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KELLY SERVICES ACQUIRES LEADING STAFF LEASING FIRM

 TROY, Mich., Jan. 3 /PRNewswire/ -- Kelly Services, Inc. (NASDAQ: KELYA, KELYB), America's leading provider of temporary help and other staffing services, today announced the acquisition of Your Staff, Inc., a California-based staff leasing firm, in a stock-for-stock exchange. Your Staff will be operated separately as a subsidiary of Kelly Services.
 The acquisition represents Kelly's entry into the rapidly growing staff leasing industry. Your Staff, Inc., employs more than 5,000 people in leased employment arrangements primarily in California. The company had sales of $100 million in 1992.
 Staff leasing firms provide all or substantially all of a client's workforce and furnish a range of payroll, employee benefits and benefits administration, workers' compensation and risk management, recruiting and training, and other human resources related services for client companies on an ongoing basis.
 "The Your Staff acquisition will complement Kelly's traditional temporary help business as well as its other staffing and human resources services," said Terence E. Adderley, Kelly Services president and chief executive officer. "We see numerous synergies between staff leasing and our other business lines.
 "Your Staff's success is a product of the company's careful management of the employer responsibilities it assumes on behalf of its client firms and a concern for the welfare of its leased employee staff," Adderley said.
 Your Staff was organized in 1980 by Gordon Brown, a pioneer and leader in the modern staff leasing industry. The Your Staff management team headed by Brown will continue to lead the company's operations following the acquisition.
 Kelly Services, with more than 900 offices, provides staffing and human resource management services throughout the United States, and in Puerto Rico, Canada, Mexico, the United Kingdom, Ireland, France, the Netherlands, Denmark, Norway, Australia and New Zealand.
 -0- 1/3/94
 /CONTACT: (media) Jeanne M. Nicol, 810-244-4305, or (analysts) Robert F. Stoner, 810-244-4362, both of Kelly Services/
 (KELY)


CO: Kelly Services, Inc.; Your Staff, Inc. ST: Michigan, California IN: SU: TNM

SM -- DE022 -- 8586 01/03/94 15:26 EST
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Publication:PR Newswire
Date:Jan 3, 1994
Words:328
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