ACCUSTAFF REPORTS POSITIVE OUTLOOK.JACKSONVILLE, Fla.--(BUSINESS WIRE)--Nov. 21, 1996--AccuStaff Incorporated (NYSE NYSE See: New York Stock Exchange : ASI ASI, n See Anxiety Sensitivity Index. ), a national provider of strategic staffing and outsourcing services, today responded to industry concerns about the outlook for staffing services. AccuStaff's Chairman, President, and Chief Executive Officer Derek E. Dewan de·wan n. Any of various government officials in India, especially a regional prime minister. [Hindi d , said, "The outlook for our fourth quarter and for 1997 remains strong. Over 50% of our business comes from higher-margin professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. ; as a result, national staffing accounts (exclusive of American Transtech, Inc.) and health care-related services are not prominent segments of our company. Additionally, new national accounts are being priced with operating margins Operating Margin A ratio used to measure a company's pricing strategy and operating efficiency. Calculated by: in line with general Commercial Division targets, less than 10% of our health care business is related to Medicare, and we do no capitated pricing. We fully expect to meet or exceed analysts expectations for the fourth quarter and fully year. With the completion of the acquisition of Career Horizons in November, we expect our 1997 revenues to exceed $1.7 billion and our margins to continue to improve." AccuStaff Incorporated, headquartered in Jacksonville, Florida “Jacksonville” redirects here. For other uses, see Jacksonville (disambiguation). Jacksonville is the largest city in the state of Florida and the county seat of Duval County. , is a national provider of strategic staffing and outsourcing services to businesses, professional and service organizations, and governmental agencies. AccuStaff now has over 750 offices in 43 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). . 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, Jacksonville Michael D. Abney or Derek E. Dewan, 904/725-5574 |
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