| Ticker: SRSV | 5580 LBJ Freeway, Suite 300 | |
| Exchange: NASDAQ-National Market | Dallas, Texas 75380 | |
| Industry: Service | (214) 385-3002 |
| Type of Shares: | Common Shares | Filing Date: | 5/29/96 | |
| U.S. Shares: | 2,500,000 | Offer Date: | 7/29/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $15.00 - $17.00 | |
| Primary Shares: | 1,563,431 | Offer Price: | $14.00 | |
| Secondary Shares: | 936,569 | Gross Spread: | $0.98 | |
| Offering Amount: | $40,000,000 | Selling: | $0.57 | |
| Expenses: | $800,000 | Reallowance: | $0.10 | |
| Shares Out After: | 8,759,828 |
| Manager | Tier | Phone |
| Robinson-Humphrey Company, Inc., The | Lead Manager | (404) 266-6000 |
| Rauscher Pierce Refsnes, Inc. | Co-manager | (214) 978-5491 |
| Auditor: Price Waterhouse | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 4/2/95 | 3/31/96 | ||
| Revenue: | $141.83 | $40.83 | $29.94 | Assets: | $31.74 |
| Net Income: | $4.18 | $0.80 | $0.61 | Liabilities: | $13.64 |
| EPS: | $0.58 | $0.11 | $0.09 | Equity: | $18.11 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is a specialty staffing services firm that provides flexible staffing, traditionally known as temporary staffing, and permanent placement of professional and highly skilled personnel primarily in the areas of IT, accounting, and finance, etc. The company has recently expanded its service offerings to include the staffing of professional and highly skilled personnel in the areas of health care and legal services. The company believes that the ability to provide both flexible staffing and permanent placement of professional and highly skilled personnel in a broad spectrum of fields enables it to present integrated solutions to its clients' staffing needs and to attract highly qualified candidates. It further believes that the staffing of professional and highly skilled personnel in specialty niches generally includes longer term assignments than typical clerical temporary placement and offers the company the opportunity for greater growth and higher profitability. The company has offices in 52 markets throughout the United States and one in Canada. |
| Use of Proceeds |
| Proceeds from the offering will be used to repay certain indebtedness, to make capital improvements, and for general corporate purposes, including possible future acquisitions. |
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