Westaff, Inc., (NASDAQ:WSTF) a leading provider of staffing services, announced that Michael T Willis has been elected President and Chief Executive Officer effective May 1, 2007. Michael Willis, a prominent staffing industry executive, founded Talent Tree Inc, a clerical and administrative staffing company in Houston, TX in 1976. He founded COREStaff, Inc in 1993. In 1995, COREStaff became a publicly traded company and later began operating as Metamor Worldwide, Inc, one of the largest national providers of information technology services. �Westaff is a great company, and I am very excited about our significant growth opportunities for the future," said Mr. Willis. Simultaneously, Westaff announced that Trish Newman resigned her position as President and Chief Executive Officer. Ronald D. Stevens, Vice Chairman of the Board, explained �Trish Newman did an outstanding job adding value during her two year tenure. In those two years, the price of the company�s stock increased substantially and she led the company to a point where the principal shareholders were able to gain liquidity for their large stock position. Under her leadership Westaff launched new service lines in the U.S., including Permanent Placements, which was substantially profitable in its first year of operations, and West-Tek, an independent IT branch network.� Trish Newman will stay on for a transition period in an interim capacity as a consultant and advisor to the company to assist the new management team. Michael Willis, together with H.I.G. Capital LLC, through its affiliates, acquired 8,262,696 shares of Westaff common stock in February 2007, amounting to approximately 49.7% of the company�s common stock About Westaff Westaff provides staffing services and employment opportunities for businesses in global markets, servicing more than 15,000 client accounts from more than 230 offices located throughout the United States, the United Kingdom, Australia and New Zealand. Westaff provides client companies with 125,000 temporary and permanent placement employees annually in the areas of administration, call centers and light industry. For more information, please visit our Web site at www.westaff.com. This press release contains forward-looking statements as defined in the Securities Exchange Act of 1934, and is subject to the safe harbors created by law. Forward-looking statements contained herein include, but are not limited to, statements regarding the Company's future growth, profitability, expansion in key markets, and the significance of any change in managerial personnel to the Company's ability to achieve any of these goals. 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. 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 Form 10-K, Form 10-Q, Form 8-K and other filings.
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