NEW YORK, Nov. 22, 2016 /PRNewswire/ -- DHI Group, Inc.
(NYSE: DHX) ("DHI" or the "Company"), a leading provider of data,
insights, and employment connections for select professional
communities, today announced that the Company, with support of the
Board of Directors, has retained Evercore as its financial advisor
to explore strategic alternatives to ensure the Company's ownership
structure optimizes the Company's ability to achieve its growth
initiatives through its strategic plan and to maximize shareholder
value. DHI previously announced its intention to explore strategic
alternatives on November 1, 2016 in
conjunction with the Company's third quarter financial results.
"We have worked with Jonathan
Knee and the team at Evercore for over a decade and are
pleased to continue that association," said Michael Durney, President and Chief Executive
Officer of DHI Group, Inc. "Importantly, we remain enthusiastic
about the Company's prospects and ability to enhance shareholder
value under our new tech-focused strategy, regardless of the
outcome of a strategic alternatives process."
Retaining an advisor is an important step in the strategic
alternatives process, but there can be no assurance it will result
in a transaction.
Investor Contact
Brendan
Metrano
VP, Investor Relations
DHI Group, Inc.
212-448-4181
ir@dhigroupinc.com
Media Contact
Rachel
Ceccarelli
Director, Corporate Communications
DHI Group, Inc.
212-448-8288
media@dhigroupinc.com
About DHI Group, Inc.
DHI Group, Inc. (NYSE: DHX) is a
leading provider of data, insights and employment connections
through our specialized services for professional communities
including technology and security clearance, financial services,
energy, healthcare and hospitality. Our mission is to empower
professionals and organizations to compete and win through expert
insights and relevant employment connections. Employers and
recruiters use our websites and services to source and hire the
most qualified professionals in select and highly-skilled
occupations, while professionals use our websites and services to
find the best employment opportunities in and the most timely news
and information about their respective areas of expertise. For over
25 years, we have built our company on providing employers and
recruiters with efficient access to high-quality, unique
professional communities, and offering the professionals in those
communities access to highly-relevant career opportunities, news,
tools and information. Today, we serve multiple markets located
throughout North America,
Europe, the Middle East and the Asia Pacific region.
Forward-Looking Statements
This press release and oral
statements made from time to time by our representatives contain
forward-looking statements. You should not place undue reliance on
these statements because they are subject to numerous uncertainties
and factors relating to our operations and business environment,
all of which are difficult to predict and many of which are beyond
our control. Forward-looking statements include information without
limitation concerning our possible or assumed future results of
operations, including descriptions of our business strategy. These
statements often include words such as "may," "will," "should,"
"believe," "expect," "anticipate," "intend," "plan," "estimate" or
similar expressions. These statements are based on
assumptions that we have made in light of our experience in the
industry as well as our perceptions of historical trends, current
conditions, expected future developments and other factors we
believe are appropriate under the circumstances. Although we
believe that these forward-looking statements are based on
reasonable assumptions, you should be aware that many factors could
affect our actual financial results or results of operations and
could cause actual results to differ materially from those in the
forward-looking statements. These factors include, but are
not limited to, competition from existing and future competitors in
the highly competitive market in which we operate, failure to adapt
our business model to keep pace with rapid changes in the
recruiting and career services business, failure to maintain and
develop our reputation and brand recognition, failure to increase
or maintain the number of customers who purchase recruitment
packages, cyclicality or downturns in the economy or industries we
serve, the uncertainty surrounding the United Kingdom's future departure from the
European Union, including uncertainty in respect of the regulation
of data protection and data privacy, failure to attract qualified
professionals to our websites or grow the number of qualified
professionals who use our websites, failure to successfully
identify or integrate acquisitions, U.S. and foreign government
regulation of the Internet and taxation, our ability to borrow
funds under our revolving credit facility or refinance our
indebtedness and restrictions on our current and future operations
under such indebtedness. These factors and others are
discussed in more detail in the Company's filings with the
Securities and Exchange Commission, all of which are available on
the Investors page of our website at www.dhigroupinc.com, including
the Company's Annual Report on Form 10-K for the fiscal year ended
December 31, 2015, under the headings "Risk Factors,"
"Forward-Looking Statements" and "Management's Discussion and
Analysis of Financial Condition and Results of Operations."
You should keep in mind that any forward-looking statement made
by the Company or its representatives herein, or elsewhere, speaks
only as of the date on which it is made. New risks and
uncertainties come up from time to time, and it is impossible to
predict these events or how they may affect us. We have no
obligation to update any forward-looking statements after the date
hereof, except as required by applicable law.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/dhi-group-inc-retains-evercore-as-financial-advisor-for-previously-announced-review-of-strategic-alternatives-300367639.html
SOURCE DHI Group, Inc.