Kelly Services Announces Planned Stock Sales by the William R. Kelly Trust
TROY, Mich., Nov. 1 -- Kelly Services, Inc., a global provider of staffing services, today announced planned stock sales by the William R. Kelly Trust.
(Logo: http://www.newscom.com/cgi-bin/prnh/19991208/KELLYLOGO )
The William R. Kelly Trust ("the Trust") filed a form 144 with the Securities and Exchange Commission today indicating its intention to sell 150,000 shares over the next ninety days in a series of open market transactions.
The Trust is selling the shares for liquidity purposes to meet ongoing estate tax obligations incurred upon the death of William Russell Kelly in 1998. Terence E. Adderley, Chairman and Chief Executive Officer of Kelly Services, serves as co-trustee of the Trust. Accordingly, sales of shares by the Trust are attributable to Mr. Adderley for SEC reporting purposes.
Kelly Services, Inc. (Nasdaq: KELYA, KELYB) is a Fortune 500 company headquartered in Troy, Mich., offering staffing solutions that include temporary staffing services, staff leasing, outsourcing, vendor on-site and full-time placement. Kelly serves 200,000 customers through 2,500 company owned and operated offices in 26 countries. Kelly provides employment for nearly 700,000 employees annually, with skills including office services, accounting, engineering, information technology, law, science, marketing, light industrial, education, health care and home care. Revenue in 2003 was $4.3 billion. Visit http://www.kellyservices.com .
SOURCE Kelly Services, Inc.
CONTACT: ANALYST CONTACT: James Polehna, +1-248-244-4586,
james_polehna@kellyservices.com , or MEDIA CONTACT: Renee Walker,
+1-248-244-5362, renee_walker@kellyservices.com , both of Kelly Services,
Inc.
Web site: http://www.kellyservices.com
(KELYA KELYB)