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Non-Tech : Modis Professional Services, Inc. (MPS) -- Ignore unavailable to you. Want to Upgrade?

To: Roy F who wrote (303)	11/17/1998 1:20:00 PM
From: Carmine Cammarosano	Read Replies (1) \| Respond to of 335

Anyone have a clue as to what is going on with this company?

To: Roy F who wrote (303)	1/4/1999 12:55:00 AM
From: Carmine Cammarosano	Read Replies (1) \| Respond to of 335

JACKSONVILLE, Fla.--(BUSINESS WIRE)--Dec. 31, 1998--Modis Professional Services, Inc.(NYSE:MPS - news), a global provider of information technology and professional services, today announced an integration and strategic repositioning plan (the ''Plan'') through which it will take a series of actions to reduce costs, improve operational performance, increase cash flow and earnings per share, and enhance the Company's long-term competitive position. The Company also announced preliminary expectations of fourth quarter results, including an update on its share repurchase plan. Press Release Highlights Board of Directors Approves Comprehensive Integration and Strategic Repositioning Plan Consistent with its Strategy to Become a World Class Information Technology and Professional Services Firm - the Plan will better align the branch network and organizational structure and is expected to result in an estimated reduction in annual pre-tax operating costs of approximately $15 million, $9.3 million net of tax, when fully implemented; benefits to enhance 1999 and 2000 results of operations and diluted earnings per share. Preliminary Expectations of Fourth Quarter and Full Year Financial Results - total revenue for the fourth quarter is expected to be in line with analysts' estimates and diluted net income per share from continuing operations before one-time, non-recurring charges is expected to meet or exceed analysts' consensus estimates. Total revenue for the full year 1998 is expected to be in line with analysts' estimates and diluted net income per share from continuing operations is expected to meet or exceed analysts' estimates before one-time gain and one-time, non-recurring charges; cash position at year-end to approximate $80 million with $500 million credit facility unused.