For the quarter ended May 31st, revenues decreased 25.4% from the same quarter last year to $9.4 million. Consolidated net income decreased 60.6% from the comparable period to $93,000. Additionally, earnings per share decreased from $0.05 to $0.02.

For the full year, revenues decreased 17.2% from last year to $42.8 million. Consolidated net income decreased 51.3% from the prior period to $621,000. Additionally, earnings per share decreased from $0.28 to $0.15.

As previously announced, due to the continuing impact of the current economic environment, the Board has determined to suspend the payment of further dividends. The Board of Directors may reevaluate the Company's dividend policy once economic conditions stabilize.

Joe Hughes, CEO, stated, "Revenue for the quarter ended May 31, 2009 decreased 25.4% from the prior year. The decrease in revenue resulted primarily from the average number of consultants on billing with customers decreasing from 313 for the quarter ended May 31, 2008 to 227 for the quarter ended May 31, 2009. Net income decreased approximately 60.6% as customers have continued to reduce our margins and opportunities to place consultants on new assignments has slowed.

"The deteriorating economy has spread beyond the financial services sector where TSR had historically obtained approximately 20% of its revenue. This broadening has had a serious impact on our bottom line as evidenced by the results for the quarter just ended. Additionally, since leading economists are not predicting an upturn in the near term, we expect the economic conditions to continue to adversely affect earnings well into next fiscal year."

Certain statements contained herein, including statements as to the Company's plans, are forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995.