Corporate Resource Services Acquires Cameo

April 21, 2011 – Corporate Resource Services, Inc., a national provider of temporary and permanent staffing services, has announced that its subsidiary Diamond Staffing Services, Inc., has acquired substantially all the assets of Cameo Personnel Systems, Inc., a provider of temporary and permanent employment staffing services. Cameo provides its services to clients in light industrial businesses through offices located in New Jersey. The company recorded aggregate annual revenues in excess of $12 million in its last year. The purchase price was approximately $750,000. “This acquisition, both strategically and geographically, fits well with Diamond's and CRS's existing lines of business,” said Jay H. Schecter, CEO of CRS. “We continue to see acquisition opportunities in the marketplace and intend to capitalize on those opportunities and enhance shareholder value.”