Dalrada Financial Corporation Files Annual Report
15 October 2005 - 12:00AM
PR Newswire (US)
SAN DIEGO, Oct. 14 /PRNewswire-FirstCall/ -- Dalrada Financial
Corporation (OTC:DRDF) (BULLETIN BOARD: DRDF) , which provides a
variety of financial services to small and medium-sized businesses,
allowing its customers to outsource many human resources tasks,
today announced its filing of Form 10KSB with the U.S. Securities
& Exchange Commission. The Company reported revenues of $19.5
million for the fiscal year ended June 30, 2005, up 44.4 percent
from revenues of $13.5 million for the fiscal year ended June 30,
2004. Dalrada announced a gross profit of $2.946 million. Services
provided by Dalrada include payroll processing, workers'
compensation insurance, health insurance and employee benefits.
These financial services relieve existing and potential customers
of the burdens associated with personnel management and control.
Dalrada provides services through its wholly-owned subsidiaries and
division, SourceOne Group, Inc., Master Staffing and Heritage
Staffing. The Solvis Group, Inc. (OTC:SLVG), its 90 percent owned
subsidiary, includes several operating units, including
CallCenterHR(TM), Worldwide of California, and M&M Nursing.
These companies and business units provide a broad range of
financial services, including benefits and payroll administration,
health and workers' compensation insurance programs, personnel
records management, employer liability management, and temporary
staffing services, to small and medium-sized businesses. Solvis
also operates Imaging Tech, Inc., whose proprietary product,
PhotoMotion(TM), is a patented color medium of multi-image
transparencies. The process uses existing originals to create the
illusion of movement, and allows for three to five distinct images
to be displayed with an existing lightbox. About Dalrada Financial:
Dalrada Financial Corporation, headquartered in San Diego,
California, provides a number of professional services related to
human resources for businesses. Dalrada provides a variety of
innovative financial services to businesses, including
comprehensive human resource administration and employee benefits
such as health insurance, HSA savings plans, and 401(k) plans.
Dalrada also offers debit card payroll accounts and payroll
advances. These services enable small employers to offer benefits
and services to their employees that are generally available only
to large companies. Dalrada's SourceOne Group(TM), subsidiary is a
professional employer organization, which provides a variety of
personnel and human resources services to small to medium-sized
businesses. Information on the Company is available at
http://www.dalrada.com/. About The Solvis Group: The Solvis Group,
a subsidiary of Dalrada Financial Corporation, includes a number of
operating units, including M&M Nursing Services,
CallCenterHR(TM), and Jackson Staffing. The Company provides a
variety of innovative financial services to businesses, including
comprehensive human resource administration including payroll and
workers compensation insurance; and employee benefits such as
health insurance, supplemental insurance, HSA savings plans, 125
cafeteria plans, and 401(k) plans. The Company also offers debit
card payroll accounts and payroll advances. These services enable
small employers to offer benefits and services to their employees
that are generally available only to large companies. The Company
also includes an imaging products and services unit, Imaging Tech,
Inc., which provides a variety of innovating products and services
associated with graphics, photography, and color management. Its
technologies include ColorBlind(R) software and PhotoMotion
Images(TM). For more information visit The Solvis Group websites
at: http://www.thesolvisgroup.com/, http://www.mandmnursing.com/,
http://www.colorvisuals.com/, and http://www.color.com/. Safe
Harbor: Statements in this press release may constitute
forward-looking statements and are subject to numerous risks and
uncertainties, including the failure to complete successfully the
development of new or enhanced products, the Company's future
capital needs, the lack of market demand for any new or enhanced
products the Company may develop, any actions by the Company's
partners that may be adverse to the Company, the success of
competitive products, other economic factors affecting the Company
and its markets, seasonal changes, and other risks detailed from
time to time in the Company's filings with the U.S. Securities and
Exchange Commission. The actual results may differ materially from
those contained in this press release. The Company disclaims any
obligation to update any statements in this press release. CONTACT:
Brian Bonar, CEO Dalrada Financial Corp. 9449 Balboa Avenue San
Diego, CA 92123 (858) 277-5300 Paul Knopick E & E
Communications 949/707-5365 DATASOURCE: Dalrada Financial
Corporation CONTACT: Brian Bonar, CEO of Dalrada Financial Corp.,
+1-858-277-5300, ; or Paul Knopick of E & E Communications,
+1-949-707-5365, , for Dalrada Financial Corporation Web site:
http://www.thesolvisgroup.com/ Web site: http://www.dalrada.com/
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