HireQuest, Inc. Announces Acquisition of Recruit Media, Inc.
Summary
Recruit Media’s technology is multi-platform with a web-based application, as well as native iOS and Android apps, to provide candidates and employers with the flexibility to use the platform in a way that best fits their needs. This platform focuses on reducing this friction point, increasing throughput to our franchisees,” commented Rick Hermanns, HireQuest’s President and Chief Executive Officer. Technology increasingly influences all aspects of our business and with the acquisition of Recruit Media we enable our franchisees, employees, and clients to interact with one another more efficiently. Innovations such as advanced search algorithms, in-platform messaging, AI powered content moderation, and web and mobile video tools, including the patented teleprompter, will make wonderful additions to HireQuest’s capabilities and offerings. This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including statements regarding the acquisition of Recruit Media and the expected benefits from such transaction including streamlined communications with franchisees, candidates, and customers, better customer service, integration of Recruit Media’s technology with HireQuest’s current technology suite, and the impact of the potential impact of the foregoing on results of operations and financial conditions of HireQuest.