Hall, Kinion & Associates (NASDAQ:HAKI)
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Hall Kinion Expects First Quarter 2004 Revenues of $30 to $32
Million With an Operating Loss
NOVATO, Calif., April 6 /PRNewswire-FirstCall/ -- Hall, Kinion & Associates,
Inc. today commented on operating results for first quarter of 2004.
Brenda C. Rhodes, Chairman and Chief Executive Officer of Hall Kinion stated,
"We are expecting first quarter revenues to be in the range of $30.0 to $32.0
million with an operating loss. Particularly, late in the quarter we have seen
improvements in both Technology and OnStaff(R) and we believe the environment
for both divisions is improving. We are excited to see the market starting to
firm up and believe that this will help us build momentum as we join the Kforce
family."
About Hall,Kinion & Associates
Hall, Kinion & Associates, Inc., The Talent Source(R) for specialized
professionals, delivers world-class talent on a contract and full-time basis to
high-demand sectors. Hall Kinion finds, evaluates and places industry-specific
Technology and Corporate Professionals. Founded in 1991, Hall Kinion completed
its initial public offering in 1997. Hall Kinion operates two divisions, both
of which provide consultants and direct-hire talent: the Technology
Professional Division places highly-skilled experts in positions ranging from
software engineering to CTO into technology, financial services, healthcare,
government and energy sectors; and the Corporate Professional Services Division
(OnStaff) places specialists at all levels into real estate, financial services
and healthcare sectors. For the most current corporate and financial
information, visit Hall Kinion's Web site at http://www.hallkinion.com/.
The statements contained in this release that are not purely historical are
forward-looking statements within the meaning of Section 21E of the Securities
Exchange Act of 1934, including statements regarding Hall Kinion's expectations,
beliefs, hopes, intentions, models or strategies regarding the future. All
forward-looking statements included in this release are based upon information
available to Hall Kinion as of the date thereof, and Hall Kinion assumes no
obligation to update any such forward-looking statement. Actual results could
differ materially from Hall Kinion's current expectations. Factors that could
cause or contribute to such differences include, but are not limited to the rate
of hiring and productivity of sales and sales support personnel; the
availability of qualified professionals; changes in the relative mix between
contract and permanent placement services; changes in the pricing of Hall
Kinion's services; the timing and rate of entrance into or exit from new
geographic markets and the addition and closing of offices; the structure and
timing of acquisitions, changes in demand for professionals; changes in the
economic outlook for the high technology industry and general economic factors.
Please refer to the discussion of risk factors and other factors included in
Hall Kinion's Report on Form 10-Kfor the year ended December 28, 2003 and other
filings made with the Securities & Exchange Commission ("SEC").
This press release speaks only as of the date it was issued and readers are
cautioned that changes in general economic, business or other conditions or in
the business condition, financial results or operations of Hall Kinion may have
occurred since such date. Hall Kinion undertakes no duty to update the
information appearing in the press release. Also, subsequent press releases may
have been issued, subsequent public conference calls may have been held or
documents containing later or additional information may have been filed with
the SEC or NASDAQ or otherwise become available or come into existence.
DATASOURCE: Hall, Kinion & Associates, Inc.
CONTACT: investors, Martin Kropelnicki, Vice President & CFO of Hall,
Kinion & Associates, Inc., +1-415-895-2200
Web site: http://www.hallkinion.com/