The Hiring Machine Approaches Its Early-Stage Investment Capital Goal; The Provider of HR Management Services is On Track" with Their Funding Round

The Hiring MachineTM Corporation (www.hiringmachine.com), an emerging provider of Human Resource management (HRM) services, today announced they are about half way to reaching their early-stage investment capital goal.

Nashua, NH (PRWEB) July 24, 2003 -- The Hiring MachineTM Corporation (www.hiringmachine.com), an emerging provider of Human Resource management (HRM) services, today announced they are about half way to reaching their early-stage investment capital goal.

The privately-held company, which was founded in July 2002, has raised, from their founder and a group of private-equity investors, an undisclosed amount of early-stage investment capital they are seeking with which to fund sales and marketing of their innovative suite of HRM services and applications. The Web-service is scheduled to launch in August, and will debut at the Recruiting 2003 Conference and Expo in New York this November.

Timothy J. Goumas, president and CEO of The Hiring Machine, said, The financial markets are beginning to show real signs of loosening their grip on early-stage investment capital. I credit the response were receiving from the private equity community to the strengths of our business plan and management team, and, more recently, to our alliances and abilities to demonstrate the key differentiators of our product suite. We are on track and driving toward closing our early-stage investment round in Q303, in advance of the formal launch of our service in Q403."

About The Hiring Machine
The Hiring Machine Corporation is the first single-source provider of integrated HRM solutions focused on aligning processes, industry services and technology aimed at improving HR productivity, performance and communication. The Hiring Machines integrated suite of HR Application Services will save corporate HR employers and recruiters significant time and expense by providing all the tools they need to manage HRM functions in a lower cost, easy-to-manage Web service.

The service will launch in August 2003 and immediately feature over 3 million resumes, and military-grade content search and retrieval technology. The service will be sold to small and medium-size businesses as a Web service, and to large businesses, employment agencies, and application tracking system providers as an OEM solution.

Learn more at www.hiringmachine.com, or call 866.THM.HIRE.

The Hiring Machine is a trademark of The Hiring Machine Corporation. Other product names or corporate references may be trademarks or registered trademarks of their respective owners.

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