WANTED Technologies Posts Record Revenue in Q3

Revenue for the leading source of insight and analysis on hiring demand grew
23 percent over the prior year

- Record quarterly revenues of $1,641,587 compared to $1,334,141 in prior
year, an increase of 23%

- EBITDA of $226,984, compared to $124,184 for third quarter of prior year, an
increase of 83%

- Net earnings of $90,086, compared to $7,281 for the third quarter of prior
year

- Cash flows from operating activities of $168,884 for the third quarter and
$1,186,721 for the nine-month period ended March 31, 2009

- Increase of 113%, to 2,507, in the installed base of business professionals
using WANTED Analytics(TM) during the third quarter of fiscal 2009, compared
to the third quarter of fiscal 2008

- Launch of Hiring Demand Indicators a content-rich service providing daily
updates, insight and analysis of hiring demand in the marketplace

QUEBEC CITY, May 19 /PRNewswire-FirstCall/ -- WANTED Technologies (TSX-V:
WAN), the leading source of insight and analysis based on hiring demand,
reported today record revenue for the third quarter of fiscal 2009 ended March
31, 2009. The company generated revenues of $1,641,587, up 23% over revenue of
$1,334,141 for the third quarter of fiscal 2008. All amounts are in Canadian
dollars, unless otherwise indicated.

(Logo: http://www.newscom.com/cgi-bin/prnh/20090519/LA18992LOGO)

"The overall economic environment, which deteriorated rapidly late in 2008,
remained challenging for the majority of our clients in early in 2009," said
Bruce Murray, WANTED's President and CEO. "The sales productivity solutions we
offer are designed to enable clients to maximize revenues, even in a difficult
economy, and that has helped fuel our ongoing growth."

"In this most recent quarter, we continued to invest in product development
and in our sales organization to diversity our client base," said Murray.
"This investment, which began in 2008, has already begun to demonstrate
positive results."

Revenues for the third quarter ended March 31, 2009 were $1,641,587,
representing an increase of $307,446 or 23% over $1,334,141 posted for the
corresponding quarter of the previous year. For the nine-month period ended
March 31, 2009, revenue totalled $4,662,767, compared to $4,210,787 for the
same period in the previous fiscal year, an increase of $451,980, or 11%.

WANTED's business model is largely focused on building its recurring revenue
base through annual subscriptions to its leading employment market
intelligence platform, Analytics(TM) 2.0. Approximately 89% of total revenue
for the third quarter of fiscal 2009 came from recurring revenue contracts,
compared to 90% for the corresponding quarter of prior year.

All major Media clients of WANTED with subscriptions expiring in the third
quarter renewed or extended their agreements, although some of them at lower
spending levels than prior years. Considering the actual market conditions,
these renewals confirm the value proposition of WANTED solutions and reflect
the positive reaction from the market to the Company's newly-released online
employment platform, Analytics(TM) 2.0.

However, lower spending levels from some of these major clients, combined with
a reduction in demand from smaller clients affected by the current economic
crisis contributed to a 14% decrease in the recurring revenue base at the end
of the third quarter of fiscal 2009, when compared to the second quarter of
fiscal 2009. The recurring revenue base at the end of the third quarter of
fiscal 2009 stood at 5.4 million. WANTED finished the third quarter of prior
fiscal year with a recurring revenue base of 5.0 million.

Operating costs increased from $1,133,863 in the third quarter of fiscal 2008
to $1,480,863 for the third quarter of fiscal 2009, an increase of $347,000 or
31%. For the first nine months of fiscal 2009, operating costs totalled
$4,178,376, compared to $3,625,826 for the first nine months of the previous
fiscal year, an increase of $552,550 or 15%. These increases are directly
attributable to investments in hiring additional resources in both sales and
product marketing to support the release of Analytics(TM) 2.0 and to intensify
the diversification strategy in the new market segments of Staffing, Financial
Services and Government.

EBITDA for the third quarter of fiscal 2009 was $226,984 compared with
$124,184 for the third quarter of fiscal 2008, an increase of $102,800, or
83%. For the first nine months of fiscal 2009, EBITDA totalled $893,266,
compared to $574,615 for the first nine months of the previous fiscal year, an
increase of $318,651 or 55%. EBITDA represents the net earnings before net
financial expense, income taxes, depreciation and amortization on property,
plant and equipment and intangible assets. As generally accepted accounting
principles in Canada do not provide a standardized definition for this
measure, it may not be comparable to similar measures used by other companies.

