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Release Date: May 2, 2001

HIRESTRATEGY CLOSES $1.15 MILLION FINANCING

Reston, VA, May 2, 2001

HireStrategy, an executive recruiting firm, announced today that it has closed a $1.15 million round of financing with Prime Assets, LLC, the private equity partner of The McLean Group, LLC, an investment banking firm.

"This investment will help HireStrategy achieve its goal of becoming a marketplace leader in the executive recruiting industry, while sustaining profitable operations and continuing to build value for our customers, shareholders and employees," according to Paul Villella, HireStrategy's President and CEO.

"This investment will also enable us to continue development of our proprietary software product, the HireGuide, which facilitates the entire recruitment management process for our employees. We expect to license the HireGuide for release to the market by early 2002," according to Villella.

HireStrategy's investment partnership with Prime Assets and The McLean Group is very important to us, according to Villella. "Prime Assets has many years of building successful businesses and profitable exit strategies for services firms in the technology industry. The McLean Group has marketplace depth and a strong reputation among middle market companies throughout the region. The principals of both organizations, coupled with their strong presence in the business community, will be a valuable resource for HireStrategy in the years to come."

Braun Jones, III, a Principal at Prime Assets and The McLean Group said, "We are excited about the prospects of HireStrategy. Mr. Villella and his partners have assembled a solid team with vast industry experience. We have been impressed with their ability to execute a rapid growth plan while maintaining profitability in a tough economic environment. Best of all, the referrals we have sent them have achieved results and report back a very positive experience."

About HireStrategy

HireStrategy is a Reston, Virginia-based executive recruiting firm that supports Technology, Sales and Finance & Accounting businesses and professionals. The company was formed in January 2000. Its integrated staffing solutions focus on professionals at both the leadership and individual contributor level. HireStrategy's experienced recruiting teams are comprised of experts from the fields in which it specializes, including CPAs, MBAs, "Big Five" management consultants, technology sales executives and software engineers. HireStrategy's unique approach combines traditional recruiting methods with a Web-based solution that attracts and retains relationships with high-quality candidates.

About Prime Assets

Prime Assets an affiliate of The McLean Group LLC, is a merchant banking and private equity investment firm which invests in and provides advisory services to emerging growth technology companies in the Mid-Atlantic region. Prime Assets, founded in 1990, works closely with The McLean Group in providing investment capital and bridge financing to clients.

About the McLean Group, LLC

The McLean Group, LLC is a McLean, Virginia-based, privately-owned investment bank providing merging and acquisition, capital formation, capital finance, business valuation and litigation support services to middle-market businesses. Although the firm represents clients nationwide and around the world, most of its clients are based in the mid-Atlantic region and generate from $5 million to $200 million in annual revenues. The firm has developed particular expertise in technology; telecommunications; government contracting; business and professional services; residential and commercial mortgage banking; facilities management, and education. The firm is a Member SIPC and Member NASD.

For further Information:

Paul Villella
HireStrategy
(703) 251-4410
Wm. Braun Jones III
The McLean Group, LLC
(703) 827-0200 x104
Braun Jones, Jr.
Prime Assets, LLC
(703) 506-9100
 

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Reston, VA
11730 Plaza America Drive
Suite 340
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1121 14th St., NW
Suite 600
Washington, DC 20005
202.527.7800
202.527.7840 fax
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info@HireStrategy


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