Kelly Services Files Shelf Registration
25 Gennaio 2007 - 1:31PM
PR Newswire (US)
TROY, Mich., Jan. 25 /PRNewswire-FirstCall/ -- Kelly Services,
Inc., (NASDAQ:KELYANASDAQ:KELYB) a global provider of staffing
services, today announced that it had filed a shelf registration
statement with the Securities and Exchange Commission. (Logo:
http://www.newscom.com/cgi-bin/prnh/19991208/KELLYLOGO ) Carl T.
Camden, President and Chief Executive Officer stated, "Today the
Company filed a shelf registration statement with the SEC covering
a possible sale of up to 5.232 million Kelly class A shares by a
group of selling shareholders, primarily trusts controlled by
Terence E. Adderley, Chairman of the Board of Directors. The
Company will not receive any of the proceeds from the sale of
shares by the selling shareholders. The selling shareholders have
informed the Company that they intend to sell the shares covered by
the shelf registration statement through one or more underwritten
offerings. The primary purpose of the sales would be to provide
liquidity to pay estate taxes in connection with the estates of
William R. Kelly and Margaret A. Kelly. The Company expects that
the sale of shares by the selling shareholders will take place
during the first six months of 2007, pending market conditions." 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
these securities be accepted prior to the time the registration
statement becomes effective. This release contains statements that
are forward looking in nature and accordingly, are subject to risks
and uncertainties. These factors include: competition, changing
market and economic conditions, currency fluctuations, changes in
laws and regulations, including tax laws, and other factors
discussed in this release and in the company's filings with the
Securities and Exchange Commission. Actual results may differ
materially from any projections contained herein.
http://www.newscom.com/cgi-bin/prnh/19991208/KELLYLOGO DATASOURCE:
Kelly Services, Inc. CONTACT: Media, Renee Walker, +1-248-244-5362,
or , or Analyst, James Polehna, +1-248-244-4586, or Web site:
http://www.kellyservices.com/
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