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| COMPANY OVERVIEW | SearchPath International Announces Intet to Become
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SearchPath International | ||
| CORPORATE GOVERNANCE | Publicly Traded |
UpdBuild Solutions Group | ||
| SEC FILINGS | ||||
| ANNUAL REPORT | ||||
| PRESS RELEASES | Cleveland, Ohio, May 2, 2008 – SearchPath International | |||
| INVESTOR CONTACT | (www.searchpath.com), a Cleveland-based franchisor of talent | MAILING LIST: | ||
| acquisition professional services firms that opened 60 offices in | By subscribing to our mailing list, |
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| its first two and a half years, announced today its intent to | you can easily receive RHJI's press |
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| become publicly traded. SearchPath expects to begin trading | releases. |
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| as a Securities and Exchange Commission-compliant and fully- | (insert subscribe button) |
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| reporting company on the OTC Bulletin Board market during | ||||
| the second half of 2008. | ||||
| ANNUAL REPORT: | ||||
| Last year, SearchPath International announced its 50th | ||||
| franchisee, making it one of the fastest-growing franchise |  |
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| opportunities. In order to continue this impressive growth rate | ||||
| and increase the benefits to its owners, the company has made | ||||
| the decision to begin offering its equities in a public market. | ||||
| “The decision to go public was an easy one,” said Chief | ||||
| Executive Officer, Tom Johnston. “We want to give our | ||||
| franchise owners access to performance-based equity | ||||
| compensation that allows them to share in our success as, | ||||
| together, we grow the company. Having secured the | ||||
| accountants and security attorneys, and currently in | ||||
| negotiations with investment banking firms, we feel we have | ||||
| formed a team destined for success.” | ||||
| The company has hired the Cleveland-based securities law firm | ||||
| Margulies and Levinson to prepare the necessary securities | ||||
| filings to become publicly traded. The PCAOB accounting firm | ||||
| of Skoda Minotti has been retained to prepare the certified | ||||
| audited financial reports. | ||||
| With the most competitive compensation plans in the | ||||
| recruiting industry and a revolutionary education platform, SPI | ||||
| provides earnings opportunities previously unavailable to | ||||
| experienced search consultants and executives who seek an | ||||
| entrepreneurial lifestyle. | ||||
| SearchPath International intends to utilize its pubic equity | ||||
| program to build an organization based on teamwork and | ||||
| partnership. Its recruiters are among the top executive | ||||
| recruiters in the nation, each with extensive professional | ||||
| backgrounds in their particular field of recruitment. | ||||
| “By becoming publicly traded we will have the opportunity to | ||||
| award equity compensation to these individuals in order to | ||||
| attract and retain top talent in the staffing and recruiting | ||||
| industry,” Johnston said, “and to attract the best talent in the | ||||
| search and franchising industry to our franchise support team | ||||
| to continue to build our world class organization.” The equity | ||||
| plan will also allow franchise owners to offer equity to their | ||||
| employees. | ||||
| About SearchPath International | ||||
| Cleveland-based SearchPath International is the nation’s fast- | ||||
| growing talent acquisition professional services firm, with | ||||
| more than 60 offices opened in its first 30 months. SPI was | ||||
| founded in September, 2005, by Thomas K. Johnston, a | ||||
| nationally-recognized search consultant who specializes in the | ||||
| human capital, staffing, and employer services industries. SPI | ||||
| redefines the way clients do business with recruiters by | ||||
| combining proven industry best practices with revolutionary | ||||
| concepts. SPI’s unique ClientCentric approach includes a | ||||
| variety of service options that enable our organization to stand | ||||
| alone against our competition. In partnership with franchise | ||||
| owners, strategic partners, and its franchise support team, | ||||
| SearchPath International will become the premier, vertically- | ||||
| integrated provider of talent acquisition professional services. | ||||
| SPI can be found on the web at www.searchpath.com. | ||||
| Investor Contact | ||||
| ZA Consulting, Inc. | ||||
| 116 W 23rd St. | ||||
| NY, NY 10011 | ||||
| 212-505-5976 | ||||
| PressReleases@ZA-Consulting.net | ||||
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