Press Release - TransTechs Parent Company Named to Top of Forbes' Most Trustworthy Companies List
Oak Brook, IL (August 16, 2010) – TransTechs’ parent company, TrueBlue, Inc. (NYSE:TBI) ranked at the top of the list of companies
with the "most transparent and conservative accounting practices and most prudent management," according to a new "Most Trustworthy Companies" list compiled for Forbes by Audit Integrity, an independent financial analytics company.
Audit Integrity's Accounting & Governance Risk rating, or AGR, rates companies' accounting and management practices from 0 (very aggressive) to 100 (conservative); companies with a lower rating have been more likely to suffer equity loss, issue financial restatements and face class action suits, Forbes says. Conversely, Forbes says, companies with the higher rating tend to be more trustworthy. TrueBlue received a top score of 100 and was one of a handful of companies on the list that have met the "most trustworthy" criteria consistently for the past five years or longer. Only five percent of publicly traded companies make the list ~ to qualify, a company must earn a rating of 65 or more for eight consecutive quarters ~ and TrueBlue was one of only 19 companies of the 328 on the list to earn the highest possible score.
"We have always had a policy of having an open and honest relationship with our clients and our staff," said TransTechs President David Pearson. "We're honored to be part of a company that practices that same candor and transparency."
Audit Integrity's AGRs have been used over the past seven years by institutional investors, insurers, auditors, regulators and corporations to identify risk, according to Forbes.
About TransTechs
TransTechs provides an available corps of highly-skilled technicians to fleet operators nationwide, enabling public and private industry to reduce the overall cost of hiring and employing technicians and increase the flexibility of their operation. If it carries people or products, TransTechs has the engine mechanics and technicians to keep it running at peak performance. For more information, visit www.transtechs.com or call 888-637-3776.
About TrueBlue
TrueBlue, Inc. is a leading provider of blue-collar staffing. In 2009, TrueBlue connected approximately 300,000 people to work through the following brands: Labor Ready, Spartan Staffing, CLP Resources, PlaneTechs, TransTechs, and Centerline, and served approximately 175,000 businesses in the services, retail, wholesale, manufacturing, transportation, and construction industries. TrueBlue, Inc. is headquartered in Tacoma, Wash. For more information, visit TrueBlue's website at www.TrueBlueInc.com.
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Contact: Dotti Gallagher, APR
Vice President, Marketing
775/321-8083
dgallagher@clp.com

