Portland, ME – May 25, 2005 – Recruiternet, a leading provider of integrated solutions for managing corporate hiring strategies, announced record revenue and increased sales of its Projectix applicant tracking and talent management software to start 2005. In the period from January through April, Recruiternet reported 125% revenue growth over the same period in 2004, including sustained profitability. In the first quarter of 2005, Recruiternet added 13 new enterprise level clients, expanding the world-wide Projectix client base to more than 115 mid- to large-sized corporations and more than 20,000 desktop users.

In addition to sustaining growth of direct sales in North America with notable client wins such as Talbot’s, A&P, Polaris and The Weitz Company, Recruiternet has also leveraged the advanced global capabilities of Projectix to achieve impressive growth in the European market. Recruiternet Europe, a wholly owned subsidiary headquartered in the United Kingdom, more than tripled revenue over last year and added such major clients as William Hill and Vision Express.

Projectix has also proven its impressive integration capabilities and flexible deployment options by being selected by a second large HRMS provider to serve as a private labeled e-Recruiting offering. Recruiternet now has two strategic sales channels that secure wider distribution opportunities for the Projectix platform, both of which are expected to make major additions to overall revenue in 2005 and beyond.

“The feature and technology advantages of Projectix continue to drive our growth as a company and a premiere applicant tracking and talent management solution provider,” said Robert Neveu, President and Founder of Recruiternet. “By deploying Projectix to power both hourly and salaried hiring, tailored to support complex hiring processes, we are able to collaborate with clients to create and streamline a truly continuous hiring workflow. Our focus on client success from the time of job creation to a new employee’s first day is consistently recognized as setting us apart from the competition and creating provable cost savings and returns on investment.”

“Creating Projectix solutions tailored to U.K. and European based hiring processes has given us an edge,” added Russell Crisp, Managing Director of Recruiternet Europe. “The flexibility and global capabilities of Projectix allow us to adapt the system to the unique needs of our clients. We can combine the power of a proven applicant tracking solution with our knowledge of local hiring processes to offer a uniquely powerful business solution.”

Projectix has also been consistently ranked as a leading applicant tracking solution by independent sources. Gartner, Workforce Management and ERExchange have all included Projectix in their analyses of leading solution providers. Projectix has been noted for its high levels of flexibility through technologically advanced configuration capabilities and a collaborative services approach. By leveraging .NET technology from the ground up, Projectix is tailored to a company’s particular recruiting process, including seamless HRMS integration, complementary service offerings and advanced workflow support. Projectix supports talent management across an organization and around the globe, offering 13 standard language translations and complete localization of the data scheme.

Founded in 1999 and headquartered in Portland, Maine, Recruiternet is the enterprise behind Projectix, a leading applicant tracking and talent management solution for corporations around the world. Projectix supports a wide range of clients, including Dunkin Brands, The TJX Companies, Inc., FoodLion, Tyco Healthcare and SGI. Recruiternet is exclusively focused on partnering with its Projectix customers to cost-effectively enhance the recruiting and staffing process. Recruiternet Europe, headquartered in the U.K. and dedicated to supporting European Projectix clients, is a wholly owned subsidiary of Recruiternet. Recruiternet is a Microsoft Certified Partner. More information is available at www.fadv.com/hms/.

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