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TALX Expands Unemployment Cost Management Service Offerings

ST. LOUIS--(BUSINESS WIRE)--June 30, 2003--TALX Corporation (NASDAQ:TALX) today announced the acquisition of Johnson & Associates, L.L.C., an Omaha, Nebraska-based company specializing in unemployment cost management (UCM) and employment tax credit administration services.

Johnson & Associates has annual revenues of approximately $1.5 million and has operated profitably. Terms were not disclosed.

William W. Canfield, chairman and chief executive officer, said, "Johnson & Associates is an excellent fit with our UC eXpress business. Johnson has a history of excellent client service, and in addition to its UCM clients they also bring to TALX expertise in employment tax credit services, which we have not previously provided. This expertise allows employers to take advantage of federal tax incentive programs for hiring individuals who have traditionally faced difficulties in securing employment. We intend to cross-sell this complementary service into our existing client base."

Canfield continued, "Johnson & Associates has been a strategic alliance partner with TALX for several years, offering The Work Number service to its client base, and we have a great deal of respect for its management. This transaction is a natural extension of our relationship and we welcome them, their clients, and their employees to TALX."

About TALX

TALX Corporation is a leading business process outsourcer of payroll-related and human resources services. TALX holds a leadership position in two key employment-related services -- automated employment and income verification services via The Work Number(R) services, and unemployment cost management services via UC express(SM). TALX also provides paperless payroll services, W-2 services, and automated time entry services. Based in St. Louis, Missouri, TALX empowers uses to complete transactions independently using available multimedia including Web, interactive voice response, speech recognition, fax and e-mail. TALX Corporation common stock trades on the NASDAQ Stock Market under the symbol TALX. For more information about TALX Corporation, call 314-214-7000 or visit the company's Web site at www.talx.com.

Statements in this news release expressing the beliefs and expectations of TALX management regarding future performance are forward-looking statements including, without limitation, anticipated revenue and accretion to earnings per share, and any other plans, objectives, expectations and intentions contained in this release that are not historical facts. These statements reflect our current views with respect to future events and are based on assumptions and subject to risks and uncertainties. These risks, uncertainties and other factors may cause our actual results, performance or achievements to be materially different from those expressed or implied by our forward-looking statements.

CONTACT: TALX Craig N. Cohen, 314/214-7000 cnc@talx.com SOURCE: TALX Corporation