Net earnings for the quarter ended March 31, 2009 amounted to $90,086 ($0.004
per share) compared to $7,281 ($0.0003 per share) for the corresponding
quarter of the previous year, an increase of $82,805. For the first nine
months of fiscal 2009, net earnings reached $428,434, compared to $227,620 for
the first nine months of the previous fiscal year, an increase of $200,814 or
88%.

Three-month periods Nine-month periods
ended March 31 ended March 31
---------------------- ----------------------
2009 2008 2009 2008
(unaudited) (unaudited) (unaudited) (unaudited)
---------- ---------- ---------- ----------
$ $ $ $
Revenues 1,641,587 1,334,141 4,662,767 4,210,787
Cost of goods
sold 47,345 9,222 84,537 133,039
---------- ---------- ---------- ----------
Margin 1,594,242 1,324,919 4,578,230 4,077,748

Expenses
Research and
development,
net of tax
credits 411,886 380,736 1,139,672 1,215,656
Marketing and
selling 617,947 358,352 1,789,841 1,094,875
General and
administrative 382,253 331,564 1,056,436 1,112,849
Amortization
of intangible
assets 52,311 52,311 156,934 156,934
Financial
expenses, net
amount 16,466 10,900 35,493 45,512
---------- ---------- ---------- ----------
1,480,863 1,133,863 4,178,376 3,625,826
---------- ---------- ---------- ----------
Earnings before
other revenue
(expenses) 113,379 191,056 399,854 451,922
Other revenue
(expenses):
Exchange gain
(loss) 573 39,225 171,690 (3,364)
Gains on
disposal of
property ,
plant and
equipment 125 2,000 175 4,062
Severance
premium (225,000) (225,000)
---------- ---------- ---------- ----------
Earnings before
income taxes 114,077 7,281 571,719 227,620
Income taxes 23,991 143,285
---------- ---------- ---------- ----------
Net earnings and
Comprensive
Income 90,086 7,281 428,434 227,620
========== ========== ========== ==========

Basic and
diluted net
earnings per
share 0.004 0.0003 0.018 0.009

Cash flows generated from operating activities were $168,884 for the third
quarter of fiscal 2009 compared to $252,746 in the corresponding quarter of
previous year, a decrease of $83,862. For the first nine months of fiscal
2009, cash flows from operating activities reached $1,186,721, compared to
$220,141 in the corresponding period of previous year, a positive variation of
$966,580. This significant increase mostly results from a positive variance of
$887,459 in the changes in the working capital items mostly resulting from
collection of significant accounts receivable over the nine-month period ended
March 31, 2009 compared to significant customer payments being delayed as of
March 31, 2008.

Financial position
As at December 31, 2008, WANTED had working capital of $2,105,116 compared to
$1,604,785 at June 30, 2008, an increase of $500,331. Cash and short-term
investments stood at $2,128,225 at March 31, 2009 compared to $1,265,871 at
June 30, 2008, a significant increase of $862,354 mostly resulting from cash
flows generated by the operating activities.

Total assets stood at $6,218,999 at March 31, 2009, up $413,778 from
$5,805,221 at June 30, 2008. The increase in total assets is mainly due to an
increase of $575,334 in current assets, partially offset by a decrease in
intangible assets of $156,934 resulting from the amortization expense.

Those interested will be able to access the information on the March 31, 2009
unaudited consolidated financial statements, the notes thereto and the
management discussion and analysis via the Internet at www.sedar.com and at
the Company's website, www.wantedtech.com, as of Tuesday, May 19th, 2009.

About WANTED Technologies Corporation
WANTED is the leading source of insight and analysis based on hiring demand.
Clients in the media, HR/staffing, financial services and government sectors
use WANTED's online data and SaaS-based analytical solutions to identify
economic trends, analyze competitive and market activities and prioritize
sales opportunities.

WANTED is also the exclusive data provider for The Conference Board's
Help-Wanted OnLine Data Series(TM), the monthly economic indicator of hiring
demand in the United States.

WANTED Technologies (TSX-V: WAN) was founded in 1999. The company's
headquarters are in Quebec City, Canada, and it maintains a US-based
subsidiary with primary offices in New York City. The company began collecting
detailed hiring demand data in 2002, and currently maintains a database of
hundreds of millions of unique job listings. Visit www.wantedtech.com for more
information about how WANTED helps organizations make better decisions and
improve sales results.

The TSX Venture Exchange does not accept responsibility for the adequacy or
accuracy of this release. Any statement that appears prospective shall not be
interpreted as such.

SOURCE WANTED Technologies

Mr. Bruce Murray, President and CEO, +1-418-523-6663, ext. 222, or Mr. Martin
Auclair, VP Finance and CFO, +1-418-523-6663, ext. 337, both of WANTED
Technologies