Subject: Wall-Street-Reader-CSRV

From: "WALLSTREETREADER" <[email-masked]>
Date: Mon, 19 Jul 2004 16:54:43 -0500

WALL STREET READER

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Certified Services, Inc.

Symbol OTCBB: CSRV

Category: HR

Shares Outstanding: 14,547,811

Float (Estimate): 3,790,209

Current Price: $1.14

Price Target: $3.18*

CSRV: Certified Services, Inc. Gross Revenues of $78.5 Million! Profitable With Earnings of $0.27 Per Share!

On 6/30/2003 our newsletter featured SLRXF an emerging pharmaceutical company at a price of $0.40 per share. SLRXF currently trades at $2.00 per share, a gain of 400%.

When we featured CSRV in 2002 the Company boasted $40.4 million in gross revenue. In 2003 CSRV achieved a 95% increase in gross revenue nearly doubling it’s gross revenue to $78.5 million in only one year. Once again our current featured stock in this is CSRV.

COMPANY PROFILE

A Nevada corporation headquartered in Fort Lauderdale, Florida, Certified Services, Inc. (OTCBB: CSRV) is a holding company of Professional Employer Organizations or PEO’s throughout the United States. Through its wholly owned operating subsidiaries, the company provides a wide range of services including: payroll processing, human resources administration, employment regulatory compliance management, risk management, workers’ compensation services, and health care programs. CSRV is among the five largest publicly traded PEO’s in the USA.

RECENT DEVELOPMENTS

5-12-04 (Business Wire)—Certified Services, Inc. (OTCBB: CSRV), a leading provider of human resource management services, today announced results for the first quarter of 2004. Net revenues were $24,261,633 compared to $12,712,527 in the prior year’s quarter, an increase of 91%.

4-23-04 (Business Wire)—Certified Services, Inc. (OTCBB: CSRV) today announced that it has closed its $8.5 million financing with Laurus Master Fund, Ltd. The financing consists of a Secured Convertible Term Note bearing interest at the rate of prime plus two and one-half percent (2.50%).

MARKET POTENTIAL AND OVERVIEW

There are unprecedented demands on those who manage human resources to reduce overhead, contain costs, and simultaneously gain in workforce productivity. CSRV targets businesses in the U.S. that employ 500 or fewer workers. This segment accounts for over 50% of all businesses in the U.S. employing nearly 57 million people and accounting for over $1.5 trillion in annual compensation. This market has enormous room for growth. In fact, the greatest opportunity for growth is not gaining market share from other PEO companies, but rather the 99% of the small business market that is not being serviced by a PEO.

BENEFITS

For the Business

Controls Costs; saves time and paperwork hassles. Professional compliance (e.g.; payroll, IRCA, EEOC).

For the Employee

Comprehensive benefits previously unavailable. Assistance with employment-related problems. Portable benefits (employees can move from one PEO client to another without loss of eligibility for benefits).

For the Government

Consolidates small companies’ tax filings into one More professional reporting; accelerated tax collection.

FINAL CONSIDERATIONS

CSRV is poised for rapid growth based on historical model comparisons of their services and products.

The company currently manages approximately $850 million of gross payroll and related benefits for approximately 2,000 clients.

99% of small businesses are not serviced by PEO’s leaving an enormous growth opportunity for CSRV.

CSRV’s revenue grew 95% from $40.4 million to $78.5 million in 2003 while remaining profitable with earnings of $0.27 per share

This email is for informational purposes only, and is neither a solicitation to buy nor an offer to sell securities. All assembled information within is subject to change without notice. The assembled information within this email is based on public information supplied by the company or from other sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. Information in this email may contain "forward looking statements" as defined under Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. An example of forward-looking information are statements relating to the future capital expenditures, future funding sources, anticipated sales growth, and potential contracts. These and similar forward statements are subject to a number of known and unknown risks and uncertainties outside our local control that could cause actual operations or results to differ materially from those anticipated. Icon Advertising Design accepts no liability for any losses arising from an investor's reliance on or use of this report. This assembled information is for informative purposes and is not intended to be used as the sole source of information on a company. Always do your own due diligence and consult a financial advisor. Icon Advertising Design has been paid $3,000 by BMA Ventures, Inc., for the presentation and dissemination of the assembled information. *The price target in this report was obtained from a press release sent via BusinessWire on July 14, 2004.

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