Company Developments: The Turnaround

• Built New & Experienced Leadership Team
  • General Staffing and Healthcare Staffing Industry Experience
  • Public Company/Executive Management Experience
• Sold PEO to Gevity in November 2003
  • PEO Was Low Margin, Capital Intensive Business
  • Provided Capital to Focus on Core Healthcare Staffing Business
• Reduced Corporate Overhead Costs
  • Cut $3.5 million in Annualized Costs in FYE 2004
  • Streamlined $1.0m in Additional Annualized Rx & Corporate Overhead in 3Q 2005

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