TrueBlue Acquires The Work Connection

  TrueBlue Acquires The Work Connection

        Strategic Growth Opportunity Expands Light Industrial Business

Business Wire

TACOMA, Wash. -- September 30, 2013

TrueBlue, Inc. (NYSE: TBI) announced today it has acquiredsubstantially all
ofthe assets of The Work Connection (TWC), a light industrial staffing
provider founded in 1986 with 37 branches located predominantly in the

TrueBlue CEO Steve Cooper said that TWC’s operations will be merged with those
of Spartan Staffing during the fourth quarter of this year to expand
TrueBlue’s light industrial service line, adding that it’s a good fit because
both companies share a commitment to service, they serve many of the same
industries and there is minimal overlap in offices.

“We are excited about the addition of TWC’s talented employees and expertise
to TrueBlue,” said Cooper. Cooper also noted that TWC Co-Founder Jeffrey Z.
Wold will join TrueBlue as part of the management team.

“TWC has a successful track record of delivering specialized staffing
solutions to customers for more than 25 years,” Cooper said. “Light industrial
staffing is a core part of our business. This acquisition strategically
expands our presence in several key markets and allows us to better serve
current customers and attract new ones.”

Cooper expects long-term growth for the blue-collar staffing industry and said
TrueBlue will continue to expand through a combination of acquisitions and
growth from existing service lines.

“Our strong balance sheet puts us in position to acquire other quality
companies,” he said. “We will continue to look for opportunities that will
expand our geographic reach and enhance our ability to serve customers’

The acquisition of TWC is expected to contribute an additional $90 million in
revenue in 2014. The base purchase price for TWC was approximately $20
million, paid in cash. An additional amount was paid to reimburse the Seller
for certain working capital adjustments. The transaction was completed today.

About TrueBlue

TrueBlue, Inc. is a leading provider of blue-collar staffing. In 2012,
TrueBlue connected approximately 350,000 people to work through the following
brands: Labor Ready, Spartan Staffing, CLP Resources, PlaneTechs, and
Centerline, and served approximately 140,000 businesses in the retail,
service, wholesale, manufacturing, transportation, aviation, and construction
industries. TrueBlue, Inc. is headquartered in Tacoma, Wash. For more
information, visit TrueBlue’s website

Forward-looking Statements

This document contains “forward-looking statements” within the meaning of the
Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,”
“should,” “expects,” “intends,” “projects,” “plans,” “believes,” “estimates,”
“targets,” “anticipates,” and similar expressions are used to identify these
forward-looking statements. Examples of forward-looking statements include
statements relating to our future financial condition and operating results,
as well as any other statement that does not directly relate to any historical
or current fact. Forward-looking statements are based on our current
expectations and assumptions, which may not prove to be accurate. These
statements are not guarantees and are subject to risks, uncertainties, and
changes in circumstances that are difficult to predict. Many factors could
cause actual results to differ materially and adversely from these
forward-looking statements, such as our ability to successfully complete and
integrate The Work Connection and other acquisitions that we may make from
time to time. Other examples of such factors can be found in our reports filed
with the SEC, including the information under the heading ‘Risk Factors’ in
our Annual Report on Form 10-K for the fiscal year ended Dec. 28, 2012 and in
our quarterly reports on Form 10-Q subsequently filed. Any forward-looking
statement speaks only as of the date on which it is made, and we assume no
obligation to update or revise any forward-looking statement, whether as a
result of new information, future events, or otherwise, except as required by


TrueBlue, Inc.
Derrek Gafford, 253-680-8214
Stacey Burke, 253-680-8291
VP of Corporate Communications
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