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| COMPANY OVERVIEW | SearchPath HCS Highlights Anticipated Surge in Recruiting and
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SearchPath International | ||
| REQUEST INFO | Franchise Sales as a Result of New Healthcare Legislation |
UpdBuild Solutions Group | ||
| NEWS | ||||
| MEDIA CENTER | CLEVELAND, March 25, 2010 (GLOBE NEWSWIRE) -- | |||
| FINANCIALS | SearchPath HCS, Inc. (Pink Sheets:SRCP) a Human Capital Solutions | |||
| MANAGEMENT TEAM | Company, announced today that the Company anticipates an increase | |||
| CONTACT US | in its franchise sales and recruiting activity as a result of new healthcare | |||
| legislation passed by the U.S. House of Representatives on March 21, | ||||
| 2010. | ||||
| The Company believes the new legislation contains both short and | ||||
| long-term provisions that will encourage Americans who would like to | ||||
| explore new job opportunities, but have not due to a high risk that their | ||||
| health insurance coverage will be discontinued or interrupted, to do so. | ||||
| SearchPath HCS specifically cites the provision that allows people | ||||
| with pre-existing conditions to purchase insurance from a new high-risk | ||||
| pool that have capped individual and family out-of-pocket costs until | ||||
| 2014, when insurance companies will no longer be able to refuse | ||||
| applicants with pre-existing health problems. | ||||
According to the SearchPath HCS, up to 20% of the Company's |
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| target candidate pool has been dormant in job searching strictly | ||||
| because of healthcare related concerns, primarily pre-existing medical | ||||
| conditions. | ||||
| "We expect to see a trend of significant long term growth in the talent | ||||
| and recruiting industry as a whole due to the healthcare legislation that | ||||
| was just passed in addition to the organic growth that is already | ||||
| forecasted due to the U.S. economic recovery. SearchPath specifically | ||||
| anticipates experiencing short-term benefits such as an increase in the | ||||
| number of professionals, both young and old, interested in becoming a | ||||
| franchise owner and working for themselves," commented CEO of | ||||
| SearchPath HCS, Inc., Thomas K. Johnston. | ||||
| "Due to this paradigm shift in healthcare, this will be much more | ||||
| feasible as young entrepreneurs can now be covered under their | ||||
| parents' policies until they are 26, providing them freedom from having | ||||
| to take a corporate job that is not ideal due to health coverage. Older | ||||
| Americans with pre-existing conditions will have more freedom to | ||||
| pursue business ownership without the risk of not having healthcare | ||||
| coverage for their families," continued Johnston. | ||||
About Search Path HCS, Inc. Safe Harbor Statement |
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| CONTACT: Seal Point Consulting Nick Torrens Phone: 267-364-5407 investors@sealpointconulting.com |
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