Professional Diversity Network Discusses Recent Developments in its Core Businesses
March 21 2017 - 8:00AM
Professional Diversity Network, Inc. (“PDN” or “the Company”)
(NASDAQ:IPDN) today discussed several recent developments related
to its core businesses of technology, careers and networking.
HIGHLIGHTS:
- PDN enters technology partnership with Diverst, a leader in
enterprise Diversity and Inclusion technology
- PDN Careers division registers 76 employers and over 3,300 job
seekers
- NAPW women’s networking division hosting major PNE events with
broad media support
On March 20, 2017, the Company announced a partnership with
Diverst. The partnership is designed to permit the Company to
market and sell the Diverst suite of Diversity & Inclusion
(“D&I”) technology tools. The partnership leverages PDN’s
marketing contacts and permits it to create and sell to its
customers a white-label product that includes Diverst’s ManageERGTM
tool for ERG management and reporting, its EngageTM tool for
uniting diversity silos to achieve a stated business objective, its
IncludeTM tool which provides surveys, scorecards and analysis, and
its PlanTM tool which streamlines D&I planning, budgeting and
tasking.
Star Jones, the Company’s President, noted that “PDN is a
premier solution for employers who seek to recruit and hire diverse
candidates. Our new partnership with Diverst makes us
uniquely positioned to provide qualified diverse candidate slates
and best-in-class solutions to help D&I practitioners manage
and develop that talent once hired.” “This partnership is one
of strengths, bringing together the top diverse recruiting social
network with the leader in enterprise D&I technology,”
confirmed Andre Laurin, CEO of Diverst.
The Company also discussed the status of its PDN Careers
division career fairs and its NAPW women’s networking division
Power Networking Events (“PNEs”).
Its Careers division hosted a series of career fairs from
January to present, hosting events that drew 76 employers,
including numerous global employers, and registered over 3,300 job
seekers. Notably, PDN Careers division hosted its BDPA
Connect virtual job fair – its first virtual fair directed at STEM
professionals – and drew 1,066 registered job seekers.
“We are pleased that leading employers that we work with are
investing in our comprehensive and coordinated diversity
recruitment outreach efforts, including In Person and Web Based
Virtual Career Fairs, Enterprise Diversity Recruitment Campaigns
and our PDN Quick, Cost per Applicant services. Our US based
operations remain keenly focused on providing access to the
American Dream to our diverse audience including Veterans,
Individuals with Disabilities, Women and People of Color,” said Jim
Kirsch, the Company’s Executive Co-Chairman.
On the NAPW women’s networking side, the Company began its
Spring series with a March 2, 2017 event in Philadelphia and with
PNE’s scheduled in March and April for South Florida (March 21),
Washington, DC (April 2), and San Francisco (April 15). All
of the NAPW division PNE’s are supported by network affiliate
broadcast television, radio and digital media outlets.
Ms. Jones explained that “the theme of our NAPW Power Networking
Events is all about confidence building. Our PNEs are
intentionally designed to help women live and work their passions
and motivate them to move forward toward success. These
events are for current and aspiring business professionals.
Our keynote speakers include founders and CEOs of fast-growing
companies as well as icons in the business community.
Activities during our events include motivational continuing
education breakout sessions, open networking and creating and
refining the perfect elevator pitch.”
About Diverst (www.diverst.com)
Diverst is the leader in Enterprise Diversity and Inclusion
(D&I) technology. Diverst’s platform helps organizations
increase traction, drive innovation and generate measurable ROI
from their diversity initiatives. Our SaaS provides solutions to
organizations that have hired diverse talent and are now looking to
move to the next steps – inclusion, culture building and business
impact. The Diverst suite of products helps foster authenticity and
drive engagement; enabling organizations to manage, grow and track
the progress of their D&I program – to fully deliver on the
promise of diversity and inclusion to the organization and its
users alike. Diverst is trusted by F500 organizations as well as
some of the world’s top tech companies to empower their talent and
connect D&I with ROI.
About Professional Diversity Network
(www.prodivnet.com)
Professional Diversity Network, Inc. (PDN) is an Internet
software and services company that develops and operates online
professional networking communities dedicated to serving diverse
professionals in the United States and employers seeking to hire
diverse talent. Our subsidiary, National Association of
Professional Women (NAPW), is a networking organization of
professional women spanning more than 200 industries and
professions. Through an online platform and our relationship
recruitment affinity groups, we provide our employer clients a
means to identify and acquire diverse talent and assist them with
their efforts to comply with the Equal Employment Opportunity
Office of Federal Contract Compliance Program.
Notice Regarding Forward-Looking Statements
This press release contains certain forward-looking statements,
including statements related to our business and strategies.
Any such statements may be influenced by a variety of factors, some
of which are beyond PDN’s control, that could cause actual outcomes
and results to be materially different from those projected,
described, stated or implied in such forward-looking statements due
to a number of risks and uncertainties. Factors that could
contribute to such differences include, but are not limited to,
potential insufficiency of the proceeds from the share issuances to
implement our productivity improvement initiatives, our potential
failure to realize synergies and other benefits from the
transaction with Cosmic Forward Limited and the risk factors
disclosed in our Annual Report on Form 10-K filed on March 30,
2016, as amended and any subsequent filings made by us with the
SEC. We assume no obligation to update the information
included in this press release, whether as a result of new
information, future events or otherwise. The Form 10-K filed on
March 30, 2016, as amended, together with this press release, are
available on our website, www.prodivnet.com. Please click on
“Investor Relations.”
CONTACT:
Chris Wesser, EVP & Secretary
(516) 659-8560
cwesser@prodivnet.com
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