Just noticed this on the wire about Western Staffing.
BW1623 AUG 24,1998 15:48 PACIFIC 18:48 EASTERN
( BW)(WESTERN-STAFF-SERVICES)(WSTF) Western Staff Services Acquires Career Temporaries Inc.
Business Editors
WALNUT CREEK, Calif.--(BUSINESS WIRE)--Aug. 24, 1998--Western Staff Services Inc. (NASDAQ:WSTF), the essential support services leader, announces its acquisition of substantially all the assets of North Carolina-based Career Temporaries Inc., with offices located in Charlotte, Gastonia and Statesville doing business as Career Staffing.
Headquartered in Charlotte, Career Staffing's three offices specialize in clerical and light industrial temporary staffing services with annual sales of more than $5.6 million.
"We are pleased to acquire and establish operations in the booming Charlotte region, which is a great growth area and the nation's second largest financial services center," says Mike Phippen, president and chief operating officer of Western Staff.
Brad Chambers, vice president and general manager of Career Staffing joins Western Staff as an area manager overseeing the newly acquired operations. Chambers brings more than 15 years of staffing industry experience in the Charlotte region to the company.
"This acquisition provides us with a great opportunity to retain strong local leadership to launch our staffing services in a flourishing marketplace," Phippen adds. "We welcome Brad Chambers and Career Staffing employees to Western Staff."
This acquisition follows Western Staff's July assets acquisition from Texas-based The Personnel Connection Inc. and is the company's 15th acquisition since the start of fiscal 1998. The combined annual sales of these 15 acquisitions total more than $77 million.
Celebrating its 50th anniversary in 1998, Western Staff Services supplies an essential support services workforce to meet the demands of highly competitive businesses in ever-changing global markets, annually employing more than 200,000 temporary workers specializing in office, light industrial, technical and medical services.
The Company services its customers through a network of more than 425 company-owned, franchise and licensed offices in the United States, Europe, Australia and New Zealand with system revenues in 1997 exceeding $600 million. For information, contact PR Coordinator Elaina Medina at 925/930-5358 or visit Western's Web site at www.westaff.com.
This news release contains forward-looking statements regarding future events and performance of the Company that involve risks and uncertainties that could cause actual results to differ materially. We refer you to documents the Company files from time to time with the Securities and Exchange Commission, such as Form 10-K, Form 10-Q and Form 8-K reports, which contain a description of certain factors that could cause actual results to differ from current expectations and the forward-looking statements contained in this news release.
--30--mr/sf* dc/sf
CONTACT: Western Staff Services
Elaina Medina, 925/930-5358 or 925/930-5340
emedina@westaff.com
KEYWORD: CALIFORNIA NORTH CAROLINA
INDUSTRY KEYWORD: BANKING MERGERS/ACQ
Just a FYI,
Thanks,
MM |
