HHGP Hudson Highland Grp., Inc. (MM)

Hudson Bolsters Accounting & Finance Project Management Capabilities Hudson Acquires JMT Financial Partners to Enhance Specialized Solutions Offering NEW YORK, June 2 /PRNewswire-FirstCall/ -- Hudson, one of the world's leading professional staffing, outsourcing and employment lifecycle solution providers, and a division of Hudson Highland Group, Inc. (NASDAQ:HHGP), today announced the acquisition of JMT Financial Partners (JMT), a financial project management firm specializing in solutions for complex accounting and finance issues. The acquisition enhances Hudson's consulting capabilities in key areas of corporate finance and accounting such as compliance, internal audit, financial systems, process improvement and taxation. "Hudson is firmly committed to the continued strategic growth of our accounting and finance practice in North America," said Thomas B. Moran, President of Hudson Global Resources, North America. "The addition of this highly talented team further strengthens Hudson's market position and unique ability to provide the strategic framework, skilled resources and tactical execution to address critical accounting and finance projects for our clients." "We are thrilled to be joining the Hudson team," said Mark Waterloo, a JMT principal. "Their geographic reach, capability breadth and market approach nicely complement our expertise and philosophy, and will provide further value to our clients and consultant teams." With operations in Minneapolis and Denver, JMT's core expertise lies in project management to support client initiatives surrounding mergers and acquisitions, Sarbanes-Oxley compliance and financial reporting requirements. Specific terms of the deal were not disclosed. Hudson acquired all of the outstanding equity interests of JMT in exchange for shares of Hudson Highland Group stock issued pursuant to its recent acquisition shelf registration statement filing with the SEC. The addition of JMT is expected to positively impact the company's financial results for the balance of the year. Hudson Hudson delivers specialized professional staffing, outsourcing, and employment lifecycle solutions worldwide. From single placements to total solutions, the firm helps clients achieve greater organizational performance by assessing, recruiting, developing and engaging the best and brightest people for their businesses. Hudson is a division of Hudson Highland Group, Inc. one of the world's leading professional staffing, retained executive search and employment lifecycle solution providers. The company employs more than 3,600 professionals serving clients and candidates in more than 20 countries through its Hudson and Highland Partners businesses. More information is available at http://www.hudson.com/ . Special Note: Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the statements made in this release constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve certain risks and uncertainties, including statements regarding the company's strategic direction, prospects and future results. Certain factors, including factors outside of our control, may cause actual results to differ materially from those contained in the forward- looking statements, including economic and other conditions in the markets in which we operate, risks associated with acquisitions, competition, seasonality and the other risks discussed in our Form 10-K and our other filings made with the Securities and Exchange Commission, which discussions are incorporated in this release by reference. DATASOURCE: Hudson CONTACT: Investors - Richard W. Pehlke, Hudson Highland Group, Inc., +1-312-795-4228, ; or Media - Jennifer Bernhart, Hudson, +1-813-890-7379, ; or Anshula Ahluwalia, Ogilvy Public Relations, +1-312-397-6074, , for Hudson Web site: http://www.hudson.com/

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