SearchPath Records Profits

October 3, 2011 – SearchPath HCS, Inc. has announced that after five consecutive years of losses, the company has turned a profit for fiscal year 2011. Revenues were just below 2010 levels at $853,720, but royalty revenues were up eight percent year over year. In addition, corporate placement fees showed an 89 percent year over year growth reflecting the continued strengthening of the search and recruitment marketplace. For the first eight months of 2011, compared to the first eight months of 2010, the top 20 percent of SearchPath offices showed increased revenues of 35 percent. “Since our inception in 2005, we have continued to refine our offering to reflect the changes in our marketplace. We are committed to building a world class organization and to relentlessly pursuing top talent for our clients in most industries and functions around the world,” said Tom Johnston, CEO of SearchPath HCS. “Our techniques and marketing approach, reflected in the launch of a worldwide branding strategy, are built on leveraging industry specific relationships and identification of the top passive candidates.”

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