TSR, Inc. Hires Karen Levy from Iprofs LLC

Rhea-AI Summary

TSR, Inc. (NASDAQ: TSRI) announced a strategic hire at its subsidiary, TSR Consulting Services, Inc., appointing Karen Levy, a seasoned industry leader and founder of Iprofs, LLC, to enhance its recruiting capabilities. With over 30 years of experience in IT staffing and a strong client satisfaction record, Levy aims to leverage TSR's advanced recruitment technologies. CEO Thomas Salerno expressed confidence that this move will bolster the company's growth trajectory and strengthen its position in the competitive IT staffing market.

Positive

• Hiring of industry leader Karen Levy to enhance recruitment capabilities.
• Anticipated expansion of services due to access to advanced recruiting technologies.
• CEO's confidence in continued growth and recognition as a premier IT staffing firm.

Negative

• Potential risks related to economic conditions impacting client spending.
• Uncertainties regarding the integration of new hires and maintaining existing client relationships.

HAUPPAUGE, N.Y.--(BUSINESS WIRE)-- TSR, Inc. (Nasdaq: TSRI), a provider of information technology consulting and recruiting services, today announced its main operating subsidiary TSR Consulting Services, Inc. has made a significant strategic hire.

TSR Consulting Services, Inc. is extremely excited to announce the hiring of Karen Levy, Principal Partner of Iprofs, LLC, a woman owned Information Technology Staffing Firm that she founded in 1992. Karen has been providing top tier talent to blue chip clients for over 30 years and has grown into a nationwide leader in permanent placements, staff augmentation, and retained search services.

President and CEO, Thomas Salerno stated, “Karen brings to TSR an unparalleled work ethic, extensive industry knowledge and rock solid relationships. I am confident that our TSR team will help enhance and expand her current level of service, by joining our first in class recruiting team with her superior client satisfaction skills. In turn, Karen’s experience and expertise will certainly be invaluable to our staff.”

Karen Levy stated, ”Joining TSR, provides me with access to a very impressive recruiting engine that uses cutting edge search technologies, which will allow me to expand my capabilities in supporting clients’ needs. I am excited to begin this journey with such a prominent company.”

Salerno added, “This is another strategic move by the company that will help us continue our upward growth trajectory and bring us one step closer to being recognized as the premier IT staffing firm in the nation, which I personally think we already are.”

Certain statements contained herein, including statements as to the Company’s plans, future prospects and future cash flow requirements are forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those set forth in the forward-looking statements due to known and unknown risks and uncertainties, including but not limited to, the following: the statements concerning the success of the Company’s plan for growth, both internal and through the previously announced pursuit of suitable acquisition candidates; the successful integration of announced acquisitions and any anticipated benefits therefrom; the impact of adverse economic conditions on client spending which have a negative impact on the Company’s business, which includes, but is not limited to, the current adverse economic conditions associated with the COVID-19 global health pandemic and the associated financial crisis, stay-at-home and other orders; risks relating to the competitive nature of the markets for contract computer programming services; the extent to which market conditions for the Company’s contract computer programming services will continue to adversely affect the Company’s business; the concentration of the Company’s business with certain customers; uncertainty as to the Company’s ability to maintain its relations with existing customers and expand its business; the impact of changes in the industry such as the use of vendor management companies in connection with the consultant procurement process; the increase in customers moving IT operations offshore; the Company’s ability to adapt to changing market conditions; the risks, uncertainties and expense of the legal proceedings to which the Company is a party; and other risks and uncertainties described in the Company’s filings under the Securities Exchange Act of 1934. The Company is under no obligation to publicly update or revise forward-looking statements.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221101006145/en/

Thomas Salerno, CEO

631-231-0333

tsalerno@tsrconsulting.com

Source: TSR, Inc.

FAQ

What is the significance of Karen Levy's hiring for TSRI?

Karen Levy's hiring is significant as it brings over 30 years of IT staffing experience and expertise, expected to enhance TSR's recruitment capabilities.

How might Karen Levy's experience impact TSRI's growth?

Karen Levy's extensive industry knowledge and client satisfaction skills could facilitate service expansion and boost client engagement, supporting overall growth.

What are the future plans of TSRI following this hiring announcement?

TSRI plans to leverage Levy's expertise to enhance its recruitment services and strengthen its position in the competitive IT staffing industry.

What challenges might TSRI face after hiring Karen Levy?

TSRI may face challenges related to economic conditions that could impact client spending and the integration of Levy into the existing team.