Corporate Resource Services Enters into a $12 Million Debt Conversion Agreement

Corporate Resource Services, Inc. (OTCBB: CRRS), a national provider of temporary and permanent staffing services (the "Company"), announced today that it entered into a Conversion Agreement dated as of March 30, 2012 (the "Agreement") with TS Employment, Inc. and its affiliates (collectively, "TSEI"). Pursuant to the Agreement, TSEI converted $12 million of debt owed to it by the Company in exchange for 25,962,788 shares of the Company's common stock, ...continued CRRS

URL: http://www.investorpoint.com/news/MERGERAC/50680303/