Staffline Regulatory News (STAF)

24 May 2005 07:01

Staffline Recruitment Group plc24 May 2005 For immediate release 24 May 2004 STAFFLINE RECRUITMENT GROUP PLC AGM Trading Update Staffline Recruitment Group plc, a leading provider of recruitment andoutsourced HR services to industry, is holding its Annual General Meeting today,Tuesday 24th May 2005. The Board is pleased to report that the results for the four months ended 30April 2005 have been significantly ahead of the same period last year and are inline with expectations. This performance, achieved against the well-documented backdrop of subduedconsumer spending, is testament to our stated strategy of focusing on non-cyclical sectors such as food production, which now accounts for more than twothirds of our revenues. The five new OnSite locations announced in March are all performing well, inline with our budget expectations, and we are seeing continued momentum in ourpipeline of OnSite prospects. Commenting on the trading update, Andy Hogarth, Staffline's Managing Director,said: "All the Company's key performance indicators are moving in the right direction.We have a solid pipeline of OnSite opportunities and our Techsearch divisionhas continued to enjoy increased levels of demand. "The growth of the Group to date provides a firm base from which we areconfident of continued progress throughout the current year." Staffline intends to make a further update on trading at the beginning of Julyfollowing its half year ending 30 June 2005. Ends www.staffline.co.uk For further information, please contact: Staffline Recruitment Group plc 0115 950 0885Andy Hogarth, Managing Director Smithfield 07884 494112 / 020 7360 4900Katie Hunt / Sarah Richardson Note to Editors: Staffline Recruitment Group plc's main business is as a specialist supplier of"blue collar" temporary and contract staff to industry through a network of 17branches and 40 OnSite locations nationwide. The Group also has a smaller butgrowing division called Techsearch which specialising in temporary and permanentplacements in the engineering and FMCG sectors and operates from 4 branches. The Group, which is managed from a head office in Nottingham, was founded in1986 and was admitted to AIM in December 2004 (Ticker: STAF.L). This information is provided by RNS The company news service from the London Stock Exchange