Westaff to Announce Second Quarter Results
21 Mai 2007 - 10:41PM
Business Wire
Westaff, Inc. (NASDAQ:WSTF) intends to release financial results
for its second fiscal quarter ended April 14, 2007 after the market
closes on Thursday, May 24, 2007. Westaff will discuss these
results on a conference call at 8:00 AM Pacific time on Friday, May
25, 2007. The call will be accessible by dialing 1-877-407-0782
domestically or +1-201-689-8567 internationally. Westaff provides
staffing services and employment opportunities for businesses in
global markets. Westaff annually employs in excess of 100,000
people and services more than 15,000 client accounts from more than
200 offices located throughout the United States, the United
Kingdom, Australia and New Zealand. For more information, please
visit our website 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. 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 operating
results for the second quarter of fiscal 2007. The forward-looking
statements contained herein involve a number of assumptions, risks
and uncertainties. Actual results could differ materially from
estimates. Among the factors affecting future operating results
are: an intensely price competitive market, 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, variability on our heavy working capital needs and our
ability to borrow to meet those needs, our ability to borrow under
our credit facilities and our compliance with the debt covenants,
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,
potential exposure to employment-related claims, risks related to
control by a significant shareholder, 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 October 28,
2006. 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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