CDI Announces Managed Staffing Contract withRolls-Royce to Provide Multiple Staffing and Process...

Business Editors/Hi-Tech Writers

PHILADELPHIA--(BUSINESS WIRE)--May 17, 2000

Staffing and outsourcing leader CDI Corp. (NYSE:CDI) today announced that it has entered into an agreement with Rolls-Royce Corporation to provide a strategic managed staffing solution designed to enhance recruiting and procurement efforts.

Under the terms of the three-year contract, the CDI Technical Services division will identify qualified engineers and other professionals for both direct

CDI will also recommend process improvements to enhance the quality of candidates while reducing cost-of-hire for all regular employees and contract personnel.

CDI will implement an online recruiting system for the Indianapolis location, enabling the customer to better track the candidate requisition, submittal and hiring process. In addition, CDI will administer pre-employment services, including background checks and drug screening.

The managed staffing contract is expected to generate $5 million in revenues for CDI in its first year.

At the Indianapolis facility, Rolls-Royce manufactures gas turbine engines for corporate and regional airline aircraft, helicopters, and military aircraft. Approximately 5,000 people are employed in Indiana.

"We are able to provide the Indianapolis operations of Rolls-Royce with a one-stop solution to manage its requirements for both contract and full-time professionals," said CDI Technical Services President Rickard Hedeby. "CDI's array of services, which includes managed staffing, outsourcing, and the permanent placements executed through our subsidiary, Management Recruiters International, enables us to strategically address the complex enterprise-wide workforce management need of customers like Rolls-Royce," Hedeby said.

"Our ability to provide superior technological solutions to enhance its recruitment processes obviously is viewed positively by Rolls-Royce. With the online recruitment system, we will be able to demonstrably reduce the time it takes Rolls-Royce to access and screen quality candidates for a range of contract and full-time positions, enabling it to complete key initiatives in a timely manner," said Dirk Dent, Executive Vice President, CDI Technical Services.

Company Information

Philadelphia-based CDI Corp., one of the world's largest staffing and outsourcing service providers, increases the productivity and competitiveness of its Fortune 1,000 customers through customized technical, information technology, professional and administrative staffing and outsourcing solutions delivered by CDI companies including Management Recruiters International and Todays Staffing.

CDI employs nearly 32,000 people and generated more than $1.6 billion in revenue in 1999. CDI Corp. is a founding member of the Philadelphia-based Business/Academic Partnership for the Information Technology Workforce. For more information about CDI services and employment opportunities, visit the CDI Corp. web site at www.cdicorp.com.

Safe Harbor Statement

Certain information in this news release contains forward-looking statements as such term is defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Certain forward-looking statements can be identified by the use of forward-looking terminology such as "believes," "expects," "may," "will," "should," "seeks," "approximately," "intends," "plans," "estimates," or "anticipates" or the negative thereof or other comparable terminology, or by discussions of strategy, plans or intentions.

Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These include risks and uncertainties such as competitive market pressures, material changes in demand from larger customers, availability of labor, the company's performance on contracts, changes in customers' attitudes towards outsourcing, government policies or judicial decisions adverse to the staffing industry, changes in economic conditions, unforeseen events associated with the disposition of discontinued operations, delays or unexpected costs associated with implementation of computer systems, delays or unexpected costs in making modifications to existing software and converting to new software to resolve issues related to Year 2000 and failure of third parties to provide Year 2000 compliant products and services.

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