New Alert Released Breaking News This Morning

AwesomeStocks Hello! We wanted to update our new alert RCRT, discussing more in-depth the company’s breaking news from this morning. Here is the announcement from this morning: “Job Mobz to Acquire Iconic Recruiter.com Brand in Cash and Stock Deal” “NEW YORK, NY / ACCESSWIRE / August 17, 2023 / Recruiter.com Group, Inc. (NASDAQ:RCRT)(NASDAQ:RCRTW) (the "Company") - Job Mobz, recognized as a global leader in recruitment process outsourcing ("RPO") and an acclaimed RPO firm for 2022 by HRO Today, has announced a definitive agreement to acquire key intellectual property from the Company. This includes the prestigious domain name Recruiter.com, symbolizing a revolutionary turn in the recruitment sector.” As the company further explains: “This landmark acquisition amplifies Job Mobz's existing relationship with the Company, transcending their former strategic partnership that sought to drive revenue growth and streamline operations. The parties believe the acquisition will propel Job Mobz's calculated plans to expand its market presence and its service portfolio through the integration of the Company's brand assets.” “The acquisition agreement features”: - “$1.5M in cash at closing;” - “An additional $250K payable within 90 days from closing;” - “Shares comprising ten percent (10%) of Job Mobz, a private California corporation that forecasts 2024 revenue in excess of $50 million with net profit margins of approximately 15-20%;” - “Quarterly profit sharing expected to begin in Q1 2024; and” - “A 3-year services agreement.” Furthermore: “In a move to fortify their alliance, the Company and Job Mobz have inked a services agreement, entrusting the Company with the ongoing management of vital technological offerings including the Job Board, Recruiter Marketplace, and Leadership Program. The revenue from these endeavors will be equitably shared after accounting for agreed-upon operating expenses.” Here are some of the company’s comments from this press release: “Jesse Tinsley, Founder, and CEO of Job Mobz, conveyed his excitement, declaring, "This acquisition heralds a transformative stage in our journey. Integrating Recruiter.com's esteemed intellectual property, including the iconic domain name, reaffirms our global commitment to delivering innovative recruitment solutions."” “Miles Jennings, CEO of the Company, highlighted the synergy, articulating, "This strategic move sharpens our focus on core, platform-based initiatives. We are confident that Job Mobz will unlock the full potential of the Recruiter.com brand, propelling it to new heights."” Importantly, as the company states: “Jennings concluded, "Our transaction with Job Mobz is another piece of our strategic realignment and course for the future. We plan for CognoGroup, our planned spin-out of assets from the Company, to develop our business with Job Mobz through our three-year managed service contract and be the recipient of the profit sharing from our equity position. This transaction is a calculated drive toward a leaner, technology-driven company that also creates immediate value. We're confident that this bold step will help improve our short-term position and create long-term value."” This could be another important growth catalyst for the company. Following the news this morning, RCRT opened today at 0.21 and has so far rallied to a high of 0.27, experiencing upside of +28%. We are continuing to monitor this opportunity. Sources: [PR1]( [PR2]( [PR3]( [PR4]( [PR5]( [PR6]( [PR7]( [Website]( [Chart]( Happy Trading! AwesomeStocks Note: We encourage all traders and investors to develop personal trading rules that you can follow and that work for you. 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