SOURCE: IDI Global, Inc.

October 19, 2005 09:47 ET

IDI Global Acquires Hire Solutions -- A Turnkey Provider of Internet-Based Recruiting Services

Acquisition Adds $900,000 in Annual Revenue and Over $200,000 in Annual Profit

OREM, UT -- (MARKET WIRE) -- October 19, 2005 -- IDI Global, Inc. (OTC BB: IDIB) ("IDI"), a Utah-based educational technology provider, has acquired Hire Solutions and all related assets, products, and training services in an all-stock transaction. The acquisition is immediately accretive, with projected annual profits estimated at between $200,000 and 300,000 on approximately $900,000 in projected annual revenue. Hire Solutions, also based in Utah, is a provider of turnkey internet-based recruiting services.

Lance Conrad, founder of Hire Solutions, joins IDI as a member of the management team and will oversee the training and mentoring of recruiters using the Hire Solutions programs. Conrad created Hire Solutions in 1999 to provide recruiters with innovative systems that speed up business cycles and reduce hiring times. Hire Solutions' programs provide recruiters with a customized applicant screening platform that employs novel techniques to ensure a custom fit between the clients hiring needs and the applicant's personal and professional goals.

"Hire Solutions gives IDI a secure entry into a new and untapped segment of the Small Office Home Office industry," stated Kevin Griffith, Chief Executive Officer of IDI Global. "The synergy of IDI's strength in technology and Hire Solutions strong position in the Internet-based recruiting and training sector should rapidly translate into bottom-line growth."

Lance Conrad, founder of Hire Solutions, stated, "The combined expertise of Hire Solutions and IDI Global provides our clients with the best possible resource for developing their own employee recruitment business."

The acquisition is expected to generate revenue of roughly $900,000 annually by leveraging IDI' s extensive business channels with improved margins resulting in a significant contribution to IDI's bottom line.

About IDI Global, Inc.

IDI Global, Inc. is an educational technology provider that offers comprehensive Internet-based business solutions. IDI's primary market is the small-business owner, the home-office industry, and larger companies within vertical markets that have large affiliate networks. The technology engine that powers these programs allows both large complex organizations and small stand-alone businesses to exploit the full capabilities of the Internet. For additional information about IDI Global Inc., please visit www.idiglobal.com.

About Hire Solutions

Hire Solutions offers a unique opportunity for individuals to receive training, resources, support, and educational materials. Hire Solutions provides access to the largest resume database in the world offering the freedom and benefits of creating one's own recruiter business. For additional information, please visit www.hire-solutions.com.

Forward-Looking Statements

This press release contains certain forward-looking statements. Investors are cautioned that certain statements in this release are "forward-looking statements" and involve both known and unknown risks, uncertainties and other factors. Such uncertainties include, among others, certain risks associated with the operation of the company described above. The Company's actual results could differ materially from expected results.

Contact Information

  • Contacts
    John Nesbett/Jordan Silvertein
    The Investor Relations Group
    (212) 825-3210

    Mark Hildebrandt
    Vice President
    (801) 224-4444