Business Services Industry
Kforce Inc. to Celebrate 10 Years of Trading on The NASDAQ Stock Market on August 16, 2005
Business Wire, August 15, 2005
TAMPA, Fla. -- Kforce Inc. (NASDAQ:KFRC), a professional staffing firm, today announced that it will open The NASDAQ Stock Market in a special event on August 16, 2005. The event celebrates the Company's 42 years in business and tenth NASDAQ trading anniversary. The Company's Chairman and CEO, David L. Dunkel and NASDAQ's Regional Vice President, Jeff Singer will preside at the ceremony.
Chairman and CEO, David L. Dunkel said, "For more than 40 years Kforce has provided our client's flexible and permanent staffing solutions in the skill areas of technology, finance & accounting, and health and life sciences. While we are extremely proud of our heritage, we believe that our best days are ahead of us. In our recently announced second quarter, flex revenues were at historic levels and our earnings exceeded the top end of analysts' consensus which, we believe, reflects our enhanced operating leverage. Positive operating trends for the Firm continued in Q2 as revenues grew sequentially for the seventh straight quarter, search revenues increased for the seventh straight quarter, the spread between bill rates and pay rates improved for the fifth straight quarter, and operating expenses as a percentage of revenue again declined." Continued David L. Dunkel, Kforce's Chairman and Chief Executive Officer; "Total Firm revenues in the second quarter were up 30.4% year over year. In addition, flex revenues for July were at all time record levels. We believe that our diversified specialty staffing revenue footprint offering both permanent placement and flexible staffing will provide solid growth for all of our stakeholders."
The Opening Bell will be Web cast live at http://www.kforce.com at 9:30 a.m. Eastern Time on August 16, 2005.
About Kforce
Kforce (NASDAQ:KFRC) is a professional staffing firm providing flexible and permanent staffing solutions for organizations in the skill areas of technology, finance & accounting, and health and life sciences. Backed by more than 1,600 staffing specialists, Kforce operates in 43 markets in North America. For more information, please visit our Web site at http://www.kforce.com.
Certain of the above statements are forward-looking statements that involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended. Factors that could cause actual results to differ materially include the following: business conditions and growth in the staffing industry and general economy; competitive factors, risks due to shifts in the market demand, including, without limitation, shifts in demand for our Health and Life Sciences, Finance and Accounting and Technology Groups, as well as the market for search and flexible staffing assignments; changes in the service mix; ability of the Firm to complete acquisitions; and the risk factors listed from time to time in the Firm's reports filed with the Securities and Exchange Commission, as well as assumptions regarding the foregoing. In particular, any statement related to Kforce's future growth are forward-looking statements. The words "should," "believe," "estimate," "expect," "intend," "anticipate," "foresee," "plan" and similar expressions and variations thereof identify certain of such forward-looking statements, which speak only as of the dates on which they were made. Additionally, any statements related to future integration and the leveraging of acquisitions are forward-looking statements. The Firm undertakes no obligation to publicly update or revise any forward-looking statements. As a result, such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ materially from those indicated in the forward-looking statements as a result of various factors. Readers are cautioned not to place undue reliance on these forward-looking statements.
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