PBHG PBS Holding Inc (CE)

PBS Holding, Inc. (OTCBB:PBHG), whose subsidiaries operate in the human resources outsourcing services sectors, is pleased to announce that it generated record net revenue during its second quarter ended June 30th, 2006. Net revenue for the period increased to approximately $1.56 million compared to approximately $1.22 million for its second quarter of 2005, a 27% increase, which reflected an increase in business due to the Company's aggressive marketing efforts. This represents the ninth consecutive quarter of year-over-year growth for PBS Holding, Inc. Net loss for the period was approximately $252,555, as compared to a net profit of $85,371 in for the period ending June 30, 2005. "We are very pleased with our sequential growth in net revenue for our second quarter of 2006, which we believe establishes solid momentum for the remainder of 2006," says Rick Matthews, President and CEO of PBS Holding, Inc. "The results of our sales training program -- PBS Action Selling -- continues to accelerate sales activity and enhance margins," notes Mr. Matthews. "PBS Action Selling allows us to effectively determine our customers' needs and provide effective solutions while conveying the value of our services." "Costs were in line with our expectations, which included certain one-time and non-cash items," adds Mr. Matthews. "Moving forward our goal is to see operating costs come back in line with our historical model." For PBS Holding, Inc., financial results please refer to our 10-QSB filed 8-11-06, which may obtained at www.pbs-sa.com. About PBS Holding, Inc. PBS Holding, Inc. operates in the Human Resources Outsourcing Services Sectors, specifically the Professional Employer Organization industry and the Temporary Staffing Services industry through its subsidiaries Primary Business Systems LLC, Primary HR Services LLC and Concord Staffing Services. The subsidiaries of PBS serve small to medium-sized businesses by outsourcing the human resource burden of reporting, regulations, legalities, screening and administration. PBS Holding helps clients compete more effectively by allowing them to focus their resources on serving customers and building their business. PBS is becoming an end-to-end business services company with a value proposition that integrates HR, insurance and related business services. Forward-Looking Information and the Private Securities Litigation Reform Act of 1995 This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of PBS Holding, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions, as well as risk factors contained in our periodic reports filed with the SEC. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.