Toronto, Ontario–(Newsfile Corp. – April 17, 2020) – Bay Talent Group (TSXV: HIRE) (“HIRE” or the “Company”) announces it has proposed to change its name to “HIRE Technologies Inc.” effective April 21, 2020, subject to TSX Venture Exchange approval. The new name, HIRE Technologies, better reflects the Company’s technology focus in the staffing, recruitment, and HR consulting sectors.
“Our mission as an acquirer of technology and staffing firms is to develop a comprehensive network of solutions to assist employers in the pursuit and retention of top talent, with SaaS based technologies at the forefront of our offering,” says Simon Dealy, Chief Executive Officer. “We are excited about this new direction in our name and believe it will resonate more strongly with our audience and corporate vision.”
In addition to a revised corporate name, HIRE Technologies will be unveiling a new logo and identity, which marks a significant step in the Company’s brand evolution.
Upon completion of the name change, the common shares of the Company will continue to be listed for trading on the TSXV under its existing symbol “HIRE”.
No action will be required by existing shareholders with respect to the name change. Issued share certificates representing common shares of the Company will not be affected by the change of name and will not need to be exchanged. The Company encourages any shareholder concerns in this regard to be directed to such person’s broker or agent.
The Company’s new website, as of April 21, 2020 will be www.hire.company.
About HIRE Technologies
HIRE Technologies is focused on acquisition of information technology, staffing, and HR consulting firms. They provide their partners with meaningful cross-selling opportunities, access to proprietary operational tools, and a scalable, centralized back-office system to support growth.
HIRE’s current operating subsidiaries, Provision IT Resources Ltd. and PTC Accounting and Finance Inc., are staffing firms that offer a range of professional recruitment services for accounting, finance, information technology, office administration and human resources. HIRE’s clients include large organizations in the financial, government, insurance, and pension fund sectors, as well as, small and medium sized businesses across a broad range of industries.
For further information, please contact:
Bay Talent Group Inc.
Simon Dealy, Chief Executive Officer
Phone: (647) 868-9611
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Forward Looking Information
The information provided in this press release contains “forward-looking statements” or “forward-looking information” (collectively referred to hereafter as “forward-looking statements”) within the meaning of applicable Canadian securities legislation.
All statements in this press release that address activities, events or developments that HIRE expect or anticipate will, or may, occur in the future, including statements about HIRE’s business prospects, future trends, plans, strategies, including, in particular, HIRE’s acquisition strategy and the expected benefits thereof and objectives. In some cases, forward-looking statements are preceded by, followed by or include words such as “may”, “will”, “would”, “could”, “should”, “believes”, “estimates”, “projects”, “potential”, “expects”, “plans”, “intends”, “anticipates”, “targeted”, “continues”, “forecasts”, “designed”, “goal”, or the negative of those words or other similar or comparable words.
Forward-looking statements are not a guarantee of future performance and are based upon a number of factors, including, without limitation, assumptions about: future economic conditions (including the effect of the COVID-19 pandemic on national and international financial markets), competition; anticipated and unanticipated costs; the ability of HIRE to obtain any necessary financing on acceptable terms; and the ability of the HIRE to obtain qualified staff and services in a timely and cost-efficient manner.
Although management of HIRE believes that the assumptions made and the expectations represented by such statements are reasonable, there can be no assurance that a forward-looking statement herein will prove to be accurate.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of HIRE to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks relating to: the limited operating history of HIRE, reliance upon key management, adverse changes in general economic conditions (including the continuation of the COVID-19 pandemic), the failure to identify eligible candidates, competition and low barriers to entry, litigation risk, cybersecurity risks, reputational damage, failure to access technology necessary to compete, failure to align cost structure with revenue, reliance on key customers, risk that HIRE will be unable to meet its obligations under financial instruments, risks inherent to HIRE’s acquisition strategy, conflicts of interest, significant ownership and control by significant shareholders, requirement for additional financing, potential dilution from the exercise of convertible securities and the potential for activist shareholders, all as more particularly described in “Risk Factors” in the filing statement of HIRE (then Danacore Industries Inc. dated as at November 26, 2019 filed under the Company’s profile on www.SEDAR.com). Although HIRE has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended.
All forward-looking statements made in this press release are qualified by such cautionary statements. HIRE undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.