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HRsmart Announces Record Year End 2003 Results

HRsmart Announces Record Year End 2003 Results

HRsmart Announces Record Year End 2003 Results

(Plano, TX, January 28, 2004) - HRsmart Inc., a leading provider of web-based talent management solutions, and one of the fastest growing and most profitable firms in the industry, today reported its fiscal year results for the period ended December 31, 2003.

For fiscal 2003, the Company reported an increase of 111% in revenue when compared to revenue generated in fiscal year 2002.

For fiscal 2003, the company also reported a 211% increase in net income compared to fiscal year 2002.

While our core products continue to lead the industry, our new offerings are beginning to gain momentum." "We are very excited about the new solutions we are bringing to market to streamline the process of recruitment and hiring practices and anticipate continued success based upon the momentum that we have achieved and the projects we are currently undertaking", said Mark Hamdan, President and CEO of HRsmart.

HRsmarts strong performance was marked by a record addition of 75 new clients.

In 2004, we expect to extend our lead as the top talent management solutions provider, as demand for talent management solutions continues to reflect the need to simplify and automate the staffing and talent management processes," continued Hamdan.

About HRsmart

Founded in 1994, HRsmart provides a fully hosted, network-delivered suite of talent management software solutions including applicant tracking, online recruiting, performance management, learning management, career development, succession planning, employee referral and job distribution.

HRsmart supports a wide range of clients including but not limited to the medical, retail, manufacturing, financial, government, hospitality, petrochemical and telecommunications industries. Many companies, including Fortune 500 companies, commercial public career boards and recruiting firms turn to HRsmart for their talent management needs. HRsmart is an IBM certified e-business on demand (ebod) solution partner. HRsmart has operations in the US, Canada and Latin America. For more information, please visit www.hrsmart.com.

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Contact:
Brian Bagnall
HRsmart
bbagnall@hrsmart.com