Resolve Staffing, Inc. (OTCBB:RSFF) announces today that the previously announced debt reduction with the former shareholders of ELS remains subject to formal approval by Resolve’s senior lender, which approval is anticipated once all transaction documents underlying the debt reduction are reviewed by the lender. Once fully approved and implemented, the restructuring will eliminate $6 million in debt and should result in significant decreases in Resolve’s interest expense.
About Resolve HR
Resolve HR (Resolve Staffing, Inc.) is a national provider of Human Resource Outsourcing (HRO) Services with offices reaching from New York to California. The Company employs over 6,000 temporary employees per week and, with the merger with ELS (www.elshr.com), Resolve now manages a PEO payroll of over 12,000 worksite employees in over 40 states with operations and service centers throughout the country.
