The Select Family of Staffing Companies Announces Termination of Business Combination with Atlas Acquisition Holdings Corp. 2009 Revenue Tops Estimates

SANTA BARBARA, CA – February 12, 2010 – The Select Family of Staffing Companies today announced the termination of its proposed business combination with Atlas Acquisition Holdings Corp. ("Atlas") (NYSE AMEX: AXG).  Select and Atlas had entered into an agreement and plan of merger pursuant to which Select would have become a wholly owned subsidiary of Atlas following approval of the merger by Atlas’ stockholders.

At a special meeting of stockholders, holders of more than 30% of Atlas’ stock voted against the merger and sought conversion.  As a result, the merger will not be completed and Atlas will be liquidated.

Steve Sorensen, Chairman and CEO of Select, noted: "We wish the outcome were different.  Both Atlas and Select worked diligently to consummate this merger.  We in particular thank James N. Hauslein, Chairman and Chief Executive Officer of Atlas, and Gaurav V. Burman, Atlas’ President.  They are outstanding business leaders and we have no doubt of their continued success."

Sorensen continued: "Select attracted many blue-chip investors throughout this process as well as praise and attention from the industry’s leading analysts.  Select has operated very successfully for 25 years as a private company, so for us it is back to business as usual."

Simultaneously, The Select Family of Staffing Companies announced full year 2009 revenues of $1,498M, which represents growth of $52M, a 3.6% increase over its 2008 revenue of $1,446M.  These results surpass Select’s September 2009 forecast of $1,477M by $21M or 1.4%, and represents a singular achievement in what has been an extremely challenging year for the staffing industry.  According to the Staffing Industry Analysts, the U.S. staffing industry contracted 26% in 2009, representing the industry’s worst performance on record.

Paul J. Sorensen, Select’s president, commented: "Select’s ability to grow nearly 4% during 2009 is a testament to our business model.  This outstanding achievement is unique among our peers.  We are now focused on capitalizing on the improving fundamentals to grow our business in 2010."

Founded in Santa Barbara, California in 1985, The Select Family of Staffing Companies is one of the nation’s fastest-growing, full-service staffing companies. The company operates as Select Staffing®, Select Staffing®, Select Truckers Plus®, Remedy® Intelligent Staffing, Westaff®, RemX® Financial Staffing, RemX® IT Staffing, RemX® OfficeStaff, and other national brands. Select offers premier workforce management services, including recruiting and screening professional job candidates, payroll and time attendance management, on-site supervision, proactive safety programs, and specialty staffing solutions, to a wide variety of client companies, including manufacturing, industrial, clerical, administrative, accounting, finance, information technology, and professional services.

For more information on The Select Family of Staffing Companies, please visit the company’s website at www.selectfamily.com.