SearchHound.com announced that it has finalized its acquisition of JobBankUSA.com, a profitable online recruiting and employment network that boasts a client list that includes some of the largest companies in the U.S.  This expands SearchHound.com's capacity and management strength and will be immediately accretive to the bottom line. 
 
 

News

KANSAS CITY, Mo.- April 2, 2001--SearchHound.com, Inc. (OTCBB: SRHN)  today announced the completion of an all-stock transaction, acquiring JobBankUSA.com, Inc., a leading national online recruiting and employment network, thereby expanding its family of technology-based businesses. 

With the acquisition of JobBankUSA, SearchHound provides their community, visitors and every user on the Internet access to a state-of-the-art employment search engine, enabling job seekers and employers to search over one million jobs and resumes via the company's meta-search feature. Other features include a wide range of recruiting and career-related services, including resume distribution, occupational guides, live industry news feeds, and ResumeBroadcaster.com, allowing users to distribute resumes to over 8,000 recruiters and employers with one click.

``JobBank USA is profitable and has been since its inception. Adding JobBankUSA's management team, product line and infrastructure will significantly increase SearchHound's capacity, strength in management, and most importantly, our bottom line,'' stated president and CEO, Dave Mullikin. ``JobBankUSA meets our three guiding principles as an acquisition candidate: JobBankUSA is profitable; JobBankUSA is extremely synergistic to SearchHound; and JobBankUSA and SearchHound are stronger combined than remaining separate,'' says Mullikin.

For the entire news release click here: http://biz.yahoo.com/bw/010402/0198.html
 

About JobBankUSA.com

JobBankUSA.com is a leading national online recruiting and employment network that provides a wide range of career-related services to job candidates, employers and recruitment firms. Users have the ability to access jobs from all major online sites, newspapers, industry and company-specific Web sites from one easy-to-access location. Job seekers can also take advantage of premium features including Resume Broadcaster (www.resumebroadcaster.com), personal job agents, Fortune 500 research, occupational guides, and live industry news feeds. JobBankUSA.com provides recruiters and human resource personnel access to more than five million resumes and a technologically advanced employment advertising network that distributes to over 300,000 job seekers daily. JobBank USA.com's clients include AT&T, Bank One, Boeing, Dell Computer, Disney, Metlife, Morgan Stanley Dean Witter, and more. Over 8,300 member employers subscribe to JobBankUSA.com's award-winning employment services.
 
 

About SearchHound.com, Inc. (from SRHN's 3/28/01 news release)

SearchHound.com is a three-year-old Internet business focused on providing Web Site decision makers, better known as Webmasters, with relevant marketing tools, products and services. The Company maintains an intelligent search engine as well as a member community of more than 1.3 million registered Webmasters, of which 600,000 opt in to receive active communications. SRHN's unique search engine scours the Internet, other major search engines, as well as the multi-million URLs that have been registered directly with SearchHound.com. All of this is done in real-time and the results are ranked by relevance using its patented Neural Network called CC4. 
 
 
 

Links to more Information

For the entire release, click here: http://biz.yahoo.com/bw/010402/0198.html
Company Web site: http://www.searchhound.com
News releases and access to management interviews: http://www.searchhound.com/press/
Recent SEC filings: click here 
Company profile on StockPixx.com: Click here
 
 

Company Contacts

SearchHound.com, Inc.
Dave Mullikin, 816/960-3777
dave@searchhound.com
www.searchhound.com
- or -
JobBankUSA.com
Brett Warner, 904/491-1771
brett@jobbankusa.com
www.jobbankusa.com
 
 

Safe Harbor Statement and Disclaimer

Statements regarding financial matters in above referenced press release other than historical facts are ``forward-looking statements'' within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, the anticipated stock dividends and all other forward-looking statements, be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results. 

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