Brainhunter Inc.

Brainhunter Inc.

February 17, 2009 16:31 ET

Competition Bureau Files Charges

TORONTO, ONTARIO--(Marketwire - Feb. 17, 2009) -


Brainhunter Inc. ("Brainhunter" or the "Company") (TSX:BH) announced today that the Competition Bureau has charged the Company, one employee and one former employee under the Competition Act. The charge stems from a Joint Venture bid submitted in October 2005 to Transport Canada, where Brainhunter was one of several sub-tier vendors to the Joint Venture. Brainhunter's primary involvement was the submission of approximately 9 resumes to the Joint Venture. The Bid was never won by any member of the Joint Venture.

The Chairman and CEO of the Company stated, "We take these allegations very seriously. The Company has conducted its own internal investigations since it became aware of the allegations and is confident neither the Company nor its employees are guilty of any wrongdoing. Brainhunter has a long history of providing IT services and has at all times conducted itself ethically and in accordance with the terms of accepted procurement processes."

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 2000 clients including a number of 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 1800 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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