Medical Staffing Network Holdings, Inc. Receives Notification of Non-Compliance from the New York Stock Exchange

  
    
  
  
    
      Medical Staffing Network Holdings, Inc. (Company) (NYSE: MRN) today 
      announced it has been notified by the New York Stock Exchange (NYSE) 
      that it is no longer in compliance with the NYSE’s 
      continued listing standards. The Company is considered below criteria 
      since the Company’s market capitalization was 
      less than $75 million over a 30 trading-day period and its shareholders’ 
      equity was less than $75 million. As of October 3, 2008, the Company’s 
      30 trading-day average market capitalization was $67.4 million, and in 
      its quarterly report on Form 10-Q for the quarter ended June 29, 2008, 
      the Company reported shareholders’ equity of 
      $67.8 million.
    
    
      Under applicable NYSE procedures, the Company has 45 days from the 
      receipt of the notice to submit a plan to the NYSE to demonstrate its 
      ability to achieve compliance with the continuing listing standards 
      within 18 months. The Company intends to submit such a plan.
    
    
      Company Summary
    
    
      Medical Staffing Network Holdings, Inc. is the third largest diversified 
      healthcare staffing company in the United States as measured by 
      revenues. The Company is the leading provider of per diem nurse staffing 
      services and is also a leading provider of travel, allied health and 
      vendor managed services.
    
    
      This press release includes certain forward-looking statements within 
      the meaning of the Private Securities Litigation Reform Act of 1995. 
      These statements include all statements other than those made solely 
      with respect to historical fact. These statements involve known and 
      unknown risks, uncertainties and other factors that may cause the 
      registrant’s actual results and performance to 
      be materially different from any future results or performance expressed 
      or implied by these forward-looking statements. These factors include 
      our ability to prepare a plan to achieve compliance that is acceptable 
      to the NYSE, our ability to reasonably maintain the goals of that plan, 
      our ability to achieve compliance with the continuing listing standards 
      within 18 months, and other factors, which can be found in our Form 10-K 
      for the year ended December 30, 2007 and our other filings with the 
      Securities and Exchange Commission. Forward-looking statements in this 
      press release should be evaluated in light of these important factors. 
      Although the registrant believes that these statements are based upon 
      reasonable assumptions, the registrant cannot provide any assurances 
      regarding future results. The registrant undertakes no obligation to 
      revise or update any forward-looking statements, or to make any other 
      forward-looking statements, whether as a result of new information, 
      future events or otherwise.