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BARRETT BUSINESS SERVICES FILES REGISTRATION STATEMENT FOR INITIAL PUBLIC OFFERING

 PORTLAND, Ore., April 29 /PRNewswire/ -- Barrett Business Services Inc. (NASDAQ: BBSI), Portland, announced it today filed a registration statement with the Securities and Exchange Commission (SEC) for a proposed initial public offering of 1,000,000 shares of its common stock. The company anticipates that the public offering price will be between $6.50 and $7.50 per share. Ladenburg, Thalmann & Co. Inc. and Black & Co. Inc. are acting as co-managers of the offering. Barrett Business Services Inc. will grant the underwriters an option to sell an additional 150,000 shares to cover over-allotments, if any.
 Barrett Business Services Inc. provides light industrial, clerical and technical employees to a wide range of businesses on both a temporary and longer-term leased basis. Services are provided through a branch network of 12 offices, nine located throughout the western half of Oregon and one each in Sacramento, Calif., Baltimore; and Seattle.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. A copy of the preliminary prospectus can be obtained from the offices of Ladenburg, Thalmann & Co. Inc., 540 Madison Ave., New York, NY 10222, or Black & Co. Inc. at One S.W. Columbia, Portland, OR 97201.
 -0- 4/29/93 R
 /CONTACT: William Sherertz, president, of Barrett Business Services, 503-243-2444/
 (BBSI)


CO: Barrett Business Services Inc. ST: Oregon IN: SU:

LM-GT -- SE003 -- 3122 04/30/93 10:31 EDT
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Publication:PR Newswire
Date:Apr 30, 1993
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