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To: herry iball who wrote (14401)	10/1/2001 4:48:20 PM
From: Tom Hua	Read Replies (1) \| Respond to of 19633

FF, TALX warned. DJN TALX 16:20 DJ Talx Cuts 17% Of Work Force TALX DJN TALX 16:18 DJ Talx Sees 2Q Net $1.3M-$1.6M, Or 10c-12c/Shr TALX DJN TALX 16:18 DJ Talx Sees 2Q Revenue $11.4M-$11.7M TALX DJN TALX 16:17 DJ Talx Sees FY02 Revenue $47M-$49M TALX DJN TALX 16:16 DJ Talx Sees FY02 Net 58c-62c/Shr, Excluding Chgs TALX DJN TALX 16:10 *DJ Talx Corp. (TALX) Halt: News. Last 21.75 Regards, Tom

To: herry iball who wrote (14401)	10/1/2001 4:50:15 PM
From: Tom Hua	Read Replies (1) \| Respond to of 19633

ST. LOUIS--(BUSINESS WIRE)--Oct. 1, 2001--TALX Corporation (NASDAQ:TALX.Q) announced today that it expects year ending March 31, 2002 earnings will be in the $0.58 to $0.62 per diluted share range, excluding one-time charges. The company also anticipates revenues for this year to be between $47 million and $49 million. TALX expects total revenues for its second fiscal quarter ended September 30, 2001 to be between $11.4 million and $11.7 million. Net earnings, before one-time charges, are anticipated to be between $1.3 million and $1.6 million, or between $0.10 and $0.12 per diluted share. These amounts compare to $10.8 million in revenues, $1.2 million in net earnings, and $0.12 in diluted earnings per share for the comparable quarter last year. The one-time charges, including write-off of capitalized software costs related to the customer premises systems line of business, inventory write-downs, regional office closure costs, and severance payments, will amount to approximately $2.8 million on a pre-tax basis and approximately $.13 per share on an after-tax basis. All per share amounts reflect the Company's recently announced 10 percent stock dividend, payable on October 18. The First Call consensus estimate for the quarter was $0.15 per share, which also reflected the stock dividend. "Our outsourced benefits enrollment business, which is included in the Human Resources and Benefits Application Services revenue line, has not been the growth driver that we had anticipated," William W. Canfield, chairman and chief executive officer, explained. "Continuing declines in the general economic conditions caused many promising prospects to make decisions during the last half of the quarter to postpone automating their benefits enrollment for this year. As a result, our revenues in this line of business for both the quarters ending September 30 and December 31 will be adversely affected. These have typically been the most active quarters for our benefits enrollment business." Canfield continued, "Accordingly, we have made significant reductions in our cost structure, to bring costs in line with revenue expectations in this slower economic climate. This includes a staff reduction of approximately 17 percent of the total work force. The cost savings will reduce annual operating costs, beginning in the quarter ending December 31, by approximately $5.1 million on a pre-tax basis, which translates to $0.23 per share on an after-tax basis. "The events of September 11 have also adversely affected the transaction volume of The Work Number Services, which, nonetheless, maintained healthy margins and remained the dominant contributor to profitability. We remain quite optimistic about the long-term growth potential of The Work Number Services. In fact, transaction volume in the last week of September returned to August levels." Canfield concluded, "With the actions that we have taken over the past several weeks to reduce our cost structure and given our revenue expectations, we expect earnings per share for the full fiscal year, excluding the one-time charges, to approach our previously stated growth target of 50 percent. As an indicator of our confidence, we have been actively repurchasing stock in the open market during the past two weeks." A conference call to discuss the contents of this press release is scheduled for Tuesday, October 2, at 8:00 a.m. Central Daylight Time. To participate in this call, dial 800/450-0788. A digitized replay of the call will be in effect from 11:30 a.m. CDT on October 2 through midnight on Thursday, October 3. The replay number is 800/475-6701 and the access code is 605578. TALX Corporation is a leading application service provider (ASP) for Human Resources Benefits and Payroll employee services. TALX hosts employee service applications that empower employees to complete transactions independently utilizing multimedia including Web, interactive voice response, speech recognition,fax and 3-mail. TALX's premier applications are The Work Number(R), America's leader in employment and salary verification and Benefits Enrollment. Based in St. Louis, Missouri, TALX Corporation's common stock trades on the NASDAQ Stock Market(R) under the symbol TALX. For more information about TALX Corporation call 314/214-7000 or access the company's Web site at www.talx.com.