Labor Ready Announces New $100 Million Stock Purchase Authorization

  
    
  
  
    
      Labor Ready, Inc. (NYSE:LRW) today announced that its Board of Directors 
      has authorized the purchase of up to an additional $100 million of Labor 
      Ready common stock in either open market or private transactions.
    
    
      “We have purchased $176 million of Labor Ready 
      common stock over the last 12 months, and we plan to complete the new 
      $100 million authorization over the next 12 months,” 
      said Labor Ready CEO Steve Cooper. “As we 
      looked at our capital-management choices, we chose to increase our stock 
      buyback efforts given our confidence in the company’s 
      growth prospects. This buyback will not affect our ability to capitalize 
      on strategic acquisitions that expand our reach in blue-collar staffing.”
    
    
      The statements regarding our stock repurchase plans may constitute 
      forward-looking statements within the meaning of the federal securities 
      laws. While we believe that the statements are reasonable, they 
      are subject to risks and uncertainties, and our actual repurchases may 
      differ due to, unexpected requirements for cash, including for 
      acquisitions, changes in Labor Ready’s 
      business prospects, the market price of Labor Ready’s 
      stock, unexpected changes in the financial market conditions, and any 
      other factors listed or discussed in the reports filed by Labor Ready 
      with the Securities and Exchange Commission under the Securities 
      Exchange Act of 1934. Labor Ready does not undertake, and 
      expressly disclaims any obligation, to update or alter its statements 
      whether as a result of new information, future events or otherwise, 
      except as required by law.
    
    
      About Labor Ready
    
    
      Labor Ready is an international provider of temporary employees for 
      manual labor, light industrial and skilled construction trades, 
      operating under the brand names of Labor Ready, Labour Ready, Workforce, 
      Spartan Staffing, and CLP Resources. Labor Ready’s 
      customers are primarily small to mid-sized businesses in the 
      construction, warehousing, hospitality, landscaping, transportation, 
      light manufacturing, retail, wholesale, facilities and sanitation 
      industries. Annually, Labor Ready serves more than 300,000 customers and 
      puts approximately 600,000 people to work through its more than 900 
      branch offices in the United States, Canada, and the United Kingdom. For 
      additional information, visit Labor Ready’s 
      website at www.laborready.com.