Settlement Hearing in Medical Staffing Network Holdings, Inc., et al. Class Action to be Held on March 2, 2007

BOCA RATON, Fla., Jan. 19 /PRNewswire-USNewswire/ -- Counsel for Plaintiffs in the Medical Staffing Network Holdings, Inc., et al. class action suit announced the following:

UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF FLORIDA CASE NO. 04-80158-CIV-DIMITROULEAS

JOSEPH AND PATRICIA MARRARI, on behalf of themselves and all other similarly situated,

Plaintiffs, vs. MEDICAL STAFFING NETWORK HOLDINGS, INC., et al., Defendants. SUMMARY NOTICE TO: ALL PERSONS WHO PURCHASED OR OTHERWISE ACQUIRED MEDICAL STAFFING NETWORK HOLDINGS, INC. COMMON STOCK BETWEEN OCTOBER 29, 2002 AND JUNE 16, 2003, INCLUSIVE, AND WERE DAMAGED THEREBY, AND/OR ALL PERSONS WHO ACQUIRED MEDICAL STAFFING NETWORK HOLDINGS, INC. COMMON STOCK PURSUANT OR TRACEABLE TO ITS REGISTRATION STATEMENT AND PROSPECTUS ISSUED IN CONNECTION WITH ITS APRIL 18, 2002 INITIAL PUBLIC OFFERING, AND WERE DAMAGED THEREBY (THE "CLASS").

YOU ARE HEREBY NOTIFIED, that the above-captioned action has been certified as a class action and that a settlement for $5,000,000.00 in cash has been proposed. A hearing will be held before the Honorable William P. Dimitrouleas, United States District Court, 299 East Broward Boulevard, Courtroom 205B, Ft. Lauderdale, FL 33301 at 10:30 a.m., on March 2, 2007 (the "Settlement Fairness Hearing"), to determine whether the proposed settlement of this class action should be approved by the Court as fair, reasonable, and adequate, to determine whether the proposed plan to distribute the settlement proceeds is fair, reasonable and adequate, to consider the application of Lead Plaintiff's Counsel for attorneys' fees and reimbursement of expenses and Lead Plaintiff's application for an expense award, and to determine whether to enter the proposed Bar Order.

IF YOU ARE A MEMBER OF THE CLASS DESCRIBED ABOVE, YOUR RIGHTS WILL BE AFFECTED AND YOU MAY BE ENTITLED TO SHARE IN THE SETTLEMENT FUND. If you have not yet received the full printed Notice of Pendency and Settlement of Class Action and a Proof of Claim form, you may obtain copies of these documents by calling or writing to the Claims Administrator at: Medical Staffing Network Holdings, Inc. Securities Litigation, Claims Administrator, c/o RSM McGladrey, Inc., P.O. Box 1607, Blue Bell, PA 19422, (800) 222-2760.

You may also download a claim form from http://www.claimsinformation.com/medicalstaffing.

To participate in the Settlement, you must submit a Proof of Claim to the Claims Administrator no later than May 14, 2007. If you are a Class Member and do not exclude yourself from the Class, you will be bound by the Order and Final Judgment of the Court. To exclude yourself from the Class, you must submit a request for exclusion postmarked no later than February 16, 2007. If you are a Class Member and do not submit a proper Proof of Claim or elect to exclude yourself from the Class, you will not share in the Settlement but you nevertheless will be bound by the Order and Final Judgment of the Court.

Any objection to the settlement must be filed with the Court at the address below and served by hand or first class mail on the attorneys listed below on or before February 16, 2007:

Court: CLERK OF THE COURT, UNITED STATES DISTRICT COURT, SOUTHERN DISTRICT OF FLORIDA, 299 East Broward Boulevard, Room 108, Ft. Lauderdale, FL 33602;

Plaintiff's Lead Counsel: Jack Reise, LERACH COUGHLIN STOIA GELLER RUDMAN & ROBBINS LLP, 120 East Palmetto Park Road, Suite 500, Boca Raton, FL 33432;

Counsel for Defendants: Stanley H. Wakshlag, Harry R. Schafer, KENNY NACHWALTER, P.A., 201 South Biscayne Boulevard, Suite 1100, Miami, FL 33131; and Stephen W. Greiner, Sameer Advani, WILLKIE FARR & GALLAGHER LLP, 787 Seventh Avenue, New York, NY 10019.

Further information may be obtained by directing your inquiry to the Claims Administrator at the same address noted above.

By Order of the Court.

CONTACT: Jack Reise, Lerach Coughlin Stoia Geller Rudman & Robbins LLP, (561) 750-3000.