: The Resourcing Solutions Group, Inc.



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Web site:  http://www.trsginc.com/ 

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