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 trading of the Company’s common stock on the NYSE will be suspended 
      effective at the opening of the market on Monday, December 15, 2008. The 
      decision to suspend trading was the result of the Company falling out of 
      compliance with the NYSE’s continued listing standards. The Company is 
      considered below criteria since its market capitalization was less than 
      $25 million over a 30 trading-day period.
    
    
      Under applicable NYSE procedures, the Company has 10 days from the 
      receipt of the notice to appeal the decision with the NYSE; however, at 
      the present time, the Company does not expect to submit an appeal.
    
    
      The Company is submitting an application for listing on the OTCQX and 
      expects to commence trading on that market on Monday, December 15, 2008. 
      The Company will announce its new ticker symbol for trading on the OTCQX 
      as soon as it becomes available.
    
    
      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 the OTCQX approving 
      our application for listing , 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.