Heidrick & Struggles International, Inc. (ticker: HSII, exchange: NASDAQ) News Release - 1-Dec-2000
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Heidrick & Struggles Executives Outline Progress on Company Vision At Business Services Conference
CHICAGO, Dec. 1 /PRNewswire/ -- Executives from Heidrick & Struggles International, Inc. (Nasdaq: HSII), the world's largest and premier executive search firm, today gave a confident assessment of the company's strategy to become the global source for human capital management solutions. Recent developments include the expected acquisition of Hagberg Consulting Group, which was announced today, and the global expansion of the company's management appraisal service, Heidrick & Struggles Strategic Leadership Review.
"The executive recruitment industry has changed significantly over the past year and we feel that it will continue to undergo major changes in the next several years. In order to extend our industry leadership, we plan to be at the forefront of these changes. As we continue to transform ourselves to a global source for human capital management, our focus will remain on providing solutions to our clients," said Patrick S. Pittard, Chairman, President and Chief Executive Officer of Heidrick & Struggles International (HSI Group), speaking at the Goldman Sachs "Next Generation" Business Services Conference in New York.
James R. Quandt, President and Chief Executive Officer of LeadersOnline -- HSI Group's Internet-enhanced recruiting subsidiary for mid-level executives and professionals -- added, "In a short period of time, LeadersOnline has grown from a mere business concept to a successful business model. We expect to generate $20 million in revenue in 2000 and expect to more than double our revenue in 2001."
Copies of the presentation script and slides are available at http://www.heidrick.com through the Investor Relations "news and events" section.
A replay of the conference will be available via web cast at http://www.gs.com/ir/conf/c beginning December 4, 2000. To obtain the user name and password, call the HSI Group Investor Relations Department at 312-496-1366. The web cast will be available for two months.
About Heidrick & Struggles International, Inc. (HSI Group)
Heidrick & Struggles International, Inc. (HSI Group) is the world's largest and premier provider of executive-level search and consulting services. More than 1,000 Heidrick & Struggles professionals operate from offices in over 75 locations throughout North and South America, Europe, the Middle East, Africa and Asia Pacific. Our core business -- Heidrick & Struggles Executive Search -- has been an industry leader for nearly 50 years, specializing in chief executive, board member and senior level management assignments for a broad spectrum of clients: multi-national corporations, mid-cap and start-up companies, not-for-profit entities, educational institutions, foundations, associations and governmental units. We are expanding our range of complementary services to offer solutions to senior management teams for their human capital needs. LeadersOnline, our Internet- based recruiting business, serves clients who seek the next generation of corporate leaders. We are capitalizing on our access to the highest level of our clients' organizations through Heidrick & Struggles Ventures, our unit responsible for new businesses, alliances and investments. For more information about HSI Group, visit our web site at www.heidrick.com .
Safe Harbor Statement
Certain matters discussed in this news release are forward-looking statements that are necessarily dependent upon assumptions, estimates and data that may be incorrect or imprecise, and include known and unknown risks, uncertainties and other important factors that could cause the actual results to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Some of the risks, uncertainties, assumptions and factors that could affect the company's financial results are included in the company's recent SEC filings. Although the company believes that the exceptions reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations that will prove to have been correct. All forward-looking statements in this news release are expressly qualified by these cautionary statements, and the company expressly disclaims any duty to update such forward-looking statements. SOURCE Heidrick & Struggles International, Inc.
CONTACT: Media, Eric Sodorff, 312-496-1613, email, esodorff@heidrick.com, or Analysts, Barry Hollingsworth, 312-496-1723, email, bhollingsworth@heidrick.com, of Heidrick & Struggles International/