Westaff Announces New Relationship With SIRVA, Inc.
20 Novembre 2008 - 7:32PM
Business Wire
Westaff, Inc. (NASDAQ:WSTF),�a leading provider of staffing
services, announced today that it has established a staffing
relationship with SIRVA, Inc. Under the terms of the agreement,
Westaff will act as a single source provider by centralizing and
managing SIRVA�s contingent staffing program. As part of the
staffing portfolio, Westaff will be providing in-depth recruiting
and placement for SIRVA�s administrative, clerical and information
technology divisions in 8 offices nationally. �Our new relationship
with SIRVA is a testament to Westaff�s strength in delivering
quality solutions to well-known and respected companies,� noted
Westaff CEO and Chairman Michael T. Willis. �In addition, the
partnership underscores Westaff�s operational strength, as well as
the company�s ability to provide staffing solutions that are
mission-critical and fully integrated into our customers�
businesses.� �We are pleased to be working with Westaff to ensure
that our staffing needs are managed more efficiently,� said Meg
Pais, Vice President of Human Resources for SIRVA, Inc. �Westaff�s
commitment of providing the most experienced and qualified
personnel enables us to place the best candidates in the right
positions who will drive our business towards growth and success.�
SIRVA, Inc. is a leader in providing relocation solutions to a
well-established and diverse customer base around the world. The
company provides innovative ways for customers to achieve their
individual business goals, while providing global end-to-end
relocation services, including program development and management,
home purchase and home sale services, household goods moving, and
mortgage services. SIRVA conducts more than 300,000 relocations
every year, transferring corporate and government employees and
moving individual consumers. The company operates in more than 40
countries with approximately 3,000 employees and an extensive
network of agents and other service providers in over 175
countries. Other recognized brands include Allied, Allied
International, Allied Pickfords, Allied Special Products, DJK
Residential, Global, northAmerican, northAmerican International,
SIRVA Mortgage, SIRVA Relocation and SIRVA Settlement. About
Westaff Westaff provides staffing services and employment
opportunities for businesses in global markets. Westaff annually
employs more than 100,000 people and services thousands of client
accounts throughout the United States. For more information, please
visit the company Web site at www.westaff.com. This press release
contains forward-looking statements within the meaning of�the U.S.
securities laws. Forward-looking statements in this release are
generally identified by words such as �expects,� �believes,�
�will,� �should� and similar expressions that are intended to
identify forward-looking statements. You are cautioned not to place
undue reliance on these forward-looking statements, which speak
only as of the date hereof. All forward-looking statements are
qualified in their entirety by this cautionary statement.
Forward-looking statements contained herein include, but are not
limited to, statements regarding (i) Westaff's expectations
regarding the company's growth prospects; (ii) Westaff�s
expectation that it will continue its plans for growth and
expansion; (iii) that Westaff's relationship with DelStaff will
continue; and (iv) that Westaff will have access to capital under
the Subordinated Loan Agreement The forward-looking statements
contained herein involve a number of assumptions, risks and
uncertainties that could cause actual results to differ materially
from those expressed or implied by these forward-looking
statements. Many of these risks and uncertainties cannot be
controlled by the Company. These risks and uncertainties include,
but are not limited to: an intensely priced competitive market;
Westaff�s ability to continue to obtain a forbearance or that such
forbearance would be on terms acceptable to Westaff; our
significant working capital needs and our ability to borrow to meet
those needs; our ability to borrow under our credit facilities and
our compliance with their debt covenants; variability of the amount
of collateral that we are required to maintain to support our
workers� compensation obligation; the sufficiency of our workers�
compensation claims reserve; variability of employee-related costs,
including workers� compensation liabilities; possible adverse
effects of fluctuations in the general economy; our ability to
collect on our accounts receivable; risks related to franchise
agent operations; risks related to international operations and
fluctuating exchange rates; reliance on executive management and
key personnel; our ability to attract and retain the services of
qualified temporary personnel; the ability of our customers to
terminate our service agreement on short notice; variability of the
cost of unemployment insurance for our temporary employees; any
difficulty with our information technology system; government
regulation; potential exposure to employment-related claims; the
volatility of the Company�s stock price; increased regulatory
compliance costs; and�litigation and other claims. Additional
information concerning the risks and uncertainties listed above,
and other factors you may wish to consider, is contained in the
Company�s filings with the Securities and Exchange Commission,
including the Company�s most recent�Annual Report on Form�10-K for
the year ended November�3, 2007 and Quarterly Report on Form 10-Q
for the quarterly period ended July 12, 2008. Forward-looking
statements are based on the beliefs and assumptions of the
Company's management and on currently available information. The
Company undertakes no responsibility to publicly update or revise
any forward-looking statement except as required by applicable laws
and regulations.
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