Brainhunter Inc.

Brainhunter Inc.

June 12, 2009 17:52 ET

Brainhunter Announces Management and Director Changes

Annual General Meeting Called for July 20, 2009

TORONTO, ONTARIO--(Marketwire - June 12, 2009) -


Brainhunter Inc. ("Brainhunter" or the "Company") (TSX:BH) announces that John McKimm, Chairman & Chief Executive Officer and Director has resigned effective today. Mr. McKimm was a founder of Brainhunter and has directed the Company as Chairman & Chief Executive Officer since its origination in September, 2001. Under Mr. McKimm's leadership, the Company reached an annual sales level in excess of $200 Million, developed one of the leading Human Capital Management Technology platforms in the staffing industry and became one of the largest suppliers of professional staffing services and solutions in Canada. Mr. McKimm will remain an advisor to the Company for a period of time to ensure a smooth transition of responsibilities. Mr. Raj Singh, the current President & Chief Operating Officer of Brainhunter will also assume the Chief Executive Officer role. The Board has established an Executive Committee of three directors; Lead Director John Gillies, John Jaakkola and Mel Steinke.

The Company thanks Mr. McKimm for his contributions to the Company and wishes him every success in his future endeavours. Mr. McKimm remains a significant shareholder of Brainhunter.

The Company also announces that the Annual General Meeting of the Shareholders will be held on July 20, 2009, with further details to be announced subsequently. Over the past short while, there has been a dispute between two shareholders groups regarding the timing of the annual shareholders' meeting. Pursuant to a court decision the record date was confirmed and the court determined that the shareholders' meeting was to be held on or before July 21, 2009. The above management and director change was the result of negotiations between the groups to avoid a proxy fight.

Business Overview

Brainhunter is an ISO 9001:2000 Certified "Staffing Services and Solutions" Company. Brainhunter's business is focused on using a leading technology platform to provide end to end recruiting and staffing services and solutions in information technology, engineering and other selected market sectors. These services are provided to clients throughout Canada, United States, and globally under the Brand "Brainhunter".

Brainhunter's technology platform and best practices strive to deliver the most cost effective and flexible recruiting and staffing services and solutions in the marketplace today. The solutions are modular in nature and customizable to suit both small and large scale business processes. Brainhunter has over 350 active client relationships including a number of North America's leading corporations and over 30 federal and provincial government groups. Brainhunter's Jobseeker database currently holds in excess of 1.2 million professionals and is one of the largest active databases for professional staffing in North America.

Brainhunter is a publicly traded company with a senior listing on the Toronto Stock Exchange. Brainhunter deploys over 1600 consultants and has an internal staff of over 170 personnel. The Company has delivery capability across Canada (including Toronto, Ottawa, Maritimes, Montreal, Calgary, and Vancouver), and in the United States, and an office in Hyderabad India.

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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