DALLAS, Dec. 04, 2017 (GLOBE NEWSWIRE) -- XCPCNL Business Services Corporation, (OTC PINK:XCPL), operating in Dallas, Texas, Chicago, Illinois and Orlando, Florida providing a multi discipline of services to its clients, including payroll, personnel, hospitality, benefits, maintenance and janitorial, today announced that the Company has signed a non-binding letter of intent to acquire a Payroll & Staffing company.

The Payroll & Staffing acquisition company operates in seven offices in the South Eastern United States and has generated in excess of $24 million in annual revenues during the past twelve months. The transition is scheduled to close on or before December 31, 2017.

Irving Boyes, Founder and Chief Executive Officer of XCPCNL Business Services Corporation, stated, “We are pleased to welcome dynamic new leadership to the XCPCNL Team. The acquisition team experience will be a great asset to our Company and we are looking forward to working and growing together in 2018.”

For more information on XCPCNL Business Services Corporation, please visit: www.xcpcnl.com.