Red F Completes Acquisition of 123hire.com

Red F Completes Acquisition of 123hire.com

Charlotte, NC; November 12, 2001 — red f, a direct marketing company located in Charlotte, NC, has acquired 123hire.com, an Internet-based, outsourced human resources firm also in Charlotte. 123hire.com’s Web site includes job openings, promotion postings and screening devices such as background checks, behavior-based and skills-based assessments and medical questionnaires. 123hire.com targets Fortune 1000 clients and has offices in Raleigh, NC, Jacksonville, FL, and Norfolk, VA, with additional expansion plans for Chicago, IL. 123hire.com will operate as a subsidiary of red f.

About 123hire.com
123hire.com was started in 1999 and is led by Brian Parsley and Todd Stancombe. “This wasn’t a deal done out of desperation,” Parsley says. “It was a deal done out of inspiration to take this company forward.” He feels red f’s marketing savvy will help 123hire.com promote its collection of local Web sites with hiring tools for employers. Both companies target a similar client base.

About Red F
red f is a direct marketing firm that uses integrated, intelligent online and offline marketing platforms to build brand name, strengthen the product and drive results.

About DecisionPoint International
DecisionPoint is a global leader in M&A advisory services for middle-market technology companies in the services, software, and communication sectors. For additional information on DecisionPoint, visit www.DecisionPointInt.com.

For further information, contact:
DecisionPoint International: Doug Ellis, Managing Partner; (704) 248-1122; DEllis@DecisionPointInt.com