eResearch

eResearch

June 06, 2007 11:57 ET

eResearch Distributes Update Report on Brainhunter Inc.

TORONTO, ONTARIO--(Marketwire - June 6, 2007) - eResearch is pleased to distribute an Update Report written by Catalyst Equity Research Inc. on Brainhunter Inc. (TSX:BH). Brainhunter is a leading Canadian human resource procurement company providing high value-added end-to-end staffing solutions and services. It is one of the largest suppliers on a contract basis of information technology and engineering professionals to customers, primarily large corporations and governments.

In the Initiating Report, dated November 10, 2006, Analysts Robin Cornwell, MBA and Bill Campbell, B.Comm., state that, "Our positive outlook for Brainhunter is based upon our premise that the Company will benefit from its recent cost restructuring, its enhanced strategic market position from two recent and fully integrated acquisitions, and its significant investment in technology."

In the Update Report, dated February 23, 2007, the Analysts state "We conclude that Brainhunter is in a unique position to garner further sales contracts as management focuses on increasing market share, at the same time continuing to benefit from its recent cost restructuring and its enhanced strategic market position from recent acquisitions."

In this Update Report, which analyzes the Company's performance in Q2/2007, the Analysts remark that, "Overall, an impressive quarter which nicely positions Brainhunter to exceed our forecast and report more than a doubling of EBITDA in fiscal 2007."

The opinions, estimates, Recommendation and Target Price contained within these research reports are those of Catalyst Equity Research Inc. and not of eResearch. Catalyst Equity Research Inc. is an independent equity research firm and its Risk Rankings, Research Ratings, and relevant Disclosure Statements are provided on the back page of each report. Catalyst Equity Research analysts Robin Cornwell and Bill Campbell write research reports for eResearch from time to time on a contractual basis.

eResearch, which is Canada's primary source for independent, quality, investment research, focused primarily on small- and mid-cap companies, was paid a fee by Brainhunter Inc. to disseminate this report through its extensive electronic distribution network.

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