SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) JUNE 24, 1996
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CAREER HORIZONS, INC.
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(Exact name of registrant as specified in its charter)
DELAWARE 0-23534 22-3038096
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(State or other jurisdiction Commission (IRS Employer
of incorporation) File Number) Identification No.)
177 CROSSWAYS PARK DRIVE, WOODBURY, NY 11797
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (516) 682-1400
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CAREER HORIZONS, INC.
ITEM 5. Other Events
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On June 24, 1996, Career Horizons, Inc. (the "Registrant") acquired the
business of Dial A Temporary, a provider of general supplemental staffing.
Based in Parsippany, NJ, with branch offices in Berkeley Heights and
Piscataway, NJ, Dial A Temporary provides a wide variety of professional,
administrative, office support, and light industrial workers for short and
long-term supplemental positions and permanent placement.
Revenues for the year ended December 31, 1995 were approximately $10 million.
Terms of the acquisition of the privately-held firm were not disclosed. The
Registrant funded the acquisition from working capital.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
CAREER HORIZONS, INC.
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(Registrant)
Date: June 24, 1996 By: /s/ Michael T. Druckman
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Michael T. Druckman
Senior Vice President,
Treasurer and Asst.
Secretary
(Principal Financial and
Accounting Officer)
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CAREER HORIZONS, INC.
INDEX TO EXHIBITS
EXHIBIT NO. DESCRIPTION
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20.1 Press Release Announcing the Acquisition of Dial
A Temporary
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For Immediate Release
Career Horizons Acquires Dial A Temporary
Woodbury, NY--June 24, 1996 -- Career Horizons, Inc. (NYSE: CHZ) today
announced the acquisition of Dial A Temporary, a provider of general
supplemental staffing in New Jersey. Terms of the cash transaction were
not disclosed.
Dial A Temporary provides a wide variety of professional, administrative
office support, and light industrial workers for short and long-term
supplemental positions and permanent placement. Founded in 1982,
Dial A Temporary is headquartered in Parsippany, New Jersey and has branch
offices in Berkeley Heights and Piscataway. Revenues for the current year
are projected to be approximately $10 million.
"We welcome Ms. Robbie Naap, president of Dial A Temporary, and her staff,"
said Walter W. Macauley, President and Chief Executive Officer.
"Dial A Temporary provides a well-established presence in the heart of the
active New Jersey market, which is consistent with our strategy of expanding
into attractive geographical locations."
In addition to general and supplemental staffing, Career Horizons serves
two specialty markets: health care and information technology. It has
551 company-owned, franchised and private label offices operating under
recognized local and regional brand names in 43 states and the District of
Columbia.
Contacts:
Career Horizons, Inc. Lundy Associates, Inc.
Michael T. Druckman Michael A. Lundy
Chief Financial Officer 201-660-1100
516-682-1403
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