Mastech Holdings, Inc. Sells Brokerage Operations Staffing Unit
13 January 2010 - 8:30AM
PR Newswire (US)
PITTSBURGH, Jan. 12 /PRNewswire-FirstCall/ -- Mastech Holdings,
Inc., (NYSE Amex: MHH), a national provider of Information
Technology Staffing services, announced today the sale of its
brokerage operations staffing subsidiary, Global Financial Services
of Nevada ("GFS"). (Logo:
http://www.newscom.com/cgi-bin/prnh/20080508/NETH059LOGO-b ) The
sale was a stock for contingent cash transaction, and was completed
on January 11, 2010. The purchaser was William Gorman, former vice
president of the brokerage operations unit. Commenting on the
transaction, Thomas Moran, Chief Executive Officer of Mastech
stated, "the divestiture of GFS will have a minimal impact on the
Company's overall profitability in 2010 and will allow management
to better focus on the Company's core IT staffing operations."
About Mastech Holdings, Inc.: Leveraging the power of 20 years of
IT experience, Mastech (NYSE Amex: MHH) provides Information
Technology Staffing services in the disciplines which drive today's
business operations. More information about Mastech can be found at
Mastech's website: http://www.mastech.com/.
http://www.newscom.com/cgi-bin/prnh/20080508/NETH059LOGO-bDATASOURCE:
Mastech Holdings, Inc. CONTACT: Donna Mascia, Manager, Investor
Relations of Mastech Holdings, Inc., 1-888-330-5497 Web Site:
http://www.mastech.com/
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