Labor Ready Announces New $75 Million Stock Repurchase Authorization

  
    
  
  
    
      Labor Ready, Inc. (NYSE:LRW) today announced that its Board of Directors 
      has authorized the repurchase of up to an additional $75 million worth 
      of Labor Ready common stock in either open market or private 
      transactions. The company also announced that it repurchased 1.6 million 
      shares of Labor Ready common stock during the fourth quarter of 2006 for 
      $29 million. In 2006, the company repurchased a total of 4.2 million of 
      its outstanding shares for a total of $89 million. The company has $13 
      million of common stock remaining for repurchase under a previous 
      authorization.
    
    
      The new $75 million authorization combined with the existing $13 million 
      authorization provides for the repurchase of up to $88 million worth of 
      the company’s common stock, which the company 
      plans to complete by the end of 2007.
    
    
      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.