Media Contact,
Mr. Cliff Wang
Vice President, Global Marketing
Career International Inc.
Room 1301, China Life Tower, No.16 Chaoyangmenwai Street
Telephone: 8610-59271258?
Investors Relation Contact
Mr.David Yuan
Partner
Career International Inc.
Room 1301, China Life Tower, No.16 Chaoyangmenwai Street
Telephone: 8610-59271368 |
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| Investor Relationship |
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On 21 May, 2008, a press conference entitled “for the future, fulfill the dream” was held in Beijing, Career International, as one of the leading domestic recruitment consultant firms in China, declared jointly with Matrix Partners, an international top venture company, that Matrix Partners China will inject capital in Career International to assist the latter in further expanding its business. This was the first successful case for a domestic recruiting management and consultant company to introduce foreign venture capitals, which had a significant influence on the development of industry.
“As one of the best and innovative recruitment consultant firms, Career International has not only excellent performance but also unique business models and innovative strategic business, which may break through the limitation of traditional recruitment consultant company and pave the way for business expansion for the company in the future. More importantly, it has a powerful management and service team. These are the reasons why we go for Career international,” Harry Man, a partner of Matrix Partners China said, “Certainly, the booming China economy, large demand for talents for senior and middle positions, as well as a relative shortage of talents are making a great market for recruitment service, therefore we believe the future of China recruitment is bright, which is the premise of recruiting in China favored by us.” Gao Yong, President of Career International, said, “As the rapid integration of global economy, China has already become part of the world. And this will greatly promote the development of Business Process Outsourcing. As one of the branches of RPO, following the Europe and America, RPO will become an inevitable choice for the multinational corporations located in China as well as Chinese enterprises going to world, to obtain medium and senior professional human resources, and reduce recruitment cost and to increase efficiency
With the capital injected by Matrix Partners China, Career International will develop their strategic RPO business comprehensively and accelerate the development of business in permanent employee recruitment, temporary employee recruitment and third party employee recruitment at the same time. Career International will also strengthen its efficiency in optimizing the management, building team and making the company bigger and stronger. Meanwhile, preparations for Career International’s going public will be initiated. |
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| About Matrix Partners |
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| Since its inception in 1977, Matrix Partners has been dedicated to helping outstanding entrepreneurs build industry-leading technology companies. With offices in the two major technology centers—Boston and Silicon Valley— Matrix has developed an exceptionally strong network of contacts and entrepreneurial know-how. Companies that have gone public out of the Matrix portfolio, where Matrix played a founding role, have generated well over $100 billion of market value. These include Veritas (Nasdaq:VRTS), Tivoli (acquired by IBM), ArrowPoint Communications (acquired by Cisco), Alteon Web Systems (acquired by Nortel), Phone.com (Nasdaq HCM), SilverStream Software (acquired by Novell), Sonus Networks (Nasdaq ONS) and Sycamore Networks (Nasdaq CMR). Matrix has enjoyed one of the highest rates of return in the industry over the past 20 years. |
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Investor Relations Contact:
Mr.David Yuan
Partner
Career International Inc.
Room 1301, China Life Tower, No.16 Chaoyangmenwai Street
Telephone: 8610-59271368 |
Contacts for Journalists:
Mr. Cliff Wang
Vice President, Global Marketing
Career International Inc.
Room 1301, China Life Tower, No.16 Chaoyangmenwai Street
Telephone: 8610-59271258 |
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