SOURCE: The McKinley Group

February 21, 2006 13:16 ET

Local Search Firm Reports 2005 Annual Revenue Growth of 70%

McKinley Group Earns $3.9 Million in Third Year

MINNEAPOLIS, MN -- (MARKET WIRE) -- February 21, 2006 --Representatives from executive search firm The McKinley Group reported record sales in 2005 of $3,967,272.26. The Minneapolis-based firm experienced an increase in revenues of 70% from 2004 numbers. 2005 was The McKinley Group's third full year of operation.

"My partners and I created this organization with the intention of becoming the industry leader in a short period of time," said President Paul Beard. "Our extensive networks, which really span across the country, have provided a strong foundation for rapid growth." The firm is one of the largest of its kind in the Midwest, and garnered more than 300 successful placements in 2005.

Plans for expansion include continued growth in The McKinley Group's base of business in technology, engineering, sales and marketing. Newly created sister company McKinley Finance was recently spun off from The McKinley Group to create more focus on the finance and accounting search business.

McKinley partner and founder Tony Sorensen is positive about the 2006 employment outlook for the Twin Cities. "We've seen a great deal of growth in the number of companies looking for qualified, professional employees. Locally, I think it's becoming a jobseeker's market again for the first time in quite a while."

About The McKinley Group: Headquartered in the Carlson Towers in Minneapolis, Minnesota, The McKinley Group was founded in 2001 to provide executive search and corporate placement services to leading Twin Cities' businesses. Since its inception, The McKinley Group has tripled in size in only three years to become one of the largest search firms in the Midwest. The McKinley Group provides search and placement services in the areas of sales and marketing, technology, and engineering. Along with its sister companies, McKinley Finance and McKinley Consulting, the firm continues to be a leader in the executive search industry. The three entities generated more than $5.2 million in 2005. The McKinley Group is a member of the National Association of Personnel Services and the Minnesota Association of Personnel Services. The firm ranks in the top ten percent of U.S. search firms for the number of Certified Personnel Consultants in its employ. For more information visit www.mckinleygroupinc.com.

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