Company Press Releases

Analysts International Corporation Sells Assets of Medical Concepts Staffing Business to Temps, Inc.

Sale of Nurse Staffing Business Moves AIC Closer to Becoming a Pure Play IT Services Company

MINNEAPOLIS, MN, Sep 28, 2009 (MARKETWIRE via COMTEX)— Analysts International Corporation (AIC) (NASDAQ: ANLY), an information technology services company, today announced that it has sold the assets of Medical Concepts Staffing, a full-service nurse staffing agency and subsidiary of AIC, to Temps, Inc., a national provider of supplemental healthcare professionals. The agreement was signed on Friday, September 25 and was effective Saturday, September 26.
"This transaction benefits both companies. For AIC, the sale of Medical Concepts Staffing represents another step forward in the transformation of AIC's business," said Elmer Baldwin, AIC President and CEO. "Exiting Medical Concepts enables us to dedicate all of our resources and attention to focusing on our core IT services business. And Temps, Inc. is ideally positioned to fully maximize the value of MCS and better serve the needs of the health care market for temporary nursing staff moving forward."

Medical Concepts Staffing represented approximately $3M in annual revenue for AIC.

About Analysts International Corporation
Analysts International Corporation (AIC) (NASDAQ: ANLY) is an information technology services company that is focused on providing configured solutions for its clients. We proudly serve a broad portfolio of clients throughout the United States with technology staffing, collaboration solutions, platform solutions, project and application solutions and managed services offerings. More information is available online at www.analysts.com.

Media Contacts:
Marne Oberg
Analysts International Corporation
(952) 838-2867
Email Contact

Craig Perry
Netarx, LLC
(248) 341-2530
Email Contact

SOURCE: Analysts International Corporation

Cherry Tree & Associates advised Analysts International as part of this transaction

Cautionary Statement for the Purpose of Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements made in this press release by AIC and its CEO Elmer Baldwin about AIC regarding, for instance: (i) AIC's business transformation plan; (ii) the potential impact of the VAR business asset sale transaction; and (iii) management's beliefs with respect to the reduction in complexity of AIC's business and AIC's ability to focus its attention on growing its core IT services, are forward-looking statements. These forward-looking statements are based on current information we have assessed, which by its nature is dynamic and subject to rapid and even abrupt changes. Forward-looking statements include statements expressing the intent, belief or current expectations of AIC and members of our management team and involve certain risks and uncertainties, including (i) the risk that management may not fully or successfully implement its business transformation plan; (ii) the risk that AIC will not be able to effectively enter into a strategic partnership with Netarx; (iii) prevailing market conditions in the IT services industry; (iv) potentially incorrect assumptions by management with respect to this transaction; and (v) economic, business, market, financial, competitive and/or regulatory factors affecting AIC's business generally, including those set forth in AIC's filings with the SEC. You are cautioned not to place undue reliance on these or any forward-looking statements, which speak only as of the date of this press release. AIC expressly disclaims any responsibility for forward-looking statements made by or about Netarx.