SOURCE: Hire International, Inc.

May 16, 2011 13:15 ET

Hire International Confirms April Share Reduction and Announces Additional Share Cancellations

AUSTIN, TX--(Marketwire - May 16, 2011) - Hire International, Inc. (PINKSHEETS: TLAN) announced today that it has confirmed the cancellation of 100,000,000 (One Hundred Million) restricted common control shares, and the cancellation of all of its preferred stock in exchange for $4.00 and the issuance 2,750,000 common restricted shares to a non-affiliate shareholder. The initial share cancellation resulted in the reduction of 97,250,000 common shares and 10,000,000 preferred shares.

In addition to the cancellation of these shares, the Company has announced an additional cancellation of 38,000,000 shares held by non-affiliate shareholders for total consideration of $2.00. These shares were originally part of a debt conversion whereby the original converting shareholders had agreed to fund the Company with operating loans of $400,000, of which only $17,000 was funded. In a settlement with the some of these shareholders, the Company has accepted the cancellation of these shares in exchange for the cancellation of their obligation to advance monies to the Company. The Company expects that all shares will be tendered to the Company's transfer agent and cancelled within a few weeks.

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 www.otcmarkets.com and available on its website. Hire International expressly does not undertake any duty to update forward-looking statements.

Contact Information