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WALNUT CREEK, Calif., March 5, 2007 - Responding to growing demand for skilled technology personnel, leading global provider of staffing services Westaff, Inc. (NASDAQ:WSTF), today announced the formation of its new technology division, West-Tek SM. West-Tek will provide client companies strategic, focused guidance in finding the right talent for their technology teams. According to the 2006-2007 edition of the U.S. Department of Labor's Occupational Outlook Handbook, four of the top-five growth jobs over the next seven years will be technology-related.
"West-Tek is the marriage of the growing demand for skilled technology personnel and Westaff's long-standing history of providing the best talent to our clients," said company CEO and President Trish Newman. "Through West-Tek, Westaff will expand its reach in the technology market and offer new services, while enhancing our promise of strategic staffing partnership to our clients."
As a division of Westaff, West-Tek will have access to the company's global network of staffing expertise and recruitment tools, such as the TALENT Trak SM system. TALENT-Trak is an industry-leading tool that evaluates job candidates in each of more than 550 professional skills, ensuring client companies that West-Tek job candidates have the necessary ability to excel in skilled-technology jobs.
Staffing Industry Veteran at the Helm
Leading West-Tek is newly appointed Senior Vice-President of Operations Tracy Snyder. Snyder brings 10 years of staffing experience as the former owner of Westaff's offices in the technology-rich Houston market to the challenge of driving West-Tek's growth and strategic expansion. As a successful franchise office owner, Snyder's offices consistently ranked among Westaff's top earners.
"Leveraging Westaff's proven strengths and global presence reduces West-Tek's market-entry costs, thus increasing our profit potential," noted Snyder. "Capitalizing on this advantage will allow West-Tek to grow quickly, capture market share and make an immediate positive contribution to Westaff's bottom line."
Snyder and his team of seasoned technology professionals aim to establish seven offices in select U.S. cities during 2007, with plans for additional U.S. expansion and the development of an international presence in 2008. The first two West-Tek offices have been established in Irvine, Calif., and Phoenix, Ariz. For more information, please visit the West-Tek Web site at www.west-tek.com.
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 United States, 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.
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 new business segments and 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.
Contact:
Rachel Loya
KRT Marketing for Westaff, Inc.
(P) 925.284.6255
(E) rachel@krtmarketing.com
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