SOURCE: Talent Alliance, Inc.

September 14, 2010 07:00 ET

Talent Alliance Announces Corporate Name Change to Hire International, Inc.

AUSTIN, TX--(Marketwire - September 14, 2010) - Talent Alliance, Inc. (PINKSHEETS: TLAN), an international HR services firm, announces its name change to Hire International, Inc., with a delayed effective date of September 23, 2010. The Company has notified FINRA of the name change and is awaiting final approval.

The name change reflects the Company's continued re-branding and focus on its international development. The company will also be releasing a new version if its website as well as re-developing its television commercial which it expects to air on Fox Business, CNBC and other daytime business outlets later in the fall of this year.

Additionally, the Company is pleased to report positive results from its previously noted restructuring efforts. As a result of our "back to basics" focus we have trimmed over $190,055 from our SGA expenses for the 2nd quarter of 2010 compared to the same quarter of 2009. This represents a decrease of 67.49% of our corporate overhead. This, along with other cost savings approaches, resulted in positive EBITDA for the 2nd quarter of 2009 of $4,606 vs. negative EBITDA of ($58,930) for the same period in 2009.

The Company intends to aggressively rebrand under its new name as soon as it receives approval from FINRA. "We decided to change our name to better reflect our core business and our international focus. We believe that our new brand is a positive, simple, representation of our business and our strategic goals," commented Jeremy Stobie, chief executive officer of Talent Alliance. "We are definitely seeing a rebound in hiring in the technical fields, and this, we hope, will be followed by a broader rebound in the employment markets. We hope to launch our expanded advertising campaign later this year which includes television commercials for daytime business television geared toward senior executives of large international businesses. We believe that our new name is a meaningful embodiment of our progression as an organization."

The Company has filed its Restated Certificate of Incorporation with the Delaware Secretary of State. The Restated Certificate also provides for an expansion of the Company's authorized common stock to 950,000,000, which was approved by the Board of Directors to provide for additional treasury stock to make additional acquisitions and execute its business plan. A copy of the Company's Restated Certificate can be downloaded from www.pinksheets.com.

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 the Company'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 the Company's expectation. These factors are elaborated upon and other factors may be disclosed from time to time in the Company's past filings with www.pinksheets.com and available on its website. Talent Alliance, Inc. expressly does not undertake any duty to update forward-looking statements.

Contact Information

  • Contact:
    Jeremy Stobie
    512-879-1590