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WALNUT CREEK, Calif., February 13, 2007 - Underscoring its commitment to growth, leading global provider of staffing services Westaff, Inc., (NASDAQ:WSTF) named David W. Mount its first vice-president, franchising today. In this new position, 17-year Westaff veteran Mount will be responsible for driving the growth and development of Westaff's domestic and international franchise network. During the most recent fiscal year, 58 U.S. Westaff offices were franchised and accounted for 27.5 percent of corporate revenue.
"At Westaff we provide clients with a competitive edge by supplying talented personnel who enhance their business strategy," said company President and CEO Trish Newman. "Creating the vice-president, franchising position and adding Dave, a proven, respected member of the Westaff team, to drive growth is the company fulfilling that promise to itself. His appointment heralds a new direction for Westaff and the company's commitment to developing the strongest network of staffing franchises in the industry."
In addition to successfully owning and operating eight Westaff franchises in Vermont, New Hampshire and New York, Mount is a charter member of the Westaff Affiliate Network, an organization of the owners of Westaff's franchises nationwide. He served as the group's president from 1998-2004 and was integral in establishing a proactive relationship between the company and the owners of its franchises. Mount will draw on that experience as he begins the first phase of the company's franchise growth plan, spearheading Westaff's expanded presence in the South and Great Lakes regions of the United States.
"With dedicated corporate resources and a healthy working relationship between the company and our Affiliate Network, Westaff is well positioned for growth-especially in new markets. My goal is to leverage these existing strengths and turn them into capital in the form of franchises," commented Mount. "The company's aggressive franchising plan demonstrates continued industry leadership, as well as Westaff's intent to strengthen its brand in the marketplace."
About Westaff
Westaff provides staffing services and employment opportunities for businesses in global markets, servicing more than 15,000 client accounts from more than 230 offices located throughout the U.S., the United Kingdom, Australia and New Zealand. Westaff provides client companies with 125,000 temporary and permanent placement employees annually in the areas of administration, call centers and light industry. For more information, please visit our Web site at www.westaff.com.
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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, statements regarding the Company's future growth, profitability, expansion in key markets, and the significance of any change in managerial personnel to the Company's ability to achieve any of these goals.
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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