| Ticker: WSTF | 301 Lennon Lane | |
| Exchange: NASDAQ-National Market | Walnut Creek, California 94598-2453 | |
| Industry: Service | (510) 930-5300 |
| Type of Shares: | Common Shares | Filing Date: | 10/24/94 | |
| U.S. Shares: | 2,000,000 | Offer Date: | 4/30/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $11.00 - $13.00 | |
| Primary Shares: | 1,500,000 | Offer Price: | $14.00 | |
| Secondary Shares: | 500,000 | Gross Spread: | $0.98 | |
| Offering Amount: | $24,000,000 | Selling: | $0.58 | |
| Expenses: | $525,000 | Reallowance: | $0.10 | |
| Shares Out After: | 10,338,116 |
| Manager | Tier | Phone |
| Unterberg Harris | Lead Manager | (212) 888-5609 |
| George K. Baum & Company | Co-manager | (816) 283-5332 |
| Auditor: Price Waterhouse | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 10/28/95 | 1/20/96 | 1/21/95 | 1/20/96 | ||
| Revenue: | $399.66 | $98.03 | $84.03 | Assets: | $94.64 |
| Net Income: | $7.46 | $1.59 | $1.39 | Liabilities: | $60.69 |
| EPS: | $0.84 | $0.18 | $0.16 | Equity: | $33.95 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is an international provider of temporary staffing services to businesses, government agencies and health care organizations. The company operates through a network of over 340 offices in 44 states and five foreign countries. The Company differentiates itself from other large temporary staffing companies by focusing on providing entry-level light industrial, clerical and light technical personnel services in regional and local markets. The Company believes these markets are less competitive and less costly to operate in than major metropolitan markets. The Company has established a decentralized and entrepreneurial management structure, with each office operating as a separate profit center. The Company believes this structure allows it to recruit and retain highly motivated managers who have demonstrated the ability to succeed in a competitive environment. |
| Use of Proceeds |
| Proceeds from the offering will be used to repay certain indebtedness and for working capital and other general corporate purposes. |
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