Caldwell Partners Posts 69 Percent Revenue Gain

January 17, 2011 – Executive search firm The Caldwell Partners International Inc. has posted 2011 first quarter revenue of $6.5 million, up 69 percent over first quarter 2010. The firm attributed its strong numbers to strategic investments in new partners and new offices, and the general improvement in economic conditions. Since the end of the first quarter of fiscal 2010, the firm has increased its search staff by 24 percent, currently employing 77 search professionals, including 32 partners. Caldwell Partners reported a net loss for the fiscal 2011 first quarter of $1,093 ($0.064 per share) as compared to a loss of $1,171 ($0.071) in the comparable period last year. "Given our exceptional fiscal 2010 fourth quarter, a softening in our first quarter revenues was anticipated,” said John N. Wallace, CEO. “We are optimistic that bookings will remain on plan for the balance of the year, but given our relatively small size, our sector focus, and market variability, we can expect to see further fluctuations in our quarterly revenues." Caldwell Partners, founded in 1970, provides human capital services to its clients through offices and partners in Vancouver, San Francisco, Los Angeles, Dallas, Calgary, Chicago, Atlanta, Toronto, Stamford, New York City, and a strategic presence in London.