CHALFONT, Pa., March 11 /PRNewswire-FirstCall/ -- ClearPoint Business Resources, Inc. ("ClearPoint" or the "Company"), a provider of innovative workforce management solutions and services, today provided an update on the progress of its iLabor platform.
iLabor
The iLabor network is a proprietary technology platform that provides ClearPoint with the ability to offer its customers a comprehensive web-based portal to streamline the process involved in procurement and management of contingent workforces through a network of over 1,000 suppliers. The iLabor platform provides the customer the ability to consolidate its vendor base with one contract and one contact point, ClearPoint, to order temporary staff on a national scale, without the requirement to implement costly systems integrations. The iLabor platform is a novel method of staffing a contingent workforce, reflecting what ClearPoint believes is a major shift in the industry, which is being well received by significant users of temporary staffing.
The efficiencies created by the iLabor technology and ease of use allow customers greater control, visibility and compliance in their procurement of contingent labor. Since the introduction of iLabor, ClearPoint has attracted a number of high profile Fortune 500 customers, including Boise Cascade.
Mike Traina, CEO of ClearPoint, commented, "We believe that iLabor establishes a new level in procurement practices for contingent labor. More than $100 billion is spent annually on temporary staffing in the U.S. alone. iLabor provides customers access to a cost competitive virtual web-based marketplace. In an uncertain economic environment, companies will look to further improve how they buy temporary labor. iLabor is the most efficient vehicle on the market to help them achieve their goals."
Forward Looking Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements involve risks and uncertainties that could cause results or outcomes to differ materially from those expressed in the forward-looking statements. Forward-looking statements may include, without limitation, statements relating to ClearPoint's plans, strategies, objectives, expectations and intentions and are intended to be made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Some of the forward-looking statements can be identified by the use of forward-looking terms such as "believes," "expects," "may," "will," "should," "could," "seek," "intends," "plans," "estimates," "anticipates" or other comparable terms. The risks and uncertainties discussed in the section "Risk Factors" included in the reports filed by ClearPoint with the SEC should be considered in evaluating ClearPoint's forward-looking statements. Such risk factors could cause actual results to differ materially from those in the forward-looking statements. You should not place undue reliance on ClearPoint's forward-looking statements. Further, any forward-looking statement speaks only as of the date on which it is made, and ClearPoint undertakes no obligation to update or revise any forward-looking statements.
About ClearPoint
ClearPoint Business Resources, Inc. is a leading Workforce Management Solutions provider to clients ranging from small businesses to Fortune 500 companies. Its iLabor technology-based workforce management platform and its network of vendors provide customized workforce solutions with performance-based deliverables, creating increased productivity. The Company's services can streamline and optimize the complex processes involved in the procurement and management of a contingent workforce. This unique approach, which is being adopted rapidly by corporate customers, puts ClearPoint at the forefront of the rapidly evolving Human Capital industry.
For more information about ClearPoint, visit http://www.clear-point.com/.
Contact Information
Mike Traina, CEO
ClearPoint Business Resources, Inc.
(215) 997-7710
