Recruiter.com Enters into Strategic Partnership with Talent, Inc.

Partnership Provides Upfront Cash, Cost Reduction Synergies, and Significant Upside through a Revenue Sharing Agreement

NEW YORK, NY / ACCESSWIRE / December 6, 2022 / Recruiter.com Group, Inc. (NASDAQ:RCRT)(NASDAQ:RCRTW) ("Recruiter.com"), an on-demand recruiting platform, today announced a strategic partnership with Talent, Inc., a leading career services company that provides a job seeker platform, professional resume writing, and interview coaching.

"We are excited to deepen our relationship with Talent, Inc., a current long-term partner of Recruiter.com," said Evan Sohn, CEO of Recruiter.com. "This is the first step in a new partnership that helps drive significant value to our company and team. We expect this transaction to meaningfully reduce our development costs while maintaining our ability to leverage the candidate sourcing platform. In addition, our revenue-sharing agreement will help further monetize our career communities and give us preferred terms for the resale of Talent, Inc.'s career services."

Elements of the strategic partnership include:

• The sale of certain intellectual property of Recruiter.com's passive candidate sourcing software platform to Talent, Inc. on undisclosed terms.
• A revenue-sharing agreement that gives Recruiter.com a revenue share for the promotion and reselling of career services.
• A planned ongoing services agreement granting continued access to the candidate sourcing platform to Recruiter.com for 18 months.

"By joining forces with Recruiter.com, we are helping to build our talent network by enabling outreach via sophisticated AI technology," said Byron Matthews, CEO of Talent, Inc. "We are excited to build a strategic relationship with Recruiter.com, developing new revenue opportunities and co-marketing our complimentary career and recruiting products and services."

Through the Talent, Inc. brands, including TopResume, TopCV, TopInterview, and ResumeRabbit, candidates are given award-winning tools and services to help them improve their careers, including resume creation, review, interview preparation, and more.

"Recruiters are tasked with helping candidates improve their professional lives by aligning their skills with client demand," continued Sohn. "Our growing network of on-demand recruiters will benefit from our partnership, and we look forward to building upon the relationship between Talent, Inc. and Recruiter.com."

About Talent Inc.

Talent Inc. was founded in 2014 with the mission to help job seekers navigate career changes and differentiate themselves in a competitive job market. Through its suite of brands, Talent provides professional resume writing, professional CV writing and interview preparation coaching. For more information, please visit https://www.talentinc.com. Talent Inc is backed by BV Investment Partners, a middle-market private equity firm focused on the tech-enabled business services, software and IT services sectors recently named to Inc.'s 2022 List of Founder-Friendly Investors.