Olsten Corporation Acquires Denmark's Largest Staffing Services Company.MELVILLE, N.Y.--(BUSINESS WIRE)--June 4, 1998--Olsten Corporation (NYSE NYSE See: New York Stock Exchange :OLS OLS Ordinary Least Squares OLS Online Library System OLS Ottawa Linux Symposium OLS Operation Lifeline Sudan OLS Operational Linescan System OLS Online Service OLS Organizational Leadership and Supervision OLS On Line Support OLS Online System ) today announced that it has expanded its staffing services operations in the Nordic countries with the acquisition of Attention Personaleservice A/S, Denmark's largest staffing company. The acquisition was made through Olsten's Norwegian Norwegian associated in some way with Norway. Norwegian buhund, Norwegian sheepdog a medium-sized (26-40 lb), spitz-type dog with a short, dense coat in wheaten, black, red or sable, sometimes with black markings on the face, ears staffing subsidiary, Olsten Norsk Personal A/S, which is a major supplier of staffing services in the Nordic countries through its 50 offices in Norway Norway, Nor. Norge, officially Kingdom of Norway, constitutional monarchy (2005 est. pop. 4,593,000), 125,181 sq mi (324,219 sq km), N Europe, occupying the western part of the Scandinavian peninsula. , Denmark, Finland and Sweden, as well as a provider of information technology services in Norway and Finland and home health services health services Managed care The benefits covered under a health contract in Norway and Denmark. "This latest acquisition strengthens our ability to serve our clients in the Nordic countries," said Stuart Olsten, Vice Chairman and President of Olsten Corporation. "We now have two staffing companies in Denmark, as well as a home health care firm, and all three will work closely together to look for common opportunities and synergies to make our total range of services evenbetter and more complete." Attention, with headquarters in Copenhagen, has offices in Alborg, Arhus, Herslev, Horsholm, Kolding and Odense. The company will continue under the current leadership of General Manager and founder Aase Ruud Hagemann and Manager Poul Balsborg. Olsten Corporation is a world leader in staffing services and North America's largest provider of home health care and related services. Primarily through Olsten Staffing Services, the Company operates more than 900 staffing or information technology offices in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. and Europe, providing assignment employees to business, industry and government, as well as services for the design, development and maintenance of information systems. Through its Olsten Health Services subsidiaries, the Company's more than 400 health care offices in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Canada provide health care Network Services and caregivers for home health care and institutions, home infusion and other therapies, and management services to hospital-based home health agencies. In 1997, Olsten Corporation employed approximately 670,000 people serving approximately 625,000 client/patient accounts. The Company achieved 1997 systemwide sales of $4.8 billion and revenues of $4.1 billion. Information contained in this news release, other than historical information, should be considered forward-looking and is subject to various risk factors and uncertainties. For instance, the Company's strategies and operations involve risks of competition, changing market conditions, changes in laws and regulations affecting our industries and numerous other factors discussed in this release and in the Company's filings with the Securities and Exchange Commission. Accordingly, actual results may differ materially from those in any forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. .
CONTACT: Olsten Corp., Melville
David R. Fluhrer
Vice President-Communications
516/844-7590
olsten.comms@olsten.com
www.olsten.com
or
Anthony J. Puglisi
Senior Vice President-Finance
516/844-7110
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