AccuStaff's Name and Symbol Change to be Effective October 1; Sale of Strategix Solutions to Randstad U.S., L.P. to be Completed This Week
September 28, 1998 08:26 AM
JACKSONVILLE, Fla.--(BUSINESS WIRE)--Sept. 28, 1998--AccuStaff Incorporated ASI today announced that its name change to Modis Professional Services, Inc. will be effective on October 1, 1998. On that date, the Company's common stock will begin trading on the New York Stock Exchange under the symbol "MPS."
The Company also said that its previously announced sale of its commercial staffing business, Strategix Solutions, is scheduled to be completed this week. The Company announced on August 27, 1998, the $850 million sale to Randstad U.S., L.P., the U.S. operating company of Randstad Holding nv, an international staffing company based in The Netherlands. After completion of the sale, Modis Professional Services will focus exclusively on providing information technology consulting and professional services worldwide.
The Company is a global provider of business services, including consulting, outsourcing, outplacement, training, and strategic staffing services, to the Fortune 1000 and other leading businesses. Headquartered in Jacksonville, Florida, the Company has offices in the United States, Canada, the United Kingdom, Continental Europe, and Latin America. For more information about AccuStaff or Modis, please visit the following web sites: www.accustaff.com or www.modisit.com.
----------
Statements made in this press release, other than those concerning historical information, should be considered forward-looking and subject to various risks and uncertainties. The Company's actual results may differ materially from the results anticipated in these forward-looking statements as a result of certain factors set forth under Risk Factors and elsewhere in the Company's reports on Forms 10-K, 10-Q and 8-K made under the Securities Exchange Act of 1934. For instance, the Company's results of operations may differ materially from those anticipated in the forward-looking statements due to, among other things: the Company's ability to successfully identify suitable acquisition candidates, complete acquisitions or integrate the acquired business into its operations; the general level of economic activity in the Company's markets; increased price competition; and the continued availability of qualified temporary personnel -- particularly in the information technology and other professional segments of the Company's businesses. In addition, the market price of the company's stock may from time to time be significantly volatile as a result of, among other things: the Company's operating results; the operating results of other temporary staffing companies; and changes in the performance of the stock market in general. |
