Diversified Corporate Resources Announces Restructuring of Its Operations

Diversified Corporate Resources Announces Restructuring of Its
Operations 


DALLAS, Aug. 4  /PRNewswire-FirstCall/ -- Diversified Corporate Resources, Inc.
(AMEX:HIR) (the "Company") has undertaken several major restructuring
initiatives over the past thirty days.  Under a plan approved by the Board,
management has begun to implement the cost reduction phase of the plan.  The
Company has begun closing under-performing operating units, reducing headcount,
implementing changes in field management, and consolidating several agencies. 
During this same period, the Company has also experienced an improvement in
direct placement and temp revenues, compared to the prior thirty-day period.

In future phases of the plan, the Company anticipates implementing new
marketing programs, further restructuring management responsibilities, and
reviewing other strategies to increase shareholder value.  Management believes
that these changes are key to the long-term success and competitiveness of the
Company.

In conjunction with the restructuring, the Company has engaged DSJ Consulting
to supervise efforts to facilitate strategic restructuring and assist the
Company in the review of all strategic alternatives available to maximize
shareholder value.

The Company has also entered into a forbearance agreement with Greenfield
Commercial Credit, Inc., its lender.  Under the forbearance agreement, the
Company has agreed to either pay all past due Section 941 taxes or enter into a
formal payment plan with the IRS within 90 days.  The Company is working
diligently toward resolving the IRS tax issue, reported by the Company on June
8, 2004, and completing the financial reports necessary to resume the trading
of its common stock.

Diversified Corporate Resources, Inc. is a national employment services and
consulting firm, servicing Fortune 500 and larger regional companies with
permanent recruiting and staff augmentation in the fields of Engineering,
Information Technology, Healthcare, BioPharm and Finance and Accounting.  The
Company currently operates a nationwide network of nine regional offices.

Statements in this Press Release that are not historical facts, including, but
not limited to, projections or expectations of future financial or economic
performance of the Company, and statements of our plans and objectives for
future operations are "forward-looking" statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended and involve a number of risks and
uncertainties.  No assurance can be given that actual results or events will
not differ materially from those projected, estimated, assumed or anticipated
in any such "forward-looking" statements.  Important factors (the "Cautionary
Disclosures") that could result in such differences include: general economic
conditions in our markets, including inflation, recession, interest rates and
other economic factors; the availability of qualified personnel; our ability to
successfully integrate acquisitions or joint ventures with our operations
(including the ability to successfully integrate businesses that may be diverse
as to their type, geographic area or customer base); the level of competition
experienced by us; our ability to implement our business strategies and to
manage our growth; the level of development revenues and expenses; the level of
litigation expenses, and other factors that affect businesses generally. 
Subsequent written and oral "forward- looking" statements attributable to us,
or persons acting on our behalf, are expressly qualified by the Cautionary
Disclosures. 

DATASOURCE: Diversified Corporate Resources, Inc.



CONTACT:  Jim Blackman of PR Financial Marketing LLC, [phone], or

 , for Diversified Corporate Resources,

Inc.



Web site:  http://www.dcri.net/ 

Copyright