In response to the growing demand on client companies to decrease per-unit costs, leading provider of light industrial staffing services Westaff, Inc. (NASDAQ:WSTF), today announced an innovative fixed-cost labor solution, Total Cost Management (TCM) Solutions. Best suited for high-volume, labor-based, production-oriented companies, TCM Solutions integrates the manufacturing and distribution expertise of engineering professionals into a traditional staffing model, and adds in fixed staffing costs to guarantee clients lower per-unit costs. Among the first staffing providers to offer this service model, Westaff begins operations of its TCM Solutions division immediately. �For more than 60 years Westaff has been pioneering strategic staffing solutions for our client companies,� commented CEO and Chairman Michael T. Willis. �The launch of our new TCM Solutions extends this tradition. By integrating and applying our staffing and productivity expertise to everyday operations, Westaff is able to forge true partnerships with client companies and positively impact their efficiency and bottom lines.� Westaff�s expert TCM solutions division is comprised of a team of senior engineering, manufacturing and distribution professionals who understand the demands placed on production facilities managers. Using a proprietary three-phased approach, The Westaff Engineered Solution, this team thoroughly researches and analyzes the economics of a client company�s production processes and then works directly with that company to design, blueprint and construct an individualized productivity plan. Westaff consultants then apply proven incentive-based pay programs to the streamlined production strategy, boosting productivity and lowering per-unit costs. �With more than 70 years of combined engineering, manufacturing and distribution experience, Westaff�s TCM Solutions team understands every step of the supply chain, as well as the challenges facing companies in today�s economic climate,� noted Westaff TCM Solutions National Director Jeff Jiampetti. �We apply this expertise to the unique demands of each of our clients, working with operations and human resources personnel to develop customized programs that maximize profits by striking the right balance between headcount and output.� For more information about Westaff�s TCM Solutions, please visit www.Westaff.com, or call Jeff Jiampetti at 702-656-3374. About Westaff Westaff provides staffing services and employment opportunities for businesses in global markets. Westaff annually employs in excess of 125,000 people and services more than 20,000 client accounts from 179 offices located throughout the United States, Australia and New Zealand. For more information, please visit our Web site at www.westaff.com. This press release contains forward-looking statements within the meaning of U.S. securities laws. Forward-looking statements in this release are generally identified by words such as "expects," "believes," "will," 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 expected delivery of improved performance during fiscal 2008, domestic revenues in the first quarter of fiscal 2008, continued gross margins, and first quarter net income for fiscal 2008. 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 risk and uncertainties cannot be controlled by the Company. These risks and uncertainties include, but are not limited to: risks related to control by a significant shareholder, an intensely priced competitive market, 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 Form 10-K for the year ended November 3, 2007. 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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