CALABASAS, Calif., Nov. 1 /PRNewswire-FirstCall/ -- On Assignment, Inc. (NASDAQ:ASGN) announced today that it intends to offer 6,650,000 newly issued shares of its common stock under an effective shelf registration statement on file with the Securities and Exchange Commission. The Company also intends to grant to the underwriters of the proposed offering a 30-day option to purchase up to 997,500 newly issued shares of common stock outstanding to cover over-allotments, if any.
The Company expects to use the proceeds of this offering for potential future acquisitions of professional staffing businesses, working capital, capital expenditures and for general corporate purposes.
UBS Investment Bank will act as the sole book-running manager of this offering and SunTrust Robinson Humphrey, BMO Capital Markets and Ryan Beck & Co. will act as co-managers of this offering.
Copies of the preliminary prospectus supplement related to the offering may be obtained from: UBS Investment Bank, at UBS Securities LLC, Prospectus Department, 299 Park Avenue New York, NY 10171 ((212) 821-3000), SunTrust Robinson Humphrey, John Williams, Managing Director-Syndicated Finance at (404) 926-5450, BMO Capital Markets at 3 Times Square New York, NY 10171 ((212) 885-4032) or a Ryan Beck registered representative.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor will there by any sale of the securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
About On Assignment On Assignment, Inc. is a diversified professional staffing firm providing flexible and permanent staffing solutions in specialty skills including Laboratory/Scientific, Healthcare and Medical Financial & Health Information Services. The corporate headquarters are located in Calabasas, California. On Assignment, Inc. was founded in 1985 as Lab Support, Inc. and went public in 1992. The Company's branch network encompasses approximately 60 branch offices across the United States, the United Kingdom, the Netherlands and Belgium.
Safe Harbor Certain statements made in this news release are "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and involve a high degree of risk and uncertainty. All statements in this release, other than those setting forth strictly historical information, are forward looking statements. Forward-looking statements are not guarantees of future performance, and actual results might differ materially. Factors that could cause or contribute to such differences include actual demand for our services, our ability to attract, train and retain qualified staffing consultants, our ability to remain competitive in obtaining and retaining temporary staffing clients, the availability of qualified temporary nurses and other qualified temporary professionals, management of our growth, continued performance of our enterprise-wide information systems, and other risks detailed from time to time in our reports filed with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2005, as filed with the SEC on March 16, 2006. We specifically disclaim any intention or duty to update any forward-looking statements contained in this news release.
(Logo: http://www.newscom.com/cgi-bin/prnh/20041022/LAF035LOGO ) http://www.newscom.com/cgi-bin/prnh/20041022/LAF035LOGO http://photoarchive.ap.org/ DATASOURCE: On Assignment, Inc.
CONTACT: Mike Holtzman, SVP, Finance and Chief Financial Officer of On Assignment, Inc., +1-818-878-7900
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