PORTLAND, Ore., June 19 /PRNewswire/ --
Barrett Business Services, Inc. (Nasdaq: BBSI) announces that its application
to The Nasdaq Stock Market to transfer the listing of the Company's common
stock from the National Market tier to the SmallCap Market listing tier has
been accepted, effective at the opening of business on June 20, 2001.
William W. Sherertz, President and Chief Executive Officer stated that:
"The listing requirements of the SmallCap Market are more closely aligned with
the current market capitalization of our Company. We expect this change to be
completely transparent to our shareholders."
Barrett Business Services, Inc. is a human resource management company
with offices in ten states serving customers throughout 22 states. For 2000,
Barrett reported revenues of $322.5 million and net income of $2.1 million.
Statements in this release about future events or performance are
forward-looking statements, which involve known and unknown risks,
uncertainties and other factors that may cause the actual results of the
Company to be materially different from any future results expressed or
implied by such forward-looking statements. Factors that could affect future
results include economic conditions in the Company's service areas, the effect
of changes in the Company's mix of services on gross margin, and future
workers' compensation claims experience, among others. Although
forward-looking statements help to provide complete information about the
Company, readers should keep in mind that forward-looking statements may be
less reliable than historical information.
MAKE YOUR OPINION COUNT - Click Here
SOURCE Barrett Business Services, Inc.
Web site: http: //www.barrettbusiness.com
CONTACT: William W. Sherertz, President and Chief Executive Officer of Barrett Business Services, Inc., 503-220-0988