JACKSONVILLE, Fla., June 1 /PRNewswire-FirstCall/ -- MPS Group, Inc.
(NYSE: MPS), a leading provider of specialty staffing, consulting, and
business solutions, today announced that its board of directors has approved
an authorization to repurchase an additional $65 million of its common stock.
    The previous $65 million authorization was established in November of
1999. Since that time, MPS Group has repurchased $56 million of MPS common
stock and therefore has $9 million remaining under the previous authorization.
When combined with the new authorization, the Company now has approval to
repurchase up to $74 million of its outstanding stock.
    MPS Group has no long-term debt and reported cash balances of $116 million
as of March 31, 2005. Additionally, the Company is expected to continue
generating positive cash flow from operating activities. Its primary uses of
cash will continue to be funding internal growth and completing strategic
acquisitions designed to broaden the Company's service offerings and further
diversify its business. The pursuit of this strategy enabled MPS Group to grow
its revenues by 30% in 2004 while increasing its professional staffing
revenues to 50% of the Company's total revenues.
    When the Company elects to utilize its share repurchase authorization, it
will repurchase shares from time to time in open-market or private
transactions, as market conditions permit. Repurchases will be financed using
cash on hand and cash flow from operations.
    "Our growth and diversification initiatives will remain our primary uses
of cash," said Robert Crouch, senior vice president and chief financial
officer of MPS Group. "However, if you consider our capital structure in the
aggregate, we also feel that a stock buyback can produce economic benefit to
our shareholders."

    About MPS Group
    MPS Group is a leading provider of staffing, consulting, and solutions in
the disciplines of information technology, finance and accounting, law,
engineering, and healthcare. MPS Group delivers its services to government
entities and businesses in virtually all industries throughout the United
States, Canada, the United Kingdom, and Europe. A Fortune 1000 company with
headquarters in Jacksonville, Florida, MPS Group trades on the New York Stock
Exchange. For more information about MPS Group, please visit http://www.mpsgroup.com.

    Forward-Looking Statements
    The statements contained in this press release should be considered
forward-looking statements that are subject to risks, uncertainties or
assumptions described above and may be affected by other factors, including,
but not limited to: fluctuations in the economies and financial markets in the
U.S. and foreign countries where we do business and in the Company's industry
segments in particular; industry trends toward consolidating vendor lists; the
demand for the Company's services, including the impact of changes in
utilization rates; consolidation or bankruptcy of major customers; the effect
of competition, including the Company's ability to expand into new markets and
to remain profitable or maintain profit margins in the face of pricing
pressures; the Company's ability to retain significant existing customers or
obtain new customers; the Company's ability to recruit, place and retain
consultants and professional employees; the Company's ability to identify and
complete acquisition targets and to successfully integrate acquired operations
into the Company; possible changes in governmental laws and regulations
affecting the Company's operations, including possible changes to laws and
regulations relating to benefits for consultants and temporary personnel, and
possible increased regulation of the employer-employee relationship;
employment-related claims, costs, and other litigation matters; adjustments
during periodic tax audits; litigation relating to prior and current
transactions and activities; unexpected fluctuations in interest rates or
foreign currency exchange rates; loss of key employees; fluctuations in the
price of our common stock due to actual or anticipated changes in quarterly
operating results, financial estimates, statements by securities analysts, and
other events; and other factors discussed in the Company's filings with the
Securities and Exchange Commission. In some cases, you can identify forward-
looking statements by terminology such as "will," "may," "should," "could,"
"expects," "plans," "hopes," "indicates," "projects," "anticipates,"
"perhaps," "believes," "estimates," "appears," "predicts," "potential,"
"continues," "would," or "become," or the negative of these terms or other
comparable terminology. Readers are urged to review and consider the factors
discussed in our Form 10-K for 2004 and in subsequent filings with the
Securities and Exchange Commission.
    Should one or more of these risks, uncertainties or other factors
materialize, or should underlying assumptions prove incorrect, actual results,
performance or achievements of the Company may vary materially from any future
results, performance or achievements expressed or implied by the forward-
looking statements. Forward-looking statements are based on beliefs and
assumptions of the Company's management and on information then currently
available to management. Undue reliance should not be placed on such forward-
looking statements. Forward-looking statements are not guarantees of
performance.  Such forward-looking statements were prepared by the Company
based upon information available at the time of such statements.  Forward-
looking statements speak only as of the date they are made, and the Company
undertakes no obligation to update publicly any of them in light of new
information or future events.

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