Select Personnel Services is proud to announce the successful acquisition of RemedyTemp, Inc.  Select acquired the outstanding shares of RemedyTemp for $17.00 per share cash, or approximately, $169 million, representing an approximate 39% premium over Remedy Temp’s May 10, 2006 closing stock price of $12.20 per share. 

“It was a smooth transaction and all parties are looking forward to a great union.  Taking the best from both companies and forming an even stronger player in the staffing industry,” says Steve Sorensen, Select Personnel Services’ President and CEO.

Founded in Santa Barbara in 1985, privately-held Select Personnel Services is one of the nation’s largest and fastest-growing, full-service staffing companies, tallying more than $500 million in revenues in 2005. Combined with RemedyTemp’s revenues of $514 million for its most recent fiscal year ended October 2005, makes the newly formed SelectRemedy the largest privately-held company in California and one of the top 10 nationwide ranked by revenue. 

As of midnight, June 30th, the company will begin doing business as SelectRemedy within California and the transition of all offices outside of the state to Remedy Intelligent Staffing.  

RemedyTemp, a national staffing organization with offices throughout North America, brings with it a chain of successful franchises and 2 specialty-staffing divisions, Talent Magnet and RemX Specialty Staffing.  Talent Magnet is the premier source for top business talent.  RemX Specialty Staffing is comprised of 3 sub-divisions – RemX Financial, RemX IT, and RemX OfficeStaff. 

RemX Financial specializes in the placement of accounting and financial professionals. RemX IT provides IT professionals with expertise spanning the information technology spectrum.  RemX OfficeStaff provides a complete range of administrative professionals.

Combined, SelectRemedy draws from more than 60 years of expertise in the recruiting industry.  The extra-mile service of Select Personnel Services, plus the unparalleled recruitment expertise of Remedy Intelligent Staffing will form one business partner who specializes in elevating client’s workforces to the highest level of efficiency and productivity.  SelectRemedy will offer its clients extensive screening, nationwide recruiting, specialty staffing solutions, payroll and time attendance management, on-site management, proactive safety programs, and customized solutions.  

With a larger branch network across the nation, Select Remedy will help its associates build successful careers in various industries including accounting, clerical, customer service, insurance, industrial, legal manufacturing, medical, mortgage, technical, and more.  SelectRemedy’s associate services include resume building, interviewing tips, training, and continued job support.  

Headquartered in Santa Barbara, SelectRemedy xxx plus offices nationwide. SelectRemedy offers temporary, temp-to-hire, and direct placement positions — primarily in the clerical, accounting, customer service, mortgage, industrial, and technical fields — and puts more than xxxxx employees to work at thousands of companies every week.

For its clients, SelectRemedy provides a full range of employment solutions, from recruiting and pre-screening professional job seekers to delivering such valuable extras as accounting/payroll, risk reduction, training, and on-site supervising services.

For more information on SelectRemedy, please visit the company’s website at www.selectpersonnel.com.