TALX Reports Congressional Reinstatement of Federal WOTC/WtW Tax Credits

Business Wire, Dec 11, 2006

ST. LOUIS -- TALX Corporation (NASDAQ: TALX) today reported that the United States Congress has passed legislation reinstating the Federal Work Opportunity ("WOTC") and Welfare to Work ("WtW") tax credits retroactively to January 1, 2006, when these tax credits went into hiatus. The legislation, which remains subject to Presidential approval, reinstates the WOTC and WtW tax credit programs through December 31, 2007 and, beginning January 1, 2007, expands eligibility for the WOTC tax credit, including extending the age for food stamp recipients from 25 to 40 and removing the ceiling on family income for ex-felons.

William W. Canfield, president and chief executive officer, commented, "We are very pleased that these credits will be restored retroactively, providing our clients valuable tax relief and, at the same time, assisting a variety of individuals in securing gainful employment. TALX expects to begin realizing revenues related to these tax credits in our fiscal fourth quarter ending March 31, 2007. During the first six to nine months of calendar year 2007, we anticipate recognizing revenues related to both the hiatus period and the credits submitted for qualification in 2007. We appreciate that our Congress continues to support these valuable programs and hope the President signs the bill soon."

Statements in this news release expressing or indicating the beliefs and expectations of management regarding future performance are forward-looking statements including, without limitation, anticipated revenues related to tax credits to be realized in fiscal and calendar year 2007, and any other plans, objectives, expectations and intentions contained in this release that are not historical facts. These statements reflect our current views with respect to future events and are based on assumptions and subject to risks and uncertainties. These risks and uncertainties include, without limitation, whether the President ultimately approves and signs the legislation and the level of activity by customers of our WOTC and WtW tax credit and incentive services. These risks, uncertainties and other factors may cause our actual results, performance or achievements to be materially different from those expressed or implied by our forward-looking statements. We do not undertake any obligation or plan to update these forward-looking statements, even though our situation may change.

TALX Corporation, based in St. Louis, Missouri, is a leading provider of human resource and payroll-related services and holds a leadership position in automated employment and income verification as well as unemployment tax management. TALX provides over 9,000 clients, including three-fourths of Fortune 500 companies, with Web-based services focused in three employment-related areas: hiring, pay reporting, and compliance. Hiring services include assessments and talent management, paperless new hires, and tax credits and incentives. Pay reporting services include electronic time tracking, paperless pay, and W-2 management. Compliance services include employment and income verifications through The Work Number, unemployment tax management, and I-9 management. The company's common stock trades in The NASDAQ Global Select Market under the symbol TALX. For more information about TALX Corporation, call 314-214-7000 or access the company's Web site at www.talx.com.