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Monday, May 01, 2006
"As businesses become increasingly global, our clients require access to global talent," says Bill Olson, President and CEO, MRINetwork. "Although we have been franchising internationally for the past decade, we recognize the need to accelerate our growth. In partnership with this highly qualified group, we now have the opportunity to capitalize on the booming international market." The arrangement will enable MRINetwork to have a deeper penetration of global markets through rapid, controlled growth. "Collectively our experience in the world of franchising, along with the superior credentials of MRINetwork, positions us to bring outstanding value to our franchisees," says Michael Jalbert, CEO of MRI Worldwide Network Limited. Mr. Jalbert brings extensive experience in franchising to the role through his eight years as the Vice Chairman and Partner of ERA Europe, a real estate franchise network in 16 European countries.
Steve Mills, Senior VP Franchise Operations at MRINetwork in Philadelphia, has accepted the role of Chief Operating Officer with MRI Worldwide Network Limited. "My relationship with MRI began on the international side," he says, "and I feel that I am being given an opportunity to finish what I started." Former MRINetwork CEO Allen Salikof is also joining the new venture as Chief Development Officer, and will also sit on the Board of Directors. He will be responsible for developing new revenue streams and new markets.: MRI Network Worldwide Limited will be headquartered in London. MRINetwork's Windsor location will continue to serve as the base of operations.
About MRINetwork: Management Recruiters International, Inc, trading as MRINetwork (http://www.mrinetwork.com), is a subsidiary of staffing and outsourcing leader CDI Corp. (NYSE: CDI), a global provider of engineering and information technology outsource solutions and professional staffing (http://www.cdicorp.com). MRINetwork has nearly 1,100 offices in over 35 countries.
Caution Concerning Forward-Looking Statements: This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements that address expectations or projections about the future, including statements about our prospects for growth and future financial results, are forward- looking statements. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions that are difficult to predict. Actual outcomes and results may differ materially from what is expressed or forecasted in these forward-looking statements depending on a variety of factors, including the following: changes in general economic and business conditions; hiring levels and employment trends applicable to the types of personnel which the company typically recruits; the ability of MRI Worldwide Network Limited to attract and retain qualified management personnel and other staff employees; competitive market pressures; and government policies or judicial decisions adverse to the recruitment and franchising businesses. More detailed information about some of these risks and uncertainties may be found in CDI Corp.'s filings with the SEC, particularly in the "Risk Factors" section of CDI's Form 10-K's and the "Management's Discussion and Analysis of Financial Condition and Results of Operations" section of CDI's Form 10-K 's and Form 10-Q's. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. We assume no obligation to update such statements, whether as a result of new information, future events or otherwise.
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Management Recruiters/Sales Consult./MRI Worldwide
2400 East Commercial Boulevard, Suite 718
Fort Lauderdale,
FL
Phone: (215)569-2200
Fax: (215)569-1300