China Career Builder Corp. Announces Signed Letter of Intent to Acquire Issac Search Ltd
HONG KONG, CHINA, Nov 06 (MARKET WIRE) --
China Career Builder Corp., ("The Company or CCB") (PINK SHEETS: CCBX) a
Delaware Corporation, is focused on outsourcing human resource services
and staffing services in Hong Kong, China. Today, the company is pleased
to announce has signed a Letter of Intent to acquires 49 percents of
Issac Search Ltd of Hong Kong. This acquisition is consistent with the
company's Strategic Business Plan, designed to build enterprise value
through organic growth and select acquisition opportunities. The company
is expected to complete satisfactory due diligence in the next Three (3)
weeks, and complete the acquisition by the end of Q4, 2009 or early Q1
2010.
"We have been selectively considering strategic alliance or acquisition
candidates for some time to achieve CCB's strategic vision. We are
confident this acquisition with Issac Search Ltd enhances that vision and
provides the elements required to expedite our business model," added
CCB's President, Mona Yim.
ABOUT THE COMPANY
China Career Builder Corp. (The Company) through its subsidiary Asian
Career Company Ltd. provides outsourcing human resource services and
staffing services in Hong Kong, China. The company provides recruitment
services focusing on the professional, management, clerical,
administrative, IT and industrial market. Its services include screening,
recruiting, training, workforce deployment, loss prevention and safety
training, pre-employment testing and assessment, background searches,
compensation program design, customized personnel management reports, job
profiling, description, application, turnover tracking and analysis,
opinion surveys and follow-up analysis, exit interviews and follow-up
analysis, and management development skills workshops. The company
markets its recruitment services through a combination of direct sales,
telemarketing, trade shows, and advertising. The company incorporated in
Delaware, headquartered in Hong Kong, China.
For further information please refer to the Company's website at
www.ChinaCareerBuilder.com
If you would like to receive regular updates on China Career Builder
Corp. please send your email request to info@ChinaCareerBuilder.com or
contact the company's Investor and Public relations at
ir@ChinaCareerBuilder.com .
SAFE HARBOR STATEMENT
Certain of the statements set forth in this press release constitute
"forward-looking statements." Forward-looking statements include, without
limitation, any statement that may predict, forecast, indicate, or imply
future results, performance or achievements, and may contain the words
"estimate," "project," "intend," "forecast," "anticipate," "plan,"
"planning," "expect," "believe," "will likely," "should," "could,"
"would," "may" or words or expressions of similar meaning. Such
statements are not guarantees of future performance and are subject to
risks and uncertainties that could cause the company's actual results and
financial position to differ materially from those included within the
forward-looking statements. Forward-looking statements involve risks and
uncertainties, including those relating to the Company's ability to grow
its business. Actual results may differ materially from the results
predicted and reported results should not be considered as an indication
of future performance. The potential risks and uncertainties include,
among others, the Company's limited financial resources, domestic or
global economic conditions -- especially those relating to China,
activities of competitors and the presence of new or additional
competition, and changes in Federal or State laws, restrictions and
regulations on doing business in a foreign country, in particular China,
and conditions of equity markets. The Company disclaims any obligation
subsequently to revise any forward-looking statements to reflect events
or circumstances after the date of such statement or to reflect the
occurrence of anticipated or unanticipated events.
Contacts:
China Career Builder Corp
Mona W. Y. Yim
1-866-281-7662
info@chinacareerbuilder.com
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