Tuesday, March 13, 2007
Warning Management Services, Inc. Acquires YESSnet Inc. and Its Subsidiaries
Warning Management Services, Inc. Acquires YESSnet Inc. and Its Subsidiaries
Tuesday March 13, 9:30 am ET
LOS ANGELES, March 13, 2007 (PRIME NEWSWIRE) -- Warning Management Services, Inc. (Other OTC:WNMI.PK - News) today announced that Warning Management Services Inc., Premier Staffing Inc., YESSnet, and Evolution Ventures LLC and their shareholders of record have signed a definitive agreement whereby Warning has acquired of all of the outstanding shares of the capital stock of companies and their operating units.
The YESSnet.com online database delivers a fast, user-friendly service that allows clients to pinpoint specific needs and then access its secure database of over 19,000 trained promotional models, staffing and field staffing personnel for special events, tradeshows and conferences.
Maria Cook, president of Premier and YESSnet will remain in her current position as president of the respective companies.
``We are extremely excited about the acquisition of YESSnet and Premier,'' said John Capezzuto, Warning's CEO. ``The integration of YESSnet and Premier Staffing under the WARNING umbrella will provide the unique opportunity to leverage our entertainment and marketing relationships and diversify our revenue streams.'' Capezzuto continued, ``Warning looks forward to working with Ms. Cook to significantly expand YESSnet's growing business. Maria is the inspiration behind Premier and YESSnet, and her extensive track record in the commercial modeling and staffing business is a perfect compliment to Warning's existing management team. Capezzuto added, ''Warning continues to expand its business and justify its business model of providing, visual marketing services and management infrastructure controls to grow our business with the experts that founded them.``
Maria Cook, president of YESSnet, said, ``I am pleased that YESSnet is now part of team Warning. This alliance will allow YESSnet to expand into other related markets. As for event staffing, the trend is growing. Overall, marketers are upping the ante when outlining job specs for their event staff. Marketers have gotten smarter about hiring event brand ambassadors who look professional and can deliver the brand message. They're close to the action, which means that what they see and hear is valuable. Brand ambassadors once used as mere ''feet on the street`` are becoming much more important in a number of ways. Marketers rely on the reps they hire, through staffing agencies such as YESSnet to qualify prospects, rate customer interactions and track leads. Technology is also giving our brand ambassadors additional tools. Our reps are now capable of roaming events with tablet PCs, web-enabled PDAs, and camcorders, allowing them to do more than communicate a message. They can now beam data, customers' names, and demographic info, even photos and survey responses back to our clients in real time. Entrusting brand ambassadors with reporting responsibility makes them want to do more.'' Ms. Cook continued, ``Brand ambassadors finally are being embraced as a key link between brand and customer.''
About YESSNET Inc.
YESSnet (http://www.yessnet.com) is the world's largest online marketplaces for event staff and modeling talent. Representing over nineteen thousand (19,000), YESSnet connects thousands of event staff and models across North America to promotional and marketing companies, allowing them to staff events wherever, whenever. YESSnet provides matching and bidding services across a wide range of event categories ranging from high profile runway presentations to national campaigns of in-store promotions and mobile marketing tours. The YESSnet online platform is unique in its ability to match cost effectively the looks and presence required for an event with the talent available locally.
About Warning Management Services Inc.:
Warning Management Services, Inc., founded in 1998, through its Uber Models and Warning Model Management divisions, develops and supplies models for fashion editorials in magazines, catalogs and newspaper advertisements and for advertising clients who use models in posters, websites, billboards and other outlets. Warning Model Management (http://www.warningmanagement.com) models also make TV, video and personal appearances. Its other divisions include the Speed Magazine, the Uber Girl and Uber Vintage Clothing.
The company also owns Employment Systems, Inc. (http://www.employmentsystems.com), which provides staffing services, employer business solutions and business processing services to municipalities and small and medium-size businesses throughout Southern California. Its customers outsource many administrative tasks associated with human resources management to Warning. Services include payroll processing, workers' compensation insurance, employee benefits (including 401k and health insurance plans), and business risk management.
About Uber-Warning Inc.
Uber-Warning Inc. (Uber-Warning Models) (http://www.ubermodels.com) founded in 1999, has provided and developed models for all aspects of the modeling and talent industry including print, runway, showroom and spokes modeling. In addition to direct booking, Uber has placed models with agencies worldwide.
Warning Magazine (http://www.warningmagazine.com), launched in 2002 as part of Uber-Warning Inc., is a full color college entertainment magazine, available free to students and readers in 15 cities nationwide. 150,000 copies of Warning Magazine will be distributed seven times a year in Athens, Baton Rouge, Birmingham, Bloomington, Gainesville, Knoxville, Lafayette, Louisville, Los Angeles, Memphis, Nashville, New Orleans, Tallahassee, Tempe and Tuscaloosa. Readership demographic includes male and female audiences ages 17-29. Editorial focuses on trends, fashion, music, technology, relationship issues, career development, current events, social life, student concerns, health, dining and sports.
Ubergirl (http://www.theUbergirl.com), Uber-Warning Inc.'s talent division, supplies promotional models for special events, tradeshows and conferences. Additionally, Ubergirls are featured in film, television and commercials.
UberVintage (http://www.UberVintage.com) designs, sells and distributes vintage t-shirts and original design t-shirts. The products will be available online and in specialty boutiques nationwide.
Warning TV (http://www.Warningtv.tv) is a social networking community and a viral video network. Warningtv.tv will empower independent artists to showcase their works as well as create revenue for such works. The core demographic is ages 18-28.
John Capezzuto has been CEO of Warning since January of 2007 and was COO and a member of the Board of Directors of Warning Management Services Inc. since 2005. He is also board member of The Solvis Group, Inc., which includes a number of operating units, including M&M Nursing Services and CallCenterHR(tm). The Company provides a variety of staffing services to businesses, including comprehensive human resource administration, payroll services, workers compensation and risk management insurance, and employee benefits such as health insurance, supplemental insurance, HSA plans, 125 cafeteria plans, and 401(k) plans. The Company also includes an imaging products and services unit, Imaging Tech, Inc., which provides a variety of innovative products and services associated with graphics, photography, and color management.
Statements in this press release that are not historical facts are forward-looking statements, including statements regarding future revenues and sales projections, plans for future financing, the ability to meet operational milestones, marketing arrangements and plans, and shipments to and regulatory approvals in international markets. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the Company's success are more fully disclosed in the Company's most recent public filings with the U.S. Securities and Exchange Commission (``SEC''), including its annual report on Form 10-K for the year ended Dec. 31, 2002, and its subsequent filings with the SEC.
Warning Management Services Inc.
Uber-Warning Inc./Warning Model Management LLC
William S. Whitfield
Source: Warning Management Services, Inc.
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