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"I know that when a job has to get done, I always put that first, it makes me happy when the client is happy"


- Heather Heverly,
Westaff Staffing Associate, Straub Clinic

Westaff Staffing Business Solutions

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News Releases

2006 / 2005 / 2004 / 2003 / 2002 / 2001 / 2000

WESTAFF ANNOUNCES SPECIAL DIVIDEND OF 30 CENTS PER SHARE

WALNUT CREEK, CA, June 20, 2000
Westaff, Inc. (NASDAQ: WSTF), a leader in essential staffing services, announced today that the Board of Directors has declared a dividend of 30 cents per share payable on July 18, 2000 to shareholders of record on July 5, 2000.

This action is based on the Company's strong cash flow and is a vote of confidence by the Board in the Company's ability to produce positive operating results.

Westaff provides essential staffing services to and employment opportunities at competitive businesses in global markets. Westaff annually employs approximately 270,000 people worldwide and services approximately 25,000 clients from more than 360 offices located throughout the U.S., the United Kingdom, Australia, New Zealand, Norway and Denmark, and achieved fiscal 1999 system revenue of $690 million. For more company information, visit Westaff's website at www.westaff.com.

The statement in paragraph two of this press release is a forward-looking statement that involves a number of risks and uncertainties. The actual results of future events described in this forward-looking statement could differ materially from those stated in the forward-looking statement. The Company's financial performance is subject to risks, uncertainties or assumptions including but not limited to fluctuation in the economy and financial markets, the availability of temporary workers, the demand for temporary workers, the effectiveness of the Company's management information systems, the Company's ability to complete the implementation of existing systems and planned new systems, the effectiveness of corporate and field management, the variability of employee-related costs, the highly competitive industry, the Company's ability to increase the productivity of existing offices, the Company's ability to expand operations, the risk of losing customers, the risks related to franchise and license operations, the risk associated with controlling operating expenses, the risks associated with acquisitions, and the risk of realizing the remaining medical assets in a timely and cost-effective manner. Should one or more of these risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from any future estimates. Forward-looking statements are based on beliefs and assumptions of the Company's management and are based on information currently available to management. The Company undertakes no responsibility to publicly update or revise any forward-looking statement. Additional information concerning the risks and uncertainties listed above, and other factors you may wish to consider, is contained in the Company's filings with the Securities and Exchange Commission, including the Company's filings on Form 10-K, Form 10-Q, Form 8-K and other filings which contain a description of certain factors that could cause actual results to differ from current expectations and the forward-looking statements in this press release.

ANALYSTS/INVESTORS CONTACT : Dirk A. Sodestrom
Senior Vice President and
Chief Financial Officer
Telephone: 925.930.5300
e-mail:
dsodestrom@westaff.com
 
 
   
PRESS CONTACT: Linda Gaebler
Public Relations Director
925-952-2546, cell: 510-610-4845

e-mail: lgaebler@westaff.com
 
 
 
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