Growing Economy Gives Grn Huge Growth Spurt In 2005

GRN Reports Annual System-Wide Revenue Up 430% from Previous Year

(Thursday, February 16, 2006) - Global Recruiters® reported its strongest gain ever with system-wide revenue of $11.5 million in 2005, up 430% from the previous year. In 2004, the company closed with $2.1 million. Industry observers credit GRN's increase to the economic lift the U.S. economy received this past year.

"GRN's placement surge is coming from high-growth industries such as technology, healthcare and other service related fields," says CEO Brad Baiocchi. Baiocchi continues, "There's also steady momentum building for top talent in more traditional areas like manufacturing, finance and insurance. With our unified network of offices, we're perfectly positioned to help our clients acquire top talent to fill their critical needs."

Adds Baiocchi, "One key factor that continues to fuel our growth is the government's projection of almost 19 million new jobs with only 15 million people entering the labor force in the next ten years. Throw exiting baby boomers into the mix, and we're in for a wild ride."

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