TeamStaff Sells Per Diem Business Unit ( SOMERSET N.J. Jan. 30 /- TeamStaf...)

TeamStaff Sells Per Diem Business Unit

Date:1/30/2008

SOMERSET, N.J., Jan. 30 /PRNewswire-FirstCall/ -- TeamStaff, Inc. (Nasdaq: TSTF), a national provider of healthcare and administrative staffing services, today announced that it has sold its Nursing Innovations Per Diem business unit located in Memphis, Tennessee to Temps Inc., effective January 27, 2008. The transaction is all cash and a sale of substantially all the business unit's assets. The transaction is expected to close on January 31, 2008. Other terms of the transaction were not disclosed.

TeamStaff's Per Diem business was accounted for as discontinued operations when the company recently reported fiscal 2007 results. Commenting on the transaction, Rick J. Filippelli, TeamStaff's President and CEO, said "This divestiture represents the execution of a previously discussed strategic goal to sell our per diem business unit and focus on our core businesses of Travel and Government Staffing. We plan to use the sales proceeds to fund the growth of our core business."

Commenting on the acquisition, Todd Kane, President and CEO of Temps Inc., added "I am pleased to have completed the acquisition of TeamStaff's per diem business unit. Nursing Innovations has a reputation of quality and we are committed to continuing and furthering that reputation." Kane continued, "The addition of Nursing Innovations to the Temps family is in line with our long- term goals and should prove to enhance our existing operations in Tennessee and beyond."

About TeamStaff, Inc.

Headquartered in Somerset, New Jersey, TeamStaff serves clients and their employees throughout the United States as a full-service provider of medical and administrative staffing. TeamStaff's TeamStaff Rx subsidiary is a leading provider of travel nursing and t
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