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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
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Michael T. Willis
Westaff, Inc.
President, Chief Executive Officer
925.930.5300
mwillis@westaff.com
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Press Contact |
Rachel Loya
KRT Marketing for Westaff, Inc.
925.284.6255
rachel@krtmarketing.com |
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