Recruiter.com Group, Inc. - RCRT STOCK NEWS

Recruiter.com Group (OTCQB:RCRT) announced that an exclusive interview with CEO Evan Sohn will air on The RedChip Money Report on Bloomberg Network on April 24, 2021, at 7 p.m. local time, reaching 73 million homes. Sohn will discuss the company’s AI-driven job matching platform, recent acquisitions, and upcoming milestones. The interview emphasizes Recruiter.com's commitment to enhancing recruiting technology for businesses. Viewers can access the segment on YouTube. The company leverages AI and video technology with a large recruiter network to provide flexible hiring solutions.

Recruiter.com Group, Inc. (OTCQB:RCRT) has partnered with WeWork to enhance hiring services for early and growth-stage organizations. The Recruiter.com Flex membership will offer on-demand hiring solutions to WeWork's members, providing access to AI-matched candidates at a cost-effective rate. In return, Recruiter.com customers gain access to WeWork's global workspace through the WeWork All Access program. This partnership aims to support small businesses by streamlining the hiring process and providing flexible workspaces, aligning with both firms' goals to foster entrepreneurship.

Recruiter.com Group (OTCQB:RCRT) has acquired Upsider.ai, an AI-driven candidate sourcing platform, enhancing its recruiting technology portfolio. This acquisition, finalized on March 26, 2021, allows Recruiter.com to streamline the hiring process using machine learning to identify qualified candidates more efficiently. Upsider.ai's technology is expected to reduce costs and time-to-hire, expanding Recruiter.com's service capabilities. Upsider.ai’s co-founders join Recruiter.com’s leadership team, further strengthening its expertise in the recruitment industry.

Recruiter.com Group (OTCQB:RCRT) will present its Recruiter Index® for March 2021 on CNBC's 'The Exchange' on April 1 at 1 p.m. ET. The Recruiter Index®, derived from over 27,750 independent recruiters, has a proven track record in predicting Labor Department job reports by gauging recruiter sentiment. CEO Evan Sohn highlights the insights gained through the growing network, which contributes to understanding areas of economic growth. Recruiter.com is innovating the $120 billion recruiting industry with its AI and video hiring platform, enabling businesses to recruit talent more efficiently.

Recruiter.com Group, Inc. (OTCQB: RCRT) has announced the appointment of Robert Heath, EVP of RPX Corporation, and Steve Pemberton, CHRO of Workhuman, as independent directors. The company aims to leverage their extensive experience for strategic expansion and enhanced workplace culture. This follows the recent appointment of Deborah Leff, former IBM AI leader. Recruiter.com is focusing on uplisting to NASDAQ and pursuing strategic acquisitions to strengthen its position in the recruiting market.

Recruiter.com Group (OTCQB: RCRT) has announced a partnership with QuickFee, integrating its online payment solutions into the Recruiter.com Marketplace. This collaboration aims to provide independent recruiters with flexible and interest-free payment options, addressing cash flow challenges as the economy recovers. CEO Evan Sohn emphasized the importance of accessible financing for recruiters to scale operations. QuickFee enhances the recruiter community's ability to serve clients efficiently, reducing billing issues and allowing recruiters to be paid upfront while offering favorable payment terms.

Recruiter.com Group (OTCQB: RCRT) recently shared its insights on how video technology is reshaping the recruiting landscape during a presentation to Proactive Investors. With a large workforce and high turnover rates, companies face the challenge of sifting through approximately 8.5 billion resumes annually. CEO Evan Sohn emphasized that video tools can streamline the hiring process by enhancing speed and accuracy. As remote work becomes more common, Recruiter.com's Video platform aims to implement video interviews earlier in recruitment, improving efficiency and reducing costs for employers.

Recruiter.com Group (OTCQB: RCRT) announced a partnership with National Retail Solutions to promote its Recruit Me video hiring campaign across 14,000 retail screens, reaching over 48 million monthly visitors. This collaboration aims to enhance the hiring process by showcasing candidates beyond traditional resumes, focusing on cultural fit and transferable skills. NRS will utilize its advertising network to assist job seekers, aiming to connect them with potential employers during challenging economic times.

Recruiter.com Group reported a remarkable 41.6% revenue growth for 2020, reaching $8.5 million with a run rate exceeding $10 million. The fourth quarter demonstrated a growth of 22.3%. The company attributed this performance to its on-demand recruiting technology and AI innovations. Key achievements included surpassing 27,750 recruiters and launching a new SaaS video solution. Looking ahead, the company targets a $40 million run rate and plans to achieve cash flow profitability while pursuing acquisitions to bolster its market position.