HANOVER, Md., Aug. 18, 2005 (PRIMEZONE) -- Humana Trans Services Holding Corporation (Pink Sheets:HTSC) (http://www.humanaservices.com), as previously stated, is moving and consolidating its corporate infrastructure to a central accounting and operations center in Freehold, New Jersey. HTSC has also decided to relocate its corporate offices to Freehold, New Jersey since the agreement to sell the Humana Trans Services Group, Ltd. ("Group") subsidiary, Mr. Daly's resignation, and to accommodate Chairman and CEO Ronald Shapss, as well as new management members Jeff Raymond of Pylon Management and Alan Hartly, President of HTSC's subsidiary Accountabilities, Inc.
Ronald Shapss, Chairman and now CEO of HTSC, stated, "The consolidation and restructuring we have been engaged in, is starting to really take shape. We have significantly reduced debt and overhead and with the help of Jeff Raymond and his group of professionals, this will provide the infrastructure and systems needed to assist our current CFO, George Riggs, and his team in preparing HTSC for the tremendous growth we envision over our next fiscal year."
About Humana Trans Services Holding Corporation
Established in 2001, Humana is a reporting, publicly traded company listed currently on the Pink Sheets under the symbol "HTSC". The company is now attempting to enter the professional staffing industry, such as accounting and legal staff, engineers, architects and other professional areas.
The statements which are not historical facts contained in this press release are forward looking statements that involve certain known and unknown risks and uncertainties, including but not limited to, changes in the market for Internet or distribution services, regulatory and technological changes, economic factors, increased competition, foreign currency devaluation, foreign market risk, and the nature of supplier of customer arrangements which become available to the Company in the future. The Company's actual results may differ materially from the results discussed in or implied by any forward-looking statement. The words "intend," "expect," "should," "project," and "anticipate and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date they were made.