Adecco SA Named to Benchmark Swiss Market Index; The Swiss Exchange to Add Adecco as 23rd Stock on SMI Starting July 1.ZURICH, Switzerland--(BUSINESS WIRE)--Dec. 9, 1998--Adecco SA (Nasdaq:ADECY), world's leading integrated staffing and career services firm, was recently named by the Swiss stock exchange as the 23rd stock to be included in the benchmark Swiss Market Index (SMI (1) (Storage Management Initiative) The initiative developed by the SNIA in 2003 to create a single standard interface for storage management technologies used by multiple vendors and networking communities. ) starting on July 1, 1999. The Swiss Exchange Swiss Exchange The major securities market of Switzerland. employs stringent criteria in selecting stocks for the SMI, maintaining the quality of the index by only including companies of known reliability and solid reputation. The move indicates Adecco's growing relative importance within the Swiss economy and also its rise to the market leader position for staffing-related services worldwide. "We are honored to join the Swiss Blue Chip index of the largest market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. and strongest performing companies listed on the Swiss Exchange," commented John P. Bowmer, Chief Executive Officer of Adecco SA. "Adecco's inclusion as an important measure of market performance is a testimony not only to our success as a stable and growing value for shareholders, but to the increasing importance of the services we provide to companies and people around the globe." Adecco SA is the global leader in employment services, connecting people to jobs and jobs to people through its network of 3,000 offices in 49 countries around the world with sales exceeding 11 billion CHF CHF In currencies, this is the abbreviation for the Swiss Franc. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. for the first nine months of 1998. Registered in Switzerland, and managed by a multinational team with expertise in markets spanning the globe, Adecco delivers an unparalleled range of flexible staffing and career resources to corporate clients and qualified associates. Adecco provides business clients with temporary and full-time clerical and light industrial associates while Adecco's branded subsidiaries address specialized staffing requirements: Accountants on Call for clerical accounting assistance; Ajilon for high-end information technology consulting Information technology consulting (IT consulting or business and technology services) is a field that focuses on advising businesses on how best to use information technology to meet their business objectives. and staffing solutions; and, Lee Hecht Harrison for outplacement out·place·ment n. The process of facilitating a terminated employee's search for a new job by provision of professional services, such as counseling, paid for by the former employer. and career management services. Clients retain these and other Adecco services through local, national and international contracts. The company was formed in August, 1996 by the merger of Adia SA of Switzerland and Ecco SA of France. In 1997, the company's revenues grew 34 percent to 11.432 billion Swiss francs. Adecco SA is listed on The Swiss Exchange (ADECCO I (ADE -136973); ADECCO PS (ADEP ADEP Association d'Entraide des Polios et Handicapés ADEP Accelerated Degree Evening Program ADEP Accelerator-Driven Energy Production ADEP Avionics Document for Execution & Planning ADEP Automatic Depth Control - 136963)), the Bourse de Paris (RM 12819) and (Nasdaq:ADECY). |
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