MANALAPAN, N.J., June 22, 2006 (PRIMEZONE) -- AccountAbilities, Inc. (Pink Sheets:ACBT), an established provider of financial personnel staffing services, professional marketing services, and management consulting services to CPA and other professional firms, announces an increase of their credit facility with Action Capital, from $2.5 million to $5.0 million.
This transaction gives AccountAbilities greater flexibility and the ability to expand into new markets and build new offices and locations at a more aggressive pace.
Allan Hartley, President of AccountAbilities, stated, "We continue to see tremendous opportunities to grow our solid business model in new markets, with new partners and with expanded product lines. The increase in our credit facility will better support this growth and allow us greater flexibility to quickly move into and execute our business strategy in new markets, with new partners and with greater product offerings."
About AccountAbilities Inc.
AccountAbilities is engaged in the professional staffing industry providing accounting through its Accounting/Finance Division and, IT, engineering and scientific through its Technical Services Division. AccountAbilities through its Partner on Premise Program provides accounting (CPA) firms and professional firms and companies the opportunity to partner in AccountAbilities staffing network. The company also offers productivity based staffing solutions through its Workforce Solutions Program.
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," "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.