CLEVELAND, OHIO – January 4, 2011 – In a dual move reflecting the company’s strength and commitment to growth, its current president, Joel Adelman, has taken on the role of Chief Executive Officer and names his long-time chief operating officer, Adam C. Stern as President.
Joel Adelman, founder and president of Advance since its inception in 1998, states, "This is a significant organizational change for Advance and one that exemplifies our commitment to growth and our ever-increasing position as an industry leader." He continues, "As CEO, I look forward to focusing on client development and our long-term growth strategies. I embrace the future with the highest confidence as Adam Stern, who has been our chief operating officer for nine years, moves up to take on the role of President."
Adam Stern says, "I have enjoyed my tenure as chief operating officer over the past nine years and look forward to my new responsibilities as President." He further states, "I am thankful to Joel for his confidence in my ability to lead Advance into the future, and I know that, with the incredibly talented team we have developed, we are poised to attain new levels of success for ourselves and for our clients."
Advance is the leading provider of funding and payroll services to the temporary and contract staffing industry with a single focus; to help staffing firms grow through their integrated funding solutions and excellent services including A/R management, payroll tax administration, invoicing, credit, collections, and insurance benefits.
Information in this release may involve plans, strategies, expectations, beliefs, or intentions regarding the future. These forward-looking statements involve uncertainties and risks. Any and all forward-looking statements included in this release are based upon information available to Advance Payroll Funding, LTD as of the date of the release. We assume no obligation to update any such forward-looking statement. The statements in this release are not guarantees of future performance and actual results could differ materially from our current expectations. Numerous factors could cause or contribute to such differences. These factors include, but are not limited to: changes in market and competition, technological and competitive developments and potential downturns in general economic conditions.
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