Press Releases

COMSYS IT PARTNERS ANNOUNCES ACQUISITION OF PLUM RHINO CONSULTING

Houston, Texas (31 May 2007) - 

COMSYS IT Partners, Inc. (NASDAQ:CITP) today announced the acquisition of Plum Rhino Consulting LLC, a specialty finance and accounting staffing services provider with offices in Atlanta, Charlotte, St. Louis and Chicago. Terms of the acquisition included the issuance of 253,606 shares of COMSYS common stock to the Plum Rhino equity holders at closing and a three-year earn-out based on Plum Rhino’s achievement of specified annual EBITDA targets after closing.

“Plum Rhino has developed a specialized niche within the finance and accounting services business, primarily in providing high level professionals to the financial services industries, and we are very happy that former owners Stephany Lewis and Matt Dattilo will stay with COMSYS to continue growing this business for us,” commented COMSYS CEO Larry L. Enterline. “We have been focused on using the acquisition process to extend our geographic reach and market share and add complementary service lines to diversify our business. Plum Rhino will lead COMSYS into a specialized professional staffing sector in which we have had interest for some time, and we believe the diversification opportunity it offers is attractive. At the same time, the addition of Plum Rhino’s services to our ongoing services offerings will benefit our existing financial services customers as we continue to expand our capability to deliver the services our customers want and need. We expect this acquisition to be slightly accretive to earnings in 2007 and future years.”

In connection with this acquisition, COMSYS amended its senior credit agreement and increased the aggregate amount permitted for acquisitions under the credit agreement to $50 million. The permitted acquisition basket before the amendment was $10 million. The Company did not pay any financing fees in connection with this amendment.

“We appreciate the continuing support we receive from our bank syndicate,” commented COMSYS Senior Vice President David L. Kerr. “This amendment should provide us the financial flexibility we need to continue to execute our acquisition strategy.”

About COMSYS IT Partners
COMSYS IT Partners, Inc. (NASDAQ: CITP) is a leading IT services company with 44 offices across the U.S. and offices in Canada and the U.K. COMSYS’ service offerings include contingent staff augmentation of IT professionals, permanent recruiting and placement, vendor management and project solutions, including network design and management, offshore development, customized software development and maintenance, software globalization/ localization translation services and implementation and upgrade services for SAS, business intelligence and various ERP packages. COMSYS primarily serves clients in the financial services/insurance, telecommunications, energy, pharmaceutical and healthcare industries and government agencies.

Forward-looking Statements
Certain information contained in this press release may be deemed forward-looking statements regarding events and financial trends that could affect the Company’s plans, objectives, future operating results, financial condition, performance and business. These statements may be identified by words such as “estimate,” “forecast,” “plan,” “intend,” “believe,” “should,” “expect,” “anticipate,” or variations or negatives thereof, or by similar or comparable words or phrases. Forward-looking statements, by their nature, are subject to a variety of inherent risks and uncertainties that could cause actual results to differ materially from the results projected. Many of these risks and uncertainties cannot be controlled by the Company. For a detailed description of these risks and uncertainties please refer to the Company’s filings with the Securities and Exchange Commission available at www.comsys.com.

Any forward-looking statements made in this press release speak only as of the date of this release and, except as required by law, the Company undertakes no obligation to update any forward-looking statement contained in this press release, even if the Company’s expectations or any related events, conditions or circumstances change. The Company is not responsible for any changes made to this release by wire or Internet services.




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