CAREER HORIZONS ACQUIRES TSG PROFESSIONAL SERVICES WITH $50 MILLION IN INFORMATION TECHNOLOGY REVENUES; TSG ACQUISITION WILL BOLSTER ACCUSTAFF'S I.T. BOTTOM LINE.JACKSONVILLE, Fla.--(BUSINESS WIRE)--Sept. 19, 1996--Career Horizons (NYSE NYSE See: New York Stock Exchange :CHZ CHZ Circumstellar Habitable Zone ), which will be merged into 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 ) by year-end, recently announced the acquisition of TSG TSG The Smoking Gun (web site) TSG Technology Services Group (UK) TSG Technical Specification Group TSG Timing Signal Generator TSG Technical Support Group TSG Tumor Suppressor Gene TSG ThermoSalinoGraph Professional Services, Inc., a provider of specialty supplemental information technology staffing services. TSG's revenues are estimated to be in excess of $50 million for 1996, based on unaudited results. The acquisition, which is expected to be accretive to both Career Horizons' and AccuStaff's earnings, will place the I.T. services business of the combined company at over $450 million in revenues, and closer to its near-term goal of run-rate revenues of $500 million by the end of 1996. 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, "The TSG acquisition will add significantly to the growing I.T. division of the combined company and will place us at the forefront of the computer consulting and staffing business. The rapid growth in our I.T. business, which is the fastest growing segment of our Professional Services division, will make a significant contribution toward achieving our aggressive growth objectives," Dewan added. AccuStaff is a leading national provider of strategic staffing, consulting and outsourcing services to businesses, professional and service organizations and governmental agencies. After giving effect to recent acquisitions (excluding Career Horizons), AccuStaff will operate 192 branch offices and outsourcing locations in 28 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). . AccuStaff is organized into three divisions: the Commercial division, the Professional Services division, and the Telecommunications division. CONTACT: AccuStaff Incorporated, Jacksonville Michael D. Abney or Derek E. Dewan, 904/725-5574 |
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