MANALAPAN, N.J., March 8, 2007 (PRIME NEWSWIRE) -- AccountAbilities, Inc. (Pink Sheets:ACBT), a provider of financial personnel staffing services, professional marketing services, and management consulting services to CPA and other professional firms, announces the hiring of Stephen DelVecchia as Chief Financial Officer.
Mr. DelVecchia brings an extensive track record in financial and strategic leadership for growth companies ranging from Fortune 1000 to middle market. Most recently Stephen led the finance function of Geller & Company, one of the largest full service outsourcers of financial and accounting services, where he led Geller through various merger, acquisition and investor related activities, re-engineered all financial and accounting practices and systems, and was later appointed Co-COO of its private equity accounting and administration division. From 2000 until 2003, Stephen was the Chief Financial Officer of Corbis Motion, an international media licensing company purchased in 2002 by Corbis; a company owned 100% by Bill Gates, from top tier venture capitalists. At Corbis Motion, Stephen led the finance function, raised capital, ultimately led the successful sale to Corbis and was also appointed COO of Corbis' rights and clearance division. Prior to Corbis, Stephen was the Chief Financial Officer of Cybershop International, a NASDAQ National Market online retailer, and was the Manager of Financial Reporting for Barnes & Noble where he participated in the successful IPO of barnesandnoble.com. Stephen earned his CPA license while he was an auditor at the public accounting firm of Grant Thornton International.
Allan Hartley, President of AccountAbilities, stated, "The addition of Steve comes at an exciting time in the growth of our Company. Steve will be instrumental in helping us achieve our goals and is another great hire to round out our already impressive management team. Adding someone with his background shows our commitment to building a strong infrastructure to support our rapidly growing business."
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. http://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 professional staffing services, regulatory and technological changes, changes in levels of unemployment and other economic factors, increased competition, the ability to attract and retain customers, the availability of qualified candidates for placement by the Company and the possibility of the Company incurring liability for activities of the employees and contractors that it places with its customers. 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.