Hudson Highland Group Declares Two-for-One Stock Split
February 03 2005 - 6:30AM
PR Newswire (US)
Hudson Highland Group Declares Two-for-One Stock Split NEW YORK,
Feb. 3 /PRNewswire-FirstCall/ -- Hudson Highland Group, Inc.
(NASDAQ:HHGP), one of the world's leading providers of specialized
professional staffing, retained executive search and human capital
solutions, today announced that its Board of Directors declared a
two-for-one stock split of the company's common stock. The split
will be effected in the form of a 100 percent stock dividend
payable February 25, 2005 to stockholders of record as of February
14, 2005. "The Board's decision reflects confidence in Hudson
Highland Group's future and recognizes the long-term opportunities
which lie ahead for our company," said Jon Chait, chairman and
chief executive officer of Hudson Highland Group. "In addition, the
Board believes that the stock split will help broaden our base of
investors." The stock split will increase the number of shares of
the company's common stock outstanding to approximately 20,600,272
million shares from 10,300,136 million shares. Hudson Highland
Group Hudson Highland Group offers a full suite of specialized
professional staffing, retained executive search and human capital
solutions worldwide. The company employs approximately 3,800
professionals serving clients and candidates in more than 20
countries through its Hudson and Highland Partners businesses. More
information about Hudson Highland Group is available at
http://www.hhgroup.com/ . Safe Harbor Statement This press release
contains statements that the company believes to be
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. All statements other than
statements of historical fact included in this press release,
including statements regarding the company's future financial
condition, results of operations, business operations and business
prospects, are forward-looking statements. Words such as
"anticipate," "estimate," "expect," "project," "intend," "plan,"
"predict," "believe" and similar words, expressions and variations
of these words and expressions are intended to identify
forward-looking statements. All forward-looking statements are
subject to risks and uncertainties that could cause actual results
to differ materially from those described in the forward-looking
statements. These factors include, but are not limited to, the
impact of global economic fluctuations on temporary contracting
operations; the cyclical nature of the company's executive search
and mid-market professional staffing businesses; the company's
ability to manage its growth; risks associated with expansion; the
company's reliance on information systems and technology;
competition; fluctuations in operating results; risks relating to
foreign operations, including foreign currency fluctuations;
dependence on highly skilled professionals and key management
personnel; the impact of employees departing with existing
executive search clients; risks maintaining professional reputation
and brand name; restrictions imposed by blocking arrangements;
exposure to employment-related claims, and limits on insurance
coverage related thereto; government regulations; the company's
ability to successfully operate as an independent company and the
level of costs associated therewith; and restrictions on the
company's operating flexibility due to the terms of its credit
facility. Additional information concerning these and other factors
is contained in the company's filings with the Securities and
Exchange Commission. These forward-looking statements speak only as
of the date of this press release. The company assumes no
obligation, and expressly disclaims any obligation, to update any
forward-looking statements. DATASOURCE: Hudson Highland Group
CONTACT: Richard W. Pehlke of Hudson Highland Group,
+1-212-351-7285, or ; or John D. Lovallo of Ogilvy Public Relations
Worldwide, +1-212-880-5216, or , for Hudson Highland Group Web
site: http://www.hhgroup.com/
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