EX-99.1 2 a06-14692_1ex99d1.htm EX-99

 

 

                News Release                                                        n      n      n      n

 

 

 

 

 

FOR:

REMEDYTEMP, INC.

 

 

 

 

CONTACT:

Monty Houdeshell

 

 

Senior Vice President and

 

 

Chief Administrative Officer

 

 

(949) 425-7600

 

 

 

 

 

Roger Pondel/Rob Whetstone

 

 

PondelWilkinson Inc.

 

 

(310) 279-5980

REMEDYTEMP SHAREHOLDERS APPROVE AGREEMENT

TO BE ACQUIRED BY SELECT PERSONNEL

 

ALISO VIEJO, CA — June 29, 2006 — RemedyTemp, Inc. (NASDAQ:REMX) today announced that its shareholders have approved an agreement to be acquired by Santa Barbara-based Select Personnel Services. The transaction is expected to be effective June 30, 2006, when RemedyTemp will cease being a publicly traded company.

 

The terms of the agreement provide for privately-held Select to acquire all the outstanding shares of RemedyTemp for $17.00 per share in cash, equal to approximately $169 million.

 

About Select Personnel Services

Founded in Santa Barbara in 1985, Select Personnel Services, with annual revenues in excess of $500 million, currently operates more than 50 offices nationwide.  In addition to pre-qualified, motivated employees, Select boasts a team of experts in human resources, technology, risk management, and labor and employment law to meet every employer’s needs.  Select provides employment solutions to a wide variety of companies, including manufacturing, industrial, clerical, accounting, technical, and professional services.  For additional information, visit www.selectpersonnel.com.

 

About RemedyTemp

RemedyTemp, with 230 offices throughout North America, is a professional staffing organization focused on delivering human capital workforce solutions in various business sectors. The company operates under the brands Remedy® Intelligent Staffing, Talent Magnet™ by Remedy and RemX® Specialty Staffing.  For additional information, visit www.remedytemp.com.

#               #               #