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Published on 11/13/2012 in the Prospect News PIPE Daily.

First Rate Staffing prices $3.2 million secondary stock sale at $2.00

Stockholders expect to sell 1.6 million common shares through offering

By Devika Patel

Knoxville, Tenn., Nov. 13 - First Rate Staffing Corp. priced a $3.2 million secondary offering of stock in a Form S-1 filed Tuesday with the Securities and Exchange Commission.

The selling stockholders will sell 1.6 million common shares at $2.00 apiece.

Based in Santa Fe Springs, Calif., the private company provides staffing to employers.

Issuer:First Rate Staffing Corp.
Issue:Common shares
Amount:$3.2 million
Shares:1.6 million
Price:$2.00
Warrants:No
Pricing date:Nov. 13

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