SHAREHOLDER ALERT

Pomerantz Law Firm Reminds Shareholders With Losses on Their Investment in Corporate Resource Services, Inc. of Class Action Lawsuit and Upcoming Deadline - CRRS

NEW YORK, NY--(Marketwired - Apr 3, 2015) -  Pomerantz LLP has filed a class action lawsuit against Corporate Resource Services, Inc. ("Corporate Resource Services" or the "Company") (NASDAQ: CRRS) and certain of its officers. The class action, filed in United States District Court, Southern District of New York, and docketed under 15-cv-01632, is on behalf of a class consisting of all persons or entities who purchased Corporate Resource Services securities between July 1, 2014 and February 6, 2015, inclusive (the "Class Period"). This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934 (the "Exchange Act"). 

If you are a shareholder who purchased Corporate Resource Services securities during the Class Period, you have until May 1, 2015 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at [e-mail] or 888.476.6529 (or 888.4-POMLAW), toll free, x237. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and number of shares purchased.

Corporate Resource Services, Inc. provides diversified technology, staffing, recruiting, and consulting services in the United States. It offers companies trained employees in the areas of insurance, information technology, accounting, legal, engineering, science, healthcare, life sciences, creative services, hospitality, retail, general business, and light industrial work.

The Complaint alleges that the Company issued materially false and misleading statements to investors by failing to disclose that its co-employer, Tri-State Employment Services, Inc., had a material unpaid federal payroll tax liability, which would adversely impact the Company and that the Company was not in compliance with the Account Purchase Agreements with Wells Fargo as of November 30, 2014.

On September 29, 2014, the Company announced the abrupt resignation of Defendant Amato on September 28, 2014, who would be replaced by Defendant Holzer.

On February 3, 2015, the Company filed a Form 8-K with the SEC, which revealed that: (i) as of November 30, 2014, the Company was not in compliance with the Net Worth covenant under the Account Purchase Agreements; (ii) on January 27, 2015, the Company learned that TSE had a material unpaid federal payroll tax liability; (iii) on January 28, 2015, Wells Fargo indicated to the Company that it would need to reconsider funding the Company's operations through the Account Purchase Agreement; (iv) on February 2, 2015, TSE filed for bankruptcy.