Hall Kinion Expects First Quarter 2004 Revenues of $30 to $32 Million With an Operating Loss
April 06 2004 - 7:30AM
PR Newswire (US)
Hall Kinion Expects First Quarter 2004 Revenues of $30 to $32
Million With an Operating Loss NOVATO, Calif., April 6
/PRNewswire-FirstCall/ -- Hall, Kinion & Associates, Inc. today
commented on operating results for first quarter of 2004. Brenda C.
Rhodes, Chairman and Chief Executive Officer of Hall Kinion stated,
"We are expecting first quarter revenues to be in the range of
$30.0 to $32.0 million with an operating loss. Particularly, late
in the quarter we have seen improvements in both Technology and
OnStaff(R) and we believe the environment for both divisions is
improving. We are excited to see the market starting to firm up and
believe that this will help us build momentum as we join the Kforce
family." About Hall,Kinion & Associates Hall, Kinion &
Associates, Inc., The Talent Source(R) for specialized
professionals, delivers world-class talent on a contract and
full-time basis to high-demand sectors. Hall Kinion finds,
evaluates and places industry-specific Technology and Corporate
Professionals. Founded in 1991, Hall Kinion completed its initial
public offering in 1997. Hall Kinion operates two divisions, both
of which provide consultants and direct-hire talent: the Technology
Professional Division places highly-skilled experts in positions
ranging from software engineering to CTO into technology, financial
services, healthcare, government and energy sectors; and the
Corporate Professional Services Division (OnStaff) places
specialists at all levels into real estate, financial services and
healthcare sectors. For the most current corporate and financial
information, visit Hall Kinion's Web site at
http://www.hallkinion.com/. The statements contained in this
release that are not purely historical are forward-looking
statements within the meaning of Section 21E of the Securities
Exchange Act of 1934, including statements regarding Hall Kinion's
expectations, beliefs, hopes, intentions, models or strategies
regarding the future. All forward-looking statements included in
this release are based upon information available to Hall Kinion as
of the date thereof, and Hall Kinion assumes no obligation to
update any such forward-looking statement. Actual results could
differ materially from Hall Kinion's current expectations. Factors
that could cause or contribute to such differences include, but are
not limited to the rate of hiring and productivity of sales and
sales support personnel; the availability of qualified
professionals; changes in the relative mix between contract and
permanent placement services; changes in the pricing of Hall
Kinion's services; the timing and rate of entrance into or exit
from new geographic markets and the addition and closing of
offices; the structure and timing of acquisitions, changes in
demand for professionals; changes in the economic outlook for the
high technology industry and general economic factors. Please refer
to the discussion of risk factors and other factors included in
Hall Kinion's Report on Form 10-Kfor the year ended December 28,
2003 and other filings made with the Securities & Exchange
Commission ("SEC"). This press release speaks only as of the date
it was issued and readers are cautioned that changes in general
economic, business or other conditions or in the business
condition, financial results or operations of Hall Kinion may have
occurred since such date. Hall Kinion undertakes no duty to update
the information appearing in the press release. Also, subsequent
press releases may have been issued, subsequent public conference
calls may have been held or documents containing later or
additional information may have been filed with the SEC or NASDAQ
or otherwise become available or come into existence. DATASOURCE:
Hall, Kinion & Associates, Inc. CONTACT: investors, Martin
Kropelnicki, Vice President & CFO of Hall, Kinion &
Associates, Inc., +1-415-895-2200 Web site:
http://www.hallkinion.com/
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