HireQuest, Inc. Announces Launch of DriverQuest
HireQuest, Inc. (Nasdaq: HQI) has launched a new franchise offering called DriverQuest, targeting the transportation and logistics sectors. This service aims to supply staffing for both long-haul and last-mile driving positions. Over 35 existing franchisees have already adopted DriverQuest, showcasing significant initial interest. The company anticipates continued growth due to increasing demand for drivers and plans to leverage its existing franchise network and customer relationships. Additionally, HireQuest remains focused on pursuing internal growth and potential mergers and acquisitions.
- Launch of DriverQuest expands service offerings in transportation and logistics.
- Initial adoption by over 35 franchisees indicates strong interest and potential demand.
- Growing market demand for long-haul and last-mile drivers supports future growth.
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HireQuest, Inc. (Nasdaq: HQI), a national franchisor of on-demand, temporary, and commercial staffing services, today announced that it has launched DriverQuest, a new franchise offering providing staffing services to the transportation and logistics industries. DriverQuest will focus on staffing drivers for both long-haul and the high-growth last-mile segments of the market.
“We are excited to announce the launch of DriverQuest,” commented Rick Hermanns, HireQuest’s President and Chief Executive Officer. “In just a short time over 35 existing franchisees have adopted the offering, and we are looking forward to continuing that momentum. The demand for long-haul and last-mile drivers continues to grow and we believe our existing franchise footprint and customer relationships provide a great platform for the future of DriverQuest.”
“DriverQuest is a natural extension to our existing on-demand and commercial offerings and provides another avenue of growth for new and existing franchisees. HireQuest is committed to pursuing new opportunities through internal development as well as M&A.”
About HireQuest
HireQuest, Inc. is a nationwide franchisor that provides on-demand labor and commercial staffing solutions in the light industrial, blue-collar, and commercial segments of the staffing industry for HireQuest Direct, HireQuest, Snelling, and LINK franchised offices across the United States. Through its national network of over 200 franchisee-owned offices in more than 35 states and the District of Columbia, HireQuest provides employment for approximately 60,000 individuals annually that work for thousands of customers in numerous industries including construction, light industrial, manufacturing, hospitality, clerical, medical, travel, and event services. For more information, visit www.hirequest.com.
Important Cautions Regarding Forward-Looking Statements
This news release includes, and the company’s officers and other representatives may sometimes make or provide certain estimates and other forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act, and Section 21E of the Exchange Act, including, among others, statements with respect to future economic conditions, future revenue or sales and the growth thereof; operating results; or anticipated benefits of new franchised offerings. Forward-looking statements can be identified by words such as: “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will,” and similar references to future periods.
While the company believes these statements are accurate, forward-looking statements are not historical facts and are inherently uncertain. They are based only on the company’s current beliefs, expectations, and assumptions regarding the future of its business, future plans and strategies, projections, anticipated events and trends, the economy, and other future conditions. The company cannot assure you that these expectations will occur, and its actual results may be significantly different. Therefore, you should not place undue reliance on these forward-looking statements. Important factors that may cause actual results to differ materially from those contemplated in any forward-looking statements made by the company include the following: the level of demand and financial performance of the temporary staffing industry; the financial performance of the company’s franchisees; changes in customer demand; the effects of any global pandemic including the impact of COVID-19; the relative success or failure of acquisitions and new franchised offerings; the extent to which the company is successful in gaining new long-term relationships with customers or retaining existing ones, and the level of service failures that could lead customers to use competitors’ services; significant investigative or legal proceedings including, without limitation, those brought about by the existing regulatory environment or changes in the regulations governing the temporary staffing industry and those arising from the action or inaction of the company’s franchisees and temporary employees; strategic actions, including acquisitions and dispositions and the company’s success in integrating acquired businesses including, without limitation, successful integration following the acquisitions of Snelling and LINK; disruptions to the company’s technology network including computer systems and software; natural events such as severe weather, fires, floods, and earthquakes, or man-made or other disruptions of the company’s operating systems; and the factors discussed in the “Risk Factors” section and elsewhere in the company’s most recent Annual Report on Form 10-K.
Any forward-looking statement made by the company or its management in this news release is based only on information currently available to the company and speaks only as of the date on which it is made. The company and its management disclaim any obligation to update or revise any forward-looking statement, whether written or oral, that may be made from time to time, based on the occurrence of future events, the receipt of new information, or otherwise, except as required by law.
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