Recruiting. Staffing. Consulting.

RALEIGH - HireNetworks, providers of strategic recruiting, staffing and human resources consulting services to blue chip, international and emerging-growth companies, announced today its 2002 corporate performance and staff promotions for 2003. The company recorded substantial increases in revenue, candidate placements and customer acquisitions over the same period in 2001. It also promoted Mike DeCellis to recruiting manager and Ross Warren to team lead for the professional division.

"In a difficult economic environment, we improved in all areas of our business," said Craig Stone, founder and chief executive officer for HireNetworks. "Our performance in 2002 is a credit to the outstanding work and dedication of our employees as well as the strategic investments we have made in marketing, technology and business development."

HireNetworks countered recent staffing industry trends of poor performance by producing record setting results in 2002. The company reached and maintained profitability by posting an impressive 117 percent increase over 2001 revenues. HireNetworks enjoyed substantial increases in candidate placements (28 percent) and customer acquisitions (90 percent) in 2002. The company also established a sterling advisory board and ranked in the Top Ten on the Triangle Business Journals' prestigious list of top executive recruiters. HireNetworks is well positioned for continued success and has plans to add three to four new employees in 2003.

"This is a challenging but extremely exciting time for HireNetworks," added Stone. "During 2003 we expect to expand our customer base, grow revenue and further improve financial performance through the value we deliver to customers and candidates but also the important investments we are making in our people."

About HireNetworks
HireNetworks, based in Raleigh, N.C., provides strategic recruiting, staffing and human resources consulting services to blue chip, international and emerging-growth companies with a special focus on providing elite, pre-screened personnel for the information technology, life sciences and semiconductor sectors. HireNetworks works as a collaborating business partner with its clients, offering expanded services and alliance service networks to enable early stage companies to build their businesses, as well as their staffs. Founded on the values of integrity, business ethics and intelligence, HireNetworks has earned the loyalty of a select and growing customer list through the consistent placement of top talent that brings its clients intellectual capital, enduring material value, and corporate stability. For more information about HireNetworks visit www.HireNetworks.com.