HHGP Hudson Highland Grp., Inc. (MM)

NEW YORK, Feb. 7 /PRNewswire-FirstCall/ -- Hudson Highland Group, Inc. (NASDAQ:HHGP) today announced that Thomas B. Moran has resigned as president of Hudson North America. Moran, who joined the company in September 2002, has agreed to assist during a transition period while the company's Chief Executive Officer Jon Chait assumes his duties on an interim basis until a successor is named. "I want to personally thank Tom for his many contributions," said Chait. "From restructuring post-spin to returning the business to profitability to strategically building the top line, he made a big difference. I can appreciate his interest to seek new challenges at this stage of his career, and wish him all of the best in his future endeavors." About Hudson Highland Group Hudson Highland Group, Inc. is a leading provider of permanent recruitment, contract professionals and talent management services worldwide. From single placements to total outsourced solutions, Hudson helps clients achieve greater organizational performance by assessing, recruiting, developing and engaging the best and brightest people for their businesses. The company employs more than 3,600 professionals serving clients and candidates in more than 20 countries. More information 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 those under the caption "Guidance" and other 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 mid-market professional staffing businesses; the company's ability to manage its growth; risks associated with expansion; risks and financial impact associated with disposition of non-strategic assets; 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; 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; restrictions on the company's operating flexibility due to the terms of its credit facility; risks associated with the remediation work being performed on the company's PeopleSoft system; and the company's ability to maintain effective internal control over financial reporting. 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 review or confirm analysts' expectations or estimates or to update any forward-looking statements, whether as a result of new information, future events or otherwise. DATASOURCE: Hudson Highland Group, Inc. CONTACT: Investors: David F. Kirby, Hudson Highland Group, +1-212-351- 7216, ; Media: Sarah Kafenstok, Hudson, +1-312-795- 4202, Web site: http://www.hhgroup.com/

Copyright