CLEVELAND, Sept. 2, 2010 (GLOBE NEWSWIRE) -- SearchPath HCS Inc. (Pink Sheets:SRCP), a leading Human Capital Solutions Company, today announced that the Company-owned office of SearchPath International, a wholly-owned subsidiary of the Company, recorded a 21% YoY increase in revenue generated by search and recruiting services for the first 8 months of 2010. The Company-owned office, established in 2005, is the original talent search and recruitment operation of SearchPath International and is located in Cleveland, Ohio.
"We are very excited to see a notable increase in search and recruiting revenue from our original SearchPath International company office. Not only does this show performance improvement for this specific location but more importantly, serves as a leading indicator of the overall performance of SearchPath International," commented Thomas K. Johnston, Chief Executive Officer of SearchPath HCS, Inc.
"The last couple of years have been very difficult for the industry, which is usually one of the first impacted by a downturn in the economy. This increase indicates that the recruiting industry overall is beginning to rebound. Management foresees these results as a foreshadowing of significant performance improvements throughout SPI to be announced in our upcoming Annual Report," continued Johnston.
Search Path HCS, Inc.'s Filings can be found at Pink Sheets SRCP under Filings.
About Search Path HCS, Inc.
SearchPath HCS, Inc. is a rapidly growing human capital solutions firm and the parent company of SearchPath International, Inc. (SPI) www.searchpath.com. SPI is a U.S.-based talent acquisition professional services firm, with 65 franchises nationwide. Founded in 2005, SPI's goal is to become the premier, vertically-integrated provider of talent acquisition professional services in the world. In addition to being a stand-alone talent and acquisition services firm, SPI is also a franchisor of its business that has redefined the way clients do business with recruiters by implementing a client-centric approach that combines proven industry best practices and revolutionary concepts.
Safe Harbor Statement
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of1934. All statements, other than statements of historical fact, including, without limitation, those with respect to the objectives, plans and strategies of the Company and SPI set forth herein and those preceded by or that include the words ``believes,'' ``expects,'' ``given,'' ``targets,'' ``intends,'' ``anticipates,'' ``plans,'' ``projects,'' ``forecasts'' or similar expressions, are "forward-looking statements". Although the Company's management believes that such forward-looking statements are reasonable, it cannot guarantee that such expectations are, or will be, correct. These forward-looking statements involve a number of risks and uncertainties, which could cause the Company's future results to differ materially from those anticipated. The Company assumes no obligation to update any of the information contained or referenced in this press release.