PORTLAND, Ore., Nov. 25 /PRNewswire/ -- Barrett Business Services, Inc.
(Nasdaq: BBSI) announced today that it has acquired certain assets of
Professional Personnel, Inc. located in Downey, California for $195,000 in
Professional Personnel's annual revenues for the fiscal year ended
September 30, 1996 were approximately $2.4 million and generated a gross
margin of approximately seven percent. Professional Personnel currently
provides staff leasing services to approximately 50 companies principally in
the professional office and clerical fields. The acquisition is expected to
further improve operating economies at Barrett's new Orange County branch
Barrett Business Services is a human resource management company with
offices in Washington, Oregon, Idaho, California, Arizona, Maryland and
Delaware. Barrett reported revenues of $179.8 million and net income of
$4.1 million for 1995.
SOURCE Barrett Business Services Inc.
CONTACT: William W. Sherertz, President and Chief Executive Officer of Barrett Business Services, 503-220-0988