HHGP Hudson Highland Grp., Inc. (MM)

Hudson Highland Group Files Universal Shelf Registration NEW YORK, April 14 /PRNewswire-FirstCall/ -- Hudson Highland Group, Inc. (NASDAQ:HHGP), one of the world's leading executive search, professional staffing and human capital solution providers, today announced it has filed a universal shelf registration statement on Form S-3 with the Securities and Exchange Commission for the possible future offer and sale, from time-to-time, of up to an aggregate of $40 million of equity and/or debt securities. After the registration statement has become effective, and unless otherwise stated at the time of any future offering, Hudson Highland Group may use the net proceeds from any sale of securities pursuant to the registration statement for general corporate purposes. "This shelf registration will offer Hudson Highland Group additional flexibility in accessing the capital markets to support the continued growth of our business," said Richard W. Pehlke, executive vice president and chief financial officer of Hudson Highland Group. A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Written copies of the base prospectus and, when available, any prospectus supplements may be obtained by contacting Hudson Highland Group, Inc., 622 Third Avenue, New York, NY 10017, Attention: Secretary. Hudson Highland Group Hudson Highland Group is one of the world's leading professional staffing, retained executive search and human capital solution providers. We help our clients achieve greater organizational performance by assessing, recruiting and developing the best and brightest people for their businesses. Our approximately 3,800 employees in more than 20 countries are dedicated to providing unparalleled service and value to our clients. 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; 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, Inc. CONTACT: Richard W. Pehlke, Hudson Highland Group, +1-212-351-7285, ; or Christopher Atkins of Ogilvy Public Relations Worldwide, +1-212-880-5350, Web site: http://www.hhgroup.com/

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