Published:
Analysts International Corporation Revises Outlook for Second Half of 2008
Company Continues to Execute on Its Business Transformation Plan

Analysts International Corporation (NASDAQ: ANLY), a diversified IT services company, today announced that, while it
continues to make good progress on its business transformation plan, given
the recent financial turmoil and market uncertainty affecting its clients
and the U.S. economy at large, the Company believes it will need additional
time to reach profitability. The Company now expects to be profitable at
some point in 2009.
"We share the economic concerns of our clients in light of the volatile
financial climate," said Elmer Baldwin, President and CEO. "The recent
slowdown in economic activity is likely to exert restraint on spending and,
in these challenging circumstances, it is prudent to adjust our projections
for AIC. Our strategy remains focused on generating higher-margin business
activity, hiring best-in-class people and delivering high quality service
to our clients as efficiently as possible. While we continue to expand our
book of premium services, exit low margin and non-core sectors and align
our cost structure with the business, we are cognizant that this business
transformation is not yet complete. We believe that when business
confidence returns and market conditions improve, we will be in a strong
position to meet client demand for premium staffing, high value-add
solutions and project-oriented services."
Analysts International said it will announce its full third quarter 2008
results before the open of the NASDAQ market on Wednesday, October 29,
2008, and hold a conference call to discuss those results at 9 a.m. CT that
day. Information on accessing the conference will be made available soon.
About Analysts International Corporation
Headquartered in Minneapolis, MN, Analysts International Corporation
(NASDAQ: ANLY) is a diversified technology services company. With sales and
customer support offices in the United States and Canada, AIC provides
information technology solutions and staffing services, including:
Technology Solutions, which provides network services, infrastructure,
application integration, IP telephony and hardware solutions to the middle
market; Professional Services, which provides highly-skilled project
managers, business analysts, developers and other IT consultants to assist
its clients with strategic change; and IT Staffing, which provides best
value, best response supply of resources to high-volume clients. For more
information, visit www.analysts.com.
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 the Company or its
CEO, Elmer Baldwin, regarding: (i) management's belief that the Company
will need additional time to become profitable as a result of recent
financial turmoil in the U.S. economy; (ii) management's expectation that
the Company will achieve profitability at some point in fiscal year 2009
when business confidence returns and market conditions improve; and (iii)
management's beliefs with respect to the impact of the economic slowdown on
the Company's clients, are forward-looking statements. These
forward-looking statements involve certain risks and uncertainties,
including (i) the risk that management may not fully or successfully
implement its business transformation plan in order to achieve
profitability in 2009; (ii) the risk that the Company will not be able to
exit non-core or less desirable areas of the business in a timely manner or
on favorable terms; (iii) market conditions in the IT services industry,
including intense competition for billable technical personnel at
competitive rates and strong pricing pressures from many of our largest
clients and difficulty in identifying, attracting and retaining qualified
billable technical personnel; (iv) incorrect assumptions by management with
respect to the recent economic slowdown; and (v) other economic, business,
market, financial, competitive and/or regulatory factors affecting the
Company's business generally, including those set forth in the Company's
filings with the SEC. You are cautioned not to place undue reliance on
these
forward-looking statements, which speak only as of the date of this press
release.
Copyright © 2008, MarketWire
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Tags: ,Telecom:TelecommunicationServices, Telecom:Networking, Computers and Software:Internet, ComputersandSoftware:Networking, ComputersandSoftware:Hardware, ProfessionalServices:Consulting, ,NASDAQ01,NASDAQ01,NASDAQ01,MN,MINNEAPOLIS, MN
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