HRsmart Announces Record Year End 2003 Results

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.

HRsmart’s 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.