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Options Talent Recently Reported a 488% Surge in Revenue and Dramatically Increased Profitability

LOS ANGELES--(BUSINESS WIRE)--July 8, 2002--Options Talent Group (OTCBB:OPTG - News), a leading service provider to the Entertainment and Advertising industries, recently announced record revenues and profits for the third quarter of fiscal 2002.

Third Quarter 2002 Financial Highlights

Options Talent reported revenues increased 488 percent to $7.18 million versus $1.47 million in the third quarter of fiscal 2001. Income from operations totaled $385,000 compared to a loss in the prior third quarter period. Net Income equaled $619,000, including a one-time gain of $234,000 from the disposal of a subsidiary, compared to a loss in the year-ago period.

Mark Tolner, President, said, "Our third quarter results show that we continue to make progress in becoming a leading provider of services to the Entertainment and Advertising industries. We are enjoying accelerated levels of revenue and income growth as we continue to see increasing service usage rates and customer acceptance. We are well positioned to continue to grow our vertical applications of technology, database resources and revenue sources. Increased revenues also validates that a growing number of Entertainment and Advertising companies such as Fox Entertainment Group (NYSE:FOX - News) and Interpublic Group of Companies (NYSE:IPG - News) are enjoying the benefits and efficiencies by using the resources and technology we provide."

We are well positioned to become a leading provider of human resources in a number of specialized market segments by offering customized resource database management systems as opposed to the wider focus of such companies as TMP Worldwide Inc., (NASDAQ:TMPW - News).

As one of the world's largest specialty human resource database management firms in its business, Options Talent, Inc., a wholly owned subsidiary of Options Talent Group (OTCBB:OPTG - News) has, in less than two years, revolutionized the way entertainment and advertising industries access and manage their human resource requirements.

With over 40,000 human resource data points currently available, Options Talent is the most cost effective avenue for their clients to be assessed and cost effectively screened by the advertising agencies and entertainment companies.

By combining Internet technology, a powerful search engine, and the unmatched power of an advanced database management system, Options Talent is revolutionizing how human resources are identified, marketed and utilized in its market segments. Users can access the system to find thousands of resources or that one, specific data point...anytime...anywhere in the world...without ever leaving their offices.

Options Talent continues to dominate the U.S. market in its industry segments with 57 nationwide offices comprised of 15 corporate owned locations and 42 franchise locations.

Looking beyond the United States, international franchises are now being offered and developed. In Spring 2002, Options Talent, in conjunction with its Master Developer Licensee for Asia, launched the Sydney, Australia and Singapore offices.

Through our worldwide expansion effort, we expect to have a presence in 22 countries by the end of 2003. At every step, we have recognized the challenge and enormous advantage of hyper expansion to establish ourselves as the premier database resource provider.

About Options Talent, Inc. (subsidiary company -- www.optionstalent.com)

Options Talent, Inc., based in Orlando, Florida, is at the forefront of one of the changes affecting the entertainment and advertising industries as they move into the 21st century. Through the use of its technologies and resource database, industry users and their talent suppliers are able to easily access available project resources, increasing their efficiencies and effectiveness.

Forward-Looking Statements

Statements made in this press release, other than those concerning historical information, should be considered forward-looking and subject to various risks and uncertainties. Such forward-looking statements are made pursuant to the 'safe-harbor' provisions of the Private Securities Litigation Reform Act of 1995 and are made based on management's current expectations or beliefs as well as assumptions made by, and information currently available to, management. There can be no assurance as to future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from estimates or projections contained in forward-looking statements include: (i) the effects of vigorous competition in the markets in which Options Talent operates; (ii) the cost of entering new markets necessary to provide products and services; (iii) the impact of additional costs due to adjustments from ongoing evaluations of Options Talent's business strategies; (iv) unexpected results of litigation filed against Options Talent or its subsidiaries; (v) the possibility of one or more of the markets in which Options Talent competes being affected by variations in political, economic or other factors such as monetary policy, legal and regulatory changes or other external factors over which Options Talent has no control; (vi) changes in the pricing policies of the Company or its competitors; (vii) increased competition; (viii) technological changes in computer and telecommunications systems and environments; (ix) the Company's ability to timely develop, introduce and market new products and services; (x) the Company's quality control of products and services sold; (xi) personnel changes; (xii) general economic conditions; and (xiii) such risks and uncertainties as are detailed from time to time in the Company's reports filed with the Securities and Exchange Commission.

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Contact:

     Options Talent Group
     Mark Tolner, 888/590-9994
     mtolner@optionstalent.com
    

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CONTACT INFORMATION
Mark Tolner
Optionstalent Group
4072535000
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