SOURCE: Hire International, Inc.

April 18, 2011 08:00 ET

Hire International Announces Share Reduction and Increased Voting Control for Shareholders

AUSTIN, TX--(Marketwire - Apr 18, 2011) - Hire International, Inc. (PINKSHEETS: TLAN) announced today that its Board of Directors has accepted a plan to cancel 100,000,000 (One Hundred Million) restricted common control shares currently owned by the Company's Officers and Directors. In addition to the cancellation of these shares, the Company's preferred stock holders have also accepted a plan to cancel or convert all preferred stock, which has a voting preference of 100:1, to restricted common stock with no voting preference. The Company expects that all shares will be tendered to the Company's transfer agent and cancelled within a few weeks.

"Our Board and Officers are committed to making the Company more transparent and provide more control to our shareholders. The conversion of all preferred shares will result in a one shareholder one vote capital structure," says Jeremy Stobie, the Company's CEO. Stobie adds, "The common shares being tendered for cancellation, which are coming from the Officers of the Company, are being cancelled for total consideration of two dollars. We believe that the reduction in dilution and the increased voting power created by the elimination of the preferred shares enables a more well-rounded corporate governance approach for our Company and a benefit to our Shareholders."

Safe Harbor Statements under the Private Securities Litigation Reform Act of 1995: The material contained in this press release may include statements that are not historical facts and are considered "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect Hire International's current views about future events, financial performances, and project development. These "forward-looking" statements are identified by the use of terms and phrases such as "will," "believe," "expect," "plan," "anticipate," and similar expressions identifying forward-looking statements. Investors should not rely on forward-looking statements because they are subject to a variety of risks, uncertainties, and other factors that could cause actual results to differ materially from Hire International's expectation. These factors are elaborated upon and other factors may be disclosed from time to time in Hire International's past filings with and available on its website. Hire International expressly does not undertake any duty to update forward-looking statements.

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