SOURCE: Rhino Human Resources Inc.

February 01, 2012 12:58 ET

Rhino Human Resources Ready for Next Step in Company's Growth

HOLBROOK, NY--(Marketwire - Feb 1, 2012) - Rhino Human Resources, Inc. (PINKSHEETS: IFHR) today announced that the company has risen from the proverbial quicksand that holds many smallcap companies from reaching past the reputation of a penny stock, and now is ready start discussions with a suitable merger candidate that will take the company to the next level. After posting its financial disclosures for 2010 and the first three quarters of 2011 earlier this year, Rhino is now nearing the completion of preparing the 2011 Annual disclosure bringing the company current once and for all before the end of the month if all goes as planned.

With the financial disclosures current, the company's next goal is to have those financials audited almost immediately so that they will be in compliance with the Securities Exchange Act of 1934, and therefore fully reporting by the time they have worked out the details of a merger with a reputable and economically sound candidate.

Previously just a consultant to the company, Ray Barton was recently appointed Chief Executive Officer of the company. Mr. Barton is experienced in the management and building of smallcap and microcap companies, as well as seeking, identifying and executing mergers between public companies. Mr. Barton took the position with one main mission in mind: to clean up the mess left by prior management and make sure the company becomes current on all of its filings. Once that is complete, within the next couple weeks, he will begin negotiations with suitable merger candidates in order to bring as much shareholder value as possible to the company. "One thing cannot be argued," Barton said confidently, "we are taking our time, and doing it the right way. IFHR is NOT just another penny stock."

Barton claims he is talking to candidates with a track record of profitability and respectable revenue levels that increase annually. His overall goal is to groom the company to be as appealing as possible to a worthy candidate and to put together a transaction that will minimize dilution while increasing shareholder value exponentially.

Although the company cannot verify whether or not it currently has a candidate in mind, it would likely not be able to disclose those candidates at this time anyway due to confidentiality agreements. However, the company assures shareholders that they will scrutinize potential targets very carefully for the best possible fit and as soon as any material agreements are reached, they will be announced to the public.

Rhino Human Resources, previously INFE Human Resources, operates a wholly owned subsidiary, LoneStaffing, Inc., that consults businesses and helps them recruit commission only sales reps. Recently, management has decided to seek out a merger candidate in an emerging market to take the company to a higher level.

Contact Information

  • For more information contact:
    Rhino Human Resources
    Investor Relations