Fortune 500 Companies Accelerate their Adoption of Unicru to Optimize their Workforces
Portland, Ore. - January 28, 2003 - Unicru, Inc. achieved record revenues of $21.1 million and earnings of $0.3 million for 2003, the company announced today. During 2002 the company was recognized as one of the 500 fastest growing and most successful companies in the United States by both Inc. Magazine and Deloitte & Touche.
Contracted backlog increased in 2002 by 129 percent from 2001 as the company signed major multiyear contracts with 23 leading companies in the Retail, Grocery, Call Center, Hospitality and Transportation industries including Albertsons, Blockbuster, Finish Line, Garden Ridge, Hollywood Entertainment, Kmart, Kroger, Marriott Hotels, Rock-Bottom Restaurants, Stream International, Southeastern Freight Lines, Supervalu, and The Fresh Market. Unicru added $1.9 million in cash from operations during 2002, resulting in a strong balance sheet with $9.5 million in cash and no debt.
"Unicru`s success reflects the fact that companies recognize the strategic impact improving workforce quality can have on profitability," said Dr. Katherine Jones, Managing Director, Enterprise Applications for Aberdeen Group, a leading independent research analyst firm. "Unicru`s solution can improve corporate performance in good times and bad by allowing companies to hire, retain and promote the best associates - all of which lead to better customer service, lower staffing costs, and ultimately, increased revenues."
The company achieved these additional milestones in 2002:
· Unicru launched the first hiring management solution designed
specifically for grocers. By year end, five of the top ten U.S. grocers were Unicru customers.
· A Center of Excellence in Workforce Performance Optimization was
established to provide leading edge science and analytic consulting services to Unicru customers.
· Published research disclosed a 41 percent increase in median
employee tenure for hourly workers hired via Unicru versus traditional paper-based hiring processes.
· Unicru entered into alliances with leading HR providers such as
Hogan Assessments, ProBusiness Services, Radiant Systems, The Newman Group, and Snag A Job.
· Unicru entered into partnerships or integrated its service with 12
providers of HRMS, background check, tax, unemployment claims and payroll services including Ceridian, ITax, Lawson, Oracle, and PeopleSoft.
· 5.6 million job applicants were evaluated by Unicru assessments
tailored to select the most productive workers for each of its customers.
"We attribute our record business performance to a strategic focus on providing our customers with a solution that can simultaneously cut hiring costs while meaningfully impacting their workforce quality and performance," said Unicru president and CEO, Chris Marsh. "Unicru customers recognize that we stand alone in our ability to integrate workforce selection science, hiring process automation, decision support and data analytics to predict and optimize the performance of their workforce."
About Unicru
Unicru, Inc. is the leading provider of hiring management systems. Unicru has processed more than 13 million job applications and evaluates approximately one application per second during the U.S. workday. Clients include Universal Studios, Blockbuster Entertainment, Stream, Kroger, and Bennigan`s. On average, Unicru customers decrease employee turnover by 10-40 percent and reduce hiring costs by more than half. For more information, visit the company`s Web site at www.unicru.com.
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