Labor Ready Enters into New Stock Repurchase Plan
June 09 2006 - 6:03PM
Business Wire
Labor Ready, Inc. (NYSE:LRW) today announced that its Board of
Directors has authorized the purchase of up to 1.0 million shares
of Labor Ready common stock in either open market or private
transactions. The company also announced that it successfully
completed a previously authorized plan to repurchase approximately
1.2 million shares of Labor Ready common stock announced on April
19, 2006. About Labor Ready Labor Ready is an international
provider of temporary employees for manual labor, light industrial
and skilled construction jobs, operating under the brand names of
Labor Ready, Workforce, Spartan Staffing, and CLP Resources. Labor
Ready's customers are primarily small- to mid-sized businesses in
the transportation, warehousing, hospitality, landscaping,
construction, light manufacturing, retail, wholesale, facilities
and sanitation industries. Annually, Labor Ready serves
approximately 300,000 customers and puts more than 600,000 people
to work through its more than 900 branch locations in the United
States, Canada, and the United Kingdom. For additional information,
visit Labor Ready's website at www.laborready.com. Certain
statements made by Labor Ready, Inc. in this release may constitute
forward-looking statements within the meaning of the federal
securities laws. These include a statement concerning expected
commencement of repurchases under the stock repurchase plan. In
addition, when we use words such as "will," "should," "believes,"
"expects," "anticipates," "estimates" or similar expressions, we
are making forward-looking statements. While we believe any
forward-looking statements we have made are reasonable, they are
subject to risks and uncertainties, and actual results could differ
materially. These risks and uncertainties include, but are not
limited to, unexpected requirements for cash, including for
acquisitions, changes in Labor Ready's business prospects, the
market price of Labor Ready's stock, unexpected changes in the
financial market conditions, and any other factors listed or
discussed in the reports filed by Labor Ready with the Securities
and Exchange Commission under the Securities Exchange Act of 1934.
Labor Ready does not undertake, and expressly disclaims any
obligation, to update or alter its statements whether as a result
of new information, future events or otherwise, except as required
by law.
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