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WALNUT CREEK, CA, Monday, July 28, 2005 —
Westaff, Inc. (NASDAQ: WSTF), a leading provider of staffing services, today announced the appointment of Karen Tarca as Regional Vice President. In her new position, Tarca will be responsible for Westaff branch operations in Oregon, Washington and several counties within Southern California.
Tarca's promotion coincides with the introduction of several restructuring, growth and performance enhancement measures designed to streamline Westaff's operations and organization structure, improve profitability and support expansion.
"With 20 years of experience in the staffing industry, Karen brings a wealth of knowledge to Westaff's new regional structure," said Trish Newman, president and chief executive officer of Westaff. "I'm very pleased that Karen has accepted this new responsibility, and I'm confident that she will help Westaff achieve its aggressive growth and profitability goals."
Prior to assuming her new role, Tarca held a variety of management positions within the industry, including district manager for Westaff in Southern California.
"I'm delighted to be offered this integral role at such an exciting time for Westaff," said Tarca. "I'm committed to helping Westaff successfully implement new programs designed to meet our clients' needs, and to create a stronger, unified operation that reflects the full-service staffing firm we have become."
Westaff provides staffing services and employment opportunities for businesses in global markets. Westaff annually employs approximately 150,000 people and services more than 15,000 client accounts from more than 240 offices located throughout the United States, the United Kingdom, Australia and New Zealand. For more information, please visit our Web site at www.westaff.com.
This press release contains forward-looking statements as defined in the Securities Exchange Act of 1934, and is subject to the safe harbors created by law. Forward-looking statements contained herein include, but are not limited to, the statements regarding revenue and the prospects for fiscal 2005. The forward-looking statements contained herein involve a number of assumptions, risks and uncertainties. Actual results could differ materially from estimates. Among the factors affecting future operating results are: credit facilities and compliance with debt covenants, liquidity, workers' compensation collateral requirements, possible adverse effects of fluctuations in the general economy, variability of employee-related costs including workers' compensation liabilities, a highly competitive market, control by a significant shareholder, the volatility of the Company's stock price, reliance on management information systems, risks related to customers, variability of operating results and the seasonality of the business cycle, reliance on executive management, risks related to international operations, risks related to franchise agent and licensed operations, uncertain ability to continue and manage growth, reliance on field management, employer liability risks and ability to attract and retain the services of qualified temporary personnel and regulatory mandates, including potential mandated health insurance.
Forward-looking statements are based on the beliefs and assumptions of the Company's management and on currently available information. 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 most recent Form 10-K, Form 10-Q, Form 8-K and other filings.
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