Kelly Services Posts 2009 Decline of Over 20 Percent

February 9, 2010 – Kelly Services, Inc./(NASDAQ:KELY), a global provider of workforce solutions, has posted revenue for the fourth quarter of 2009 of $1.2 billion, a seven percent decrease compared to the corresponding quarter in 2008. The company reported a net loss of $8.2 million, or 23 cents a share, compared with a loss of $88.7 million, or $2.55 a share, a year ago. Analysts polled by Thomson Reuters forecasted a loss of 23 cents a share. During the year, Kelly cut roughly 1,900 full-time employees and closed, sold or consolidated over 240 branch locations. For the year ending 2009, Kelly Services recorded revenue fell over 20 percent to 4.31 billion with a loss of $104.5 million, or $3 per share, compared with a loss of $82.2 million, or $2.37 per share in 2008. “Kelly has done an excellent job of re-shaping and strategically positioning the company to seize future growth opportunities and create value for our shareholders,” said Carl T. Camden, president and CEO. “We look forward to 2010, and will focus on maximizing profitability across all operations; accelerating growth of higher-margin professional and technical disciplines and outsourcing and consulting services; winning new business; and helping our customers manage their ever-changing workforce needs.”

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