ACCUSTAFF AND CAREER HORIZONS EXPAND LEGAL SERVICES BUSINESS.JACKSONVILLE, Fla.--(BUSINESS WIRE)--Oct. 24, 1996--AccuStaff Incorporated (Nasdaq/NM:ASTF ASTF Arab Science and Technology Foundation (United Arab Emirates) ASTF Aeropropulsion Systems Test Facility ASTF Aerospace Structures Test Facility ASTF Australian Standard Transfer Form ASTF A Suit That Fits ) and Career Horizons (NYSE NYSE See: New York Stock Exchange :CHZ CHZ Circumstellar Habitable Zone ), which announced in August an agreement that provides for Career Horizons to merge with AccuStaff, have expanded their legal services legal services n. the work performed by a lawyer for a client. business. Career Horizons today announced the acquisition of Legal Support Personnel, Inc., a rapidly growing provider of supplementary staffing -- primarily paralegals -- to the legal profession. Legal Support Personnel is a privately held firm headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. with projected revenues of approximately $10 million for 1996, based on unaudited results. Derek E. Dewan de·wan n. Any of various government officials in India, especially a regional prime minister. [Hindi d , Chairman, President and Chief Executive Officer of AccuStaff, said, "Our goal is for the revenues of our Professional Services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. division to account for more than 50% of total estimated 1997 combined revenues of $1.8 billion. The steady growth in our legal services business will make a significant contribution toward achieving that goal," Dewan added. AccuStaff Incorporated, headquartered in Jacksonville, Florida, is organized into three divisions: Professional Services, which provides personnel for information technology, technical/engineering, legal and accounting; Commercial, which provides clerical, office automation and light industrial services; and Telecommunications, which provides a national customer with trained customer care and telemarketing services. On August 26, 1996, AccuStaff entered into an agreement to acquire Career Horizons. A notice of special shareholder meeting (to be held on November 14, 1996), Joint Proxy Statement/Prospectus dated October 8, 1996, and proxy form, have been mailed to shareholders of AccuStaff and Career Horizons. The transaction is expected to close on November 14. Upon completion of the Career Horizons merger, AccuStaff will have over 750 offices in 44 states and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). , and combined annual estimated 1997 revenues in excess of $1.8 billion. This press release contains certain forward-looking statements which involve risks and uncertainties. The Company's actual results could differ materially from the results anticipated in these forward-looking statements as a result of certain of the factors set forth under the "Risk Factors" and elsewhere in the Company's Joint Proxy Statement/Prospectus dated October 8, 1996, and as discussed in the Company's reports of Forms 10-K, 10-Q and 8-K made under the Securities and Exchange Act of 1934. CONTACT: AccuStaff Incorporated Michael D. Abney or Derek E. Dewan, 904/725-5574 |
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