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News Releases

2008 / 2007 / 2006 / 2005 / 2004 / 2003 / 2002 / 2001 / 2000

Westaff Names Don K. Rice to Board of Directors

Investment Banking Executive Replaces Jack D. Samuelson, Who Retires From Board After 13 Years of Service

WALNUT CREEK, Calif., Aug. 22, 2007 - Westaff, Inc. (NASDAQ:WSTF), today named Don K. Rice to its board of directors.

Rice will assume his role as director effective Nov. 1, 2007, replacing Director Jack D. Samuelson, who will retire from the board after 13 years of service to the company.

"I wish to thank Jack Samuelson for 13 plus years of service to the Westaff organization," commented company Chairman and CEO Michael T. Willis. "And, I welcome Don Rice and his strong finance and business acumen to the board of directors."

Rice is currently chairman and CEO of Ascend Acquisition Corporation (OTCBB: ASAQ.OB), a publicly owned special purpose acquisition corporation. He is also the managing and founding partner and an investment committee member at Capital Point Partners, a $200 million mezzanine and equity investment firm. In addition to his managerial roles, Rice serves on the boards of several organizations, including the McCombs School of Business at his alma mater, the University of Texas, and City Year Greater Philadelphia, part of the Americorps program.

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 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 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.

Westaff, Inc.

Investor Relations Contact

 

Michael T. Willis
Westaff, Inc.
President, Chief Executive Officer
925.930.5300
mwillis@westaff.com

 

Press Contact

Rachel Loya
KRT Marketing for Westaff, Inc.
925.284.6255
rachel@krtmarketing.com

 

   
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