Recruiter.com Group, Inc. (OTCQB: RCRT), a leading hiring platform with the world's largest network of job recruiters, today announced results of operations for the third quarter ended September 30, 2020.
"We continue to see the rapidly growing demand for our solutions from companies big and small," stated Evan Sohn, Chairman, and CEO. "From expanding our talented team to growing relationships with both new and established customers, our third quarter was filled with major accomplishments that have placed us in a great position for rapid growth moving into 2021."
Key Highlights:
"We are at the epicenter of the Great Rehire," continued Sohn. "Our disruptive business model, matched with our technological prowess, has made recruiting faster, cheaper, and easier than ever before. We are on track to realize our vision of becoming one of the leading on-demand professional recruiting solutions, well-positioned to provide an essential service to both Fortune 500 companies and small and medium-sized businesses, as the great re-hiring continues."
"With a network of more than 27,000 recruiters, AI-matching technology, on-demand recruiting, video screening technology, and more, Recruiter.com is uniquely positioned to help accelerate the recruiting and hiring process during the reopening of America, and I couldn't be more excited to help drive that positive mission forward," concluded Sohn.
Third Quarter 2020 Financial Results
"We believe we have built a strong foundation for long-term growth," said Judy Krandel, Chief Financial Officer of Recruiter.com. "We believe our strategic investments in people and technology are primed to generate significant returns in the quarters ahead as businesses continue to move forward with reopening plans. With a dominant marketing position and increasing demand, we are well-positioned to capitalize on a wealth of opportunities."
Recruiter.com Group, Inc.
Recruiter.com is a hiring platform for the world's largest network of small and independent recruiters. We empower businesses to recruit specialized talent faster with virtual teams of recruiters and AI job-matching technology. Visit https://www.recruiter.com.
For investor information, visit https://www.recruiter.com/investors.html.
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Company Contact:
Recruiter.com Group, Inc.
Phone: (855) 931-1500
Cautionary Note Regarding Forward-Looking Statements:
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including but are not limited to demand for our services, revenue potential, and the economic re-opening. The words "forecasts" "believe," "may," "estimate," "continue," "anticipate," "intend," "should," "plan," "could," "target," "potential," "is likely," "will," "expect" and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements primarily on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include continued demand for professional hiring, the impact of the COVID-19 pandemic on the job market and the economy as virus levels are again rising in many states, and the Risk Factors contained within our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2019. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments, or otherwise, except as may be required by law.