ABCOR PRODUCTS, INC. (Pink Sheets: ABPR) announced today that it has entered into an agreement to acquire the capital stock of CARE RECRUITMENT SOLUTIONS INTERNATIONAL, INC. ("CRSI"). The acquisition will be completed approximately ten days after Abcor mails to its shareholders an information statement regarding the transaction. Abcor will issue approximately 90% of its common stock in exchange for the CRSI shares. About CRSI: Care Recruitment Solutions International, Inc. ("CRSI" or "the Company") is an international nurse and medical personnel Staffing and Recruiting Company focused on the sourcing and placement of foreign-trained Nurses, Health Caregivers and other medical personnel for US Hospitals and other health care facilities. CRSI sources quality fully trained and experienced Nurses and other medical staff from selected foreign countries and qualifies them in the UK for employment primarily for the Nursing profession in the USA. . While completing their training and taking the US Nurse Licensing Exam (NCLEX-RN) in the UK and completing immigration formalities, CRSI utilizes the services of these nurses through CRSI-owned nursing and care staffing agencies in the UK thus generating immediate revenues for the Company. CRSI's international headquarters are located in New York City, New York, USA and its European Headquarters and Operations Center are located in the UK. World Nursing Corps ("WNC"), a wholly-owned subsidiary of CRSI, is a global, nurse immigrant total resource and support organization providing a compassionate support system for WNC Member Nurses placed in a new country. Free membership in WNC is limited to Staff that passes through CRSI's recruiting process and have been approved and placed in a position in the USA or any other country. Other levels of membership are available to all nurses and medical personnel worldwide for a token membership fee. Through the WNC Partner Program, WNC offers a range of services to nurses including goods, services and financial products such as mortgages, car loans, branded credit card, insurance as well as managing domestic arrangements for immigrant nurses and their families when relocating to a foreign country. World Nursing Corps is headquartered in New York City, with European offices planned for Geneva and London, England For more information about CRSI please visit our website at: http://www.carerecruitmentsolutions.com/ Note: This press release contains certain "forward-looking" statements as such term is defined in the Private Securities Litigation Reform Act of 1995 and information relating to the Company and its subsidiaries that are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors, the interest rate environment, governmental regulation and supervision, seasonality, distribution networks, product introductions and acceptance, technological change, changes in industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein.
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