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REGIONAL EARNINGS

On Assignment Has Improved Earnings

October 18, 1994

On Assignment Inc., a Calabasas provider of temporary laboratory workers and other personnel, reported strong earnings and revenue gains for its third quarter and the nine months ended Sept. 30.

On Assignment reported a profit of $886,000 for the September quarter, a 52% increase from its $582,000 in net income a year before. Its revenue rose 36%, to $12.7 million from $9.33 million.

For the nine months, the company's earnings grew 38% to $2.36 million, while its revenue was up 27%, to $35.4 million. A year earlier, it had a $1.71 million profit on $27.8 million in revenue. On Assignment said the improved results reflected increased numbers of employees on assignment and decreased workers' compensation insurance expenses.

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