MRINetwork Worldwideís Continued Global Growth

MRINetwork Worldwide, one of the worldís largest executive search organisations, continues to make substantial investments in its business with a new corporate office in Singapore, the signing of a new Regional Development Agreement for the Middle East and four new Network Offices worldwide, bringing the total size of the network to over 1,000 offices in more than 35 countries.

The Regional Development Agreement was signed with MRINetwork Middle East Group, an existing Network Office that has owned and operated offices in Kuwait City, Bahrain and Beirut since 2003. Chairman, Sheikh Mubarak Al-Sabah and CEO, Jacques Ashkar have aggressive expansion plans that will see three additional offices open in Riyadh, Dammam and Jeddah in Saudi Arabia, as well as Oman and Qatar in the next 18 months. This seven office network, together with the highly successful existing office in Dubai, owned by Praveen Manghawani, will position MRINetwork Worldwide as a market leader in the Middle East region.

In India, MRINetwork has opened its very first office as part of plans to expand its business in this region. This new office, to be based in Hyderabad, will specialise in IT consultants (SAP, ERP) working on global contracts, along with Engineering and Bio-tech.

In Europe, a number of new Members have joined MRINetwork Worldwide including two new offices in the UK, based in Bolton and Northampton with desks specialties in sales and marketing for FMCG, and IT and Telecoms respectively. Next month will also see the official opening of new offices in both Israel and Pakistan.

Last month a new corporate office in Singapore was opened to provide support to the continually expanding business in the Asia-Pacific Region. This region remains the fasting growing area, experiencing over 30% growth during 2006. Business in China is particularly strong, where MRINetwork was recently voted Recruitment Firm of the year, an award it has now won for three of the last four years. This new corporate office will provide business development services, marketing support and an in-house recruitment service to source exceptional recruitment talent for regional offices.
ìWe continue to capitalise on the buoyant international market and recent research shows that we remain the leader in our field,î says Steve Mills, Chief Executive Officer of MRINetwork Worldwide. ìAs our network continues to expand, this benefits not only clients and candidates, but also our existing Network Members who can take advantage of increased opportunities for Inter-Office Referrals. Developments like our new Singapore office also means that they are getting even more support than before.î

MRINetwork Worldwide also continues to develop its business in the Latin American market following the sale of its Master License for this region in April of 2007. Office openings are planned in Brazil, Argentina and Columbia for later this year.

MRINetwork Worldwide expects 2007 to continue on its current growth path, with plans to continue expanding the business into other new regions over the coming months.