STAF $7 3/8 going up now...just bought an Internet company!
Tuesday March 30, 10:50 am Eastern Time
Company Press Release
SOURCE: StaffMark, Inc.
StaffMark Announces Increased Stake in Internet
Recruitment Provider
FAYETTEVILLE, Ark., March 30 /PRNewswire/ -- StaffMark, Inc. (Nasdaq: STAF - news), announced today that its
wholly owned subsidiary Robert Walters plc has agreed to exercise an option to increase its stake in Internet Appointments
Ltd., which operates one of the leading recruitment Web sites in the United Kingdom and Europe.
Internet Appointments operates Taps.com, a UK-based recruitment web-site with more than 250,000 visitors per month. Taps
publishes more than 5,000 live listings each day for information technology, accounting and finance jobs. Candidates can
browse the listings, apply on-line using the site's resume builder, or register their resumes and receive e-mail notice of positions
that may fit their qualifications.
Key advantages of Internet Appointments are its partnerships with leading recruitment firms and its high level of service
provided to employers, recruiting firms and job seekers. Internet Appointments' web designers give employers and recruiters a
sophisticated presence on the Internet. The site attracts high caliber jobs, with applicants also finding a wide variety of fresh,
frequently updated career information and useful tools.
One example of the useful content of Taps.com is its affiliate relationship with Web-based book retailer Amazon.co.uk. The
service, called ''Bookshop@Taps.com,'' launched in March and provides Taps users with a guide to leading career-related
texts. Further content relationships are in the pipeline and are expected to be announced over the coming months.
Internet Appointments recently founded Contracts365.com, which is focused on serving the growing pool of professionals who
prefer to work for a variety of employers under limited-term contracts. Internet Appointments also has a Web site in Ireland,
Taps.ie.
StaffMark has agreed to increase its ownership stake in the joint venture partnership to 12.9% from 7.1% for an undisclosed
sum. Other stockholders of Internet Appointments include leading European firms in the staffing, advertising and Internet
marketing industries. Clete T. Brewer, president and chief executive officer of StaffMark, said, ''Our participation in Internet
Appointments is part of our strategy to use the Internet in the delivery of human capital optimization services to clients and
career management services to consultants around the world.''
StaffMark, Inc. provides diversified staffing, professional, consulting and solutions services to businesses, professional and
service organizations, and governmental agencies and operates in more than 300 offices in 31 states and 12 countries.
This Press Release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933, as
amended and Section 21E of the Securities Exchange Act of 1934, as amended. Words such as ''believe,'' ''strategy,''
''increase,'' ''enhance,'' ''focus,'' ''growing,'' ''leads,'' ''leading,'' ''expected,'' ''high'' and similar expressions are intended to
identify forward- looking statements. These forward-looking statements inherently involve certain risks and uncertainties such as
loss of existing customers, loss of key management, unexpected costs, changes in general business or economic matters or
operational matters, as well as other factors that may cause actual results, levels of activity, growth, performance, earnings per
share or achievement to be materially different from any future results, levels of activity, growth, performance earnings per share
or achievement expressed or implied by such forward-looking statements. Such other factors, include, among other things,
those listed under ''Business -- Factors Affecting Finances, Business Prospects and Stock Volatility'' in the company's Form
10-K filed with the Securities and Exchange Commission on March 16, 1999. Actual events or results may differ from those
discussed, estimated and/or projected in the forward-looking statements.
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