SEATONCORP, EARNINGS, GROWTH

SEATONCORP REPORTS 86% FIRST-HALF ORGANIC EARNINGS GROWTH

CHICAGO, IL – July 31, 2009 – SeatonCorp, a Chicago-based staffing and recruiting firm that operates under the Staff Management, PeopleScout, and StudentScout brands, reported first half 2009 earnings increased organically 86% year-over-year.  The earnings growth was largely due to modest cost containment initiatives, several large client signings, and particularly strong results from the StudentScout division.

SeatonCorp reported over $50 million in new client signings over the past year.  Staff Management, a leader in high-volume, vendor-on-premise and managed service staffing solutions, signed and implemented more than a dozen multi-million dollar client engagements.  PeopleScout, a leading recruitment process outsourcing (RPO) provider had several key client renewals and new wins over the same period.  StudentScout, a pioneer in student recruitment and admissions support for the post-secondary education industry, delivered significant bottom line growth.

“We are encouraged that hiring demand has begun to stabilize at existing clients, said Patrick Beharelle, SeatonCorp’s Chief Operating Officer.  “New client signings and scope expansions across all three divisions have helped to offset the soft hiring conditions.”

SeatonCorp’s Chief Executive Officer, Michael Miles, noted, “Our efforts to build a delivery model that performs well in times of economic growth as well as recessionary periods, has delivered solid results.”