HRsmart is ranked Number 362 on Deloitteís 2007 Technology Fast 500

HRsmart today announced that it ranked Number 362 on Deloitteís 2007 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on percentage of fiscal year revenue growth over five years, from 2002ñ2006. HRsmart grew 404 percent during this period.

HRsmartís CEO, Mark Hamdan, credits the companyís 404-percent revenue growth over the past five years to rapid adoption of new talent management technology and the development of key strategic alliances with organizations such as Monster, ChoicePoint and Psichometric International, as well as newfound success in global markets such as South Africa and the United Kingdom.

He said, HRsmart is honored to have won this award for the third consecutive year. We are seeing a surge in companies who recognize the value of integrated talent management systems that work cohesively with an installed HRIS/HRMS. Interest in these systems is also rapidly growing around the world and we have had great success in engaging European and African companies. We look forward to future years to growth rates surpassing those we have experienced in the past five years.

Deloitteís Technology Fast 500 recognizes technology companies who have achieved extraordinary growth in North Americaís most innovative and competitive sectors,î said Phil Asmundson, vice chairman, U.S. Technology, Media and Telecommunications, Deloitte & Touche USA LLP. We congratulate HRsmart on this significant accomplishment.

HRsmart has been named on the Deloitte Fast 500 list in past years, having been previously ranked 195 on the 2006 list and 54 on 2005 Deloitteís Technology Fast 500. In addition to ranking on Deloitteís Technology Fast 500, HRsmart ranked 31 on the Texas Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in Texas.

Fast 500 Selection and Qualifying Criteria

The Fast 500 ranks the fastest growing technology, media, telecommunications and life sciences companies in North America. It is compiled from Deloitteís 16 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. Companies are selected based on percentage revenue growth from 2002 to 2006.

Entrants must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues or devote a significant proportion of revenues to research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify. Base-year operating revenues must be at least $50,000 USD or $75,000 CD, and current-year operating revenues must be at least $5 million USD or CD. Companies must be in business a minimum of five years, and they must be headquartered within North America.