MANALAPAN, N.J., Jan. 31, 2006 (PRIMEZONE) -- AccountAbilities, Inc. (Pink Sheets:ACTB) announced today that it has entered into a CPA Partnership Contract with Eisner LLP, one of the largest CPA firms in New York City.
This CPA Partnership Contract builds upon AccountAbilities platform in the Professional Accounting and Financial Staffing arenas. Commenting on the Partnership, Allan Hartley, President of AccountAbilities, stated, "The completion of this agreement is in accordance with our plans to enter specific business segments that seamlessly integrate into our operations and our commitment to grow this business segment."
AccountAbilities expects more contracts with major CPA firms in other markets as part of our overall growth in this sector. This contract, along with our other acquisitions and CPA firm contracts, only serves to validate our strategy going forward.
In addition to previously announced contracts, AccountAbilities is on a current run rate of approximately $28 million, and anticipates profitability in 2006. The company will continue to grow organically and through continued acquisitions. As well, the company plans to apply for a listed exchange sometime in the fourth quarter.
About Eisner LLP
Eisner LLP is ranked as one of the top certified public accounting and advisory firms in the country -- and is also respected as a leading regional firm in the Northeast. Large enough to offer a full range of business services, yet small enough to ensure personalized attention, they have been serving the diverse business needs of clients for 40 years.
About AccountAbilities, Inc.
AccountAbilities is a Publicly Traded Company listed on the Pink Sheets under the Symbol "ACTB". The Company is engaged in the professional staffing industry, providing Accounting, Finance, Engineering and Work Force Solutions. (www.aabilities.com)
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.