Barrett Business Service Agrees to Acquire SRT

Barrett Business Services, Inc. (Nasdaq: BBSI) yesterday announced that it has reached an agreement in principle to acquire Skills Resource Training Center ("SRTC") headquartered in Pasco, Washington pursuant to an asset purchase agreement effective January 1, 2004. Consideration for the transaction, valued at approximately $5.0 million, includes $3.0 million in cash due upon closing and approximately $2.0 million in common stock of BBSI based on current market price. The ultimate number of shares to be issued, if any, will be based upon the level of financial performance achieved by...