For the quarter ended August 31st, revenues decreased 25.2% from the same quarter last year to $9.1 million. Consolidated net income attributable to TSR shareholders decreased 70.7% from the comparable period to $63,000. Additionally, earnings per share decreased from $0.05 to $0.02.

Joe Hughes, CEO, stated, "Revenue for the quarter ended August 31, 2009 decreased 25.2% from the prior year period. The decrease in revenue resulted primarily from the average number of consultants on billing with customers decreasing from 299 for the quarter ended August 31, 2008 to 215 for the quarter ended August 31, 2009. Net income attributable to shareholders decreased approximately 70.7% as customers have continued to reduce IT spending, resulting in a reduced number of consultants on billing and reduced opportunities to place consultants on new assignments.

"The broad based economic downturn has had a serious impact on our bottom line as evidenced by the results for the quarter just ended. Additionally, since any improvements appear to be slow and uncertain, we expect the economic conditions to continue to adversely affect earnings throughout our 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.