Barrett Business Services, Inc. Announces Acquisition of TSU Staffing

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PORTLAND, Ore., June 1 /PRNewswire/ -- Barrett Business Services, Inc.

(Nasdaq: BBSI) today announced the acquisition of TSU Staffing ("TSU")

headquartered in Concord, California pursuant to an asset purchase agreement

effective May 31, 1999. The all-cash transaction, valued at approximately

$10.5 million, includes a one-year note payable for approximately

$0.9 million.

TSU, a privately-held staffing services company, operates nine branch

offices in Northern California. TSU's business mix of fifty percent clerical

and fifty percent light industrial generated revenues of $25.0 million for the

year ended December 27, 1998. Vincent Sinni, TSU's Director of Business

Development, was appointed Area Managing Director of Barrett and will have

managerial responsibility for TSU's nine offices.

William W. Sherertz, Barrett's President and Chief Executive Officer,

commented, "We are very pleased with the opportunity to expand and strengthen

our market share in Northern California through such a successful and quality


Barrett Business Services, Inc. is a human resource management company

with offices in ten states. For 1998, Barrett reported revenues of

$303.0 million and net income of $3.8 million.
SOURCE Barrett Business Services, Inc.
Web site: http: //
Company News On-Call: http: // or fax, 800-758-5804, ext. 082187
CONTACT: William W. Sherertz, President and Chief Executive Officer of Barrett Business Services, 503-220-0988