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SOI Holdings, Inc. Announces Filing for Initial Public Offering of Common Stock
Charlotte, NC, October 30, 2007. SOI Holdings, Inc. announced
today that it has filed a registration statement with the Securities and Exchange Commission relating
to a proposed initial public offering of its common stock. The exact terms of the offering, which will
be made only by a prospectus, have not been declared. The joint book-running managers of the offering
are Credit Suisse Securities (USA) LLC and Lehman Brothers Inc. The co-manager of the offering is SunTrust
Robinson Humphrey, Inc.
The proceeds of the offering will be used to repay indebtedness and for general corporate purposes.
Through its wholly-owned subsidiary, Strategic Outsourcing, Inc., SOI Holdings, Inc. is a professional
employer organization that provides outsourced human resource services to small and medium sized businesses.
A registration statement relating to these securities has been filed with the Securities and Exchange
Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be
accepted, prior to the time the registration statement becomes effective. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be
any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any such state.
Copies of the prospectus relating to the offering may be obtained, when available, from: Credit Suisse
Securities (USA) LLC, Prospectus Department, One Madison Avenue, New York, NY 10010, or by telephone at
(800) 221-1037 and Lehman Brothers Inc., c/o Broadridge, 1155 Long Island Avenue, Edgewood, NY 11717,
or by email at qiana.smith@broadridge.com, or by fax at (631) 254-7140.
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