| Computer Horizons’ Request For Preliminary Injunction Not Granted
Boston, MA (June 12, 2003) – Aquent LLC, a privately held global professional services firm, today announced that the New York State Supreme Court did not grant Computer Horizons Corp.’s (Nasdaq: CHRZ) request for a preliminary injunction to set aside the certified results of the election of directors at the Company’s May 14, 2003 Annual Meeting of Shareholders. Requests for similar relief by Computer Horizons were earlier denied by the New York State Supreme Court and the U.S. District Court, District of New Jersey. Computer Horizons and Aquent will now undergo a standard discovery process and report back to the Court on the status of that discovery at the end of July. No further hearing dates have been scheduled.
Aquent noted that the Computer Horizons Board of Directors is scheduled to meet on June 27, 2003, at which time the newly constituted Board has the opportunity to consider recent actions by Computer Horizons’ management that Aquent believes are not in the best interests of Computer Horizons shareholders and employees. One such example is Computer Horizons CEO William Murphy’s recent $75,000 bonus at a time when the Company had announced a restriction on raises and bonuses to employees.
John Chuang, Chairman and Chief Executive Officer of Aquent LLC, said, “Shareholders are looking to the outside directors to exercise their oversight and reign in management from engaging in the continued waste of corporate assets, including the Company’s costly and disruptive efforts to use the judicial process to subvert the will of its shareholders.”
Chuang added, “The shareholders have sent a clear message to this Board, through the election of Karl Meyer and Robert Trevisani as two new independent directors, that shareholders want and expect their Board to fulfill its fiduciary duty to explore all avenues open to the Company with the goal of maximizing shareholder value. Aquent remains committed to its $5.00 per share premium cash merger proposal and we reiterate our willingness to meet with this newly constituted Board and its advisors to negotiate a definitive agreement. We are confident that working together, we can close a transaction rapidly and shareholders can receive substantial cash value for their shares. We expect to hear from the Board shortly after its scheduled meeting.”
About Aquent
Aquent LLC is a privately-held premier global solutions company that operates 70 offices located in 15 countries. Aquent consists of two divisions: IT Services, providing solutions in application development, quality assurance testing, and project management; and Marketing & Creative Services, providing outsourcing, systems consulting and staffing for Global 1000 companies. Aquent was founded 17 years ago and is headquartered in Boston, MA. Additional information about Aquent can be found on the Company’s website at www.aquent.com.
SAFE HARBOR STATEMENT
Certain statements contained herein regarding matters that are not historical facts are forward-looking statements (as defined in the Private Securities Litigation Reform Act of 1995). Such forward-looking statements involve risks and uncertainties; consequently, actual results may differ materially from those expressed or implied thereby, including due to risk factors listed from time to time in Computer Horizons’ reports and filings with the Securities and Exchange Commission.
Contact:
Investors
Mark Harnett
MacKenzie Partners
212-929-5500
Media
Matthew Sherman / Jeremy Jacobs
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449 | 
