Hcareers’ parent company onTargetjobs acquires JobLoft.com

Acquisition positions Hcareers as number one recruitment solutions provider for hospitality industry worldwide

Vancouver, Canada, October 29, 2007 – Hcareers, the leading online job board for the hospitality industry worldwide, announced today that its parent company, onTargetjobs, has acquired the assets of JobLoft.com, a cutting edge hospitality and retail job board located in Toronto, Canada. The combined companies now hold the number one spot as the dominant provider of online recruitment solutions for the hospitality industry.

The addition of JobLoft.com into the onTargetjobs family of job boards reaffirms onTargetjobs’ commitment to hospitality recruitment professionals and jobseekers worldwide, both in the hourly and managerial markets. JobLoft.com’s concentration on the hourly jobseeker looking for local jobs coupled with Hcareers’ worldwide reach and industry presence enables Hcareers to provide a more holistic solution to its hospitality, restaurant and foodservice clients.

JobLoft.com’s state of the art technology platform and rich Web 2.0 functionality provide the ultimate user experience. Using JobLoft.com, jobseekers can find employment opportunities in their community, and then have them visually displayed using Google Maps’ technology. JobLoft.com’s technology applications fit perfectly with onTargetjobs’ dedication to giving the hospitality industry jobseeker the opportunity to find the most suitable job to fit their needs and experience level.

“This is such a great move for the hospitality industry as a whole,” said Chris Nguyen, CEO of JobLoft.com. “Our loyal following in the hourly job seeker space is going to flourish from this new ownership as we’ll now be able to expand the opportunities available to job seekers in their own communities”

Since 1998, Hcareers has been providing the hospitality industry with an online job board specifically targeted to the industry. Job openings are delivered to the ever-expanding Hcