Exhibit
99.1
1511 N. Westshore Blvd., Suite 900
Tampa, Florida 33607
(813) 830-7700
www.ablest.com
| |
|
|
FOR IMMEDIATE RELEASE
|
|
SYMBOL: AIH |
Thursday, June 7, 2007
|
|
TRADED: AMEX |
ABLEST INC. ANNOUNCES STOCKHOLDER APPROVAL OF MERGER
TAMPA, Fla., June 7, 2007 Ablest Inc. (Amex: AIH) announced today that its stockholders,
voting at a special meeting today, have approved Ablests previously announced merger with Select
Acquisition, Inc., an entity wholly-owned by Koosharem Corporation. Koosharem is the holding
company of SelectRemedy, which has approximately 280 professional staffing offices throughout North
America, focused on delivering human capital workforce solutions in various business sectors.
The Merger is expected to close promptly. Upon the close of the Merger, Ablest will no longer
file periodic reports with the Securities and Exchange Commission and shares of the Companys
common stock will no longer trade on the American Stock Exchange.
Forward-Looking Statements
This document includes statements that do not directly or exclusively relate to historical facts.
Such statements are forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These
forward-looking statements include statements regarding the completion of the transaction. These
statements are based on the current expectations of management of Ablest Inc.. There are a number
of risks and uncertainties that could cause actual results to differ materially from the
forward-looking statements included in this document. For example, among other things, conditions
to the closing of the transaction may not be satisfied. Additional factors that may affect the
future results of Ablest Inc. are set forth in its filings with the Securities and Exchange
Commission (SEC), which are available at http://www.sec.gov. Unless required by law, Ablest Inc.
undertakes no obligation to publicly update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.
* * * * *
| |
|
|
SOURCE:
|
|
Ablest Inc. |
CONTACT:
|
|
John Horan, Vice President and Chief Financial Officer |
|
|
813/830-7700 or jhoran@ablest.com |