HIRE Technologies Commences Trading on OTCQB Exchange

Rhea-AI Summary

HIRE Technologies Inc. has commenced trading on the OTCQB Venture Market under the symbol HIRRF, complementing its existing listing on the TSX Venture Exchange. This move, effective January 10, 2022, aims to enhance accessibility and liquidity for U.S. investors, opening doors to a USD $500+ billion staffing market. The company has also applied for DTC eligibility to streamline electronic settlement and clearing in the U.S. HIRE is focused on modernizing human resources solutions through a technology-first approach, positioning itself for growth in the industry.

Positive

• Listing on the OTCQB enhances accessibility and liquidity for U.S. investors.
• Positioning in a USD $500+ billion staffing market creates significant growth opportunities.
• Application for DTC eligibility will facilitate electronic settlement and clearing.

Negative

• None.

TORONTO, ON / ACCESSWIRE / January 10, 2022 / HIRE Technologies Inc. (TSXV:HIRE)(OTCQB:HIRRF) ("HIRE" or the "Company"), a company focused on modernizing and digitizing human resources solutions, is pleased to announce that effective today, the Company's common shares will commence trading on the OTCQB Venture Market under the symbol "HIRRF". HIRE's common shares will continue to trade on the TSX Venture Exchange under the symbol "HIRE".

"We are excited that HIRE has been listed on the OTCQB as this will allow us to reach more US investors," said Simon Dealy, HIRE's Chief Executive Officer. "Increasing accessibility and liquidity, especially in the US market, is another step towards achieving our investor relations objectives. We look forward to strengthening our relationships with US investors and highlighting the Company's growth opportunities in the massively fragmented and growing USD $500+ billion⁽¹⁾ staffing market."

The OTCQB Venture Market is designed for entrepreneurial and developing companies that are current in their reporting, have passed a bid test requirement and undergo an annual verification and management certification process. Investors can find Real-Time Level 2 quotes and market information for the Company on www.otcmarkets.com.

In addition, the Company has applied for eligibility to the Depository Trust Company (the "DTC"), a subsidiary of the Depository Trust & Clearing Corp., for electronic settlement and clearing of its common shares in the United States.

1. Source: Statista, The Staffing Industry Worldwide (Aug 2021)

About HIRE Technologies Inc.

HIRE is investing in and shaping the future of human resource management with a technology-first focus, by consolidating and modernizing the staffing marketplace. The Company owns and operates staffing firms as well as platform technology that it uses to help those firms become more technologically advanced. The Company is a disciplined capital allocator due to its technology DNA and extensive experience in building and growing staffing companies of all types. HIRE has a large recurring revenue base and helps clients manage change in the workplace in order to achieve success. For more information, visit hire.company.

Contacts

Simon Dealy, Chief Executive Officer
(647) 264-9196
sdealy@hire.company

Caroline Sawamoto, Investor Relations
(647) 556-4498
investors@hire.company

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Forward Looking Information

This news release contains "forward-looking statements" or "forward-looking information" (collectively referred to hereafter as "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements that address activities, events, or developments that HIRE expects or anticipates will, or may, occur in the future, including anticipated benefits from the Company's OTCQB listing, receipt of DTC eligibility approval, and HIRE's business prospects, future trends, plans and strategies, are forward-looking statements. In some cases, forward looking statements are preceded by, followed by, or include words such as "may", "will," "would", "could", "should", "believes", "estimates", "projects", "potential", "expects", "plans", "intends", "proposes", "anticipates", "targeted", "continues", "forecasts", "designed", "goal", "anticipate" or the negative of those words or other similar or comparable words.

Although the management of HIRE believes that the assumptions made and the expectations represented by such statements are reasonable, there can be no assurance that a forward-looking statement herein will prove to be accurate. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of HIRE to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. Risks and uncertainties applicable to the Company, as well as trends identified by the Company affecting it and the staffing industry can be found in the Company's Q3-2021 MD&A and its continuous disclosure record available on SEDAR. Such cautionary statements qualify all forward-looking statements made in this news release. HIRE undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law.

This press release does not constitute an offer to sell or solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to a U.S. Person unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

SOURCE: HIRE Technologies Inc.

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FAQ

What does HIRE Technologies Inc.'s OTCQB listing mean for investors?

The OTCQB listing allows HIRE Technologies Inc. to reach more U.S. investors, enhancing accessibility and liquidity.

What is the stock symbol for HIRE Technologies Inc. on the OTCQB?

The stock symbol for HIRE Technologies Inc. on the OTCQB is HIRRF.

When did HIRE Technologies Inc. begin trading on the OTCQB?

HIRE Technologies Inc. commenced trading on the OTCQB on January 10, 2022.

What is HIRE Technologies Inc.'s focus in the staffing industry?

HIRE Technologies Inc. focuses on modernizing and digitizing human resources solutions within the staffing industry.

What market is HIRE Technologies Inc. targeting with its services?

HIRE Technologies Inc. is targeting the USD $500+ billion staffing market.