Brainhunter Inc.
TSX : BH

Brainhunter Inc.

May 04, 2009 14:35 ET

Brainhunter Signs Engineering Contract Valued at Over $35 Million Per Annum

TORONTO, ONTARIO--(Marketwire - May 4, 2009) -

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION TO CANADIAN INVESTORS ONLY.

Brainhunter Inc. ("Brainhunter" or the "Company") (TSX:BH) is pleased to announce that the Company's Engineering Division has signed a contract valued in excess of $35 Million per annum. The contract has a two year term with automatic extensions for consecutive one year periods.

Brainhunter's consolidated backlog, including expected renewals of existing business over the period ending fiscal year 2010 (September 30), is approximately $327 Million. Of this amount, approximately $100 Million is deliverable for the fiscal year ending September, 2009.

Brainhunter's clients include over 350 active accounts and over 100 preferred vendor relationships with national and global entities.

Business Overview

Brainhunter is an ISO9001:2000 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 200 personnel. The Company has delivery capability across Canada and in the United States including Toronto, Ottawa, Maritimes, Montreal, Calgary, Edmonton, Vancouver, activities in Dalian China, and an office in Hyderabad India, and the UK.

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

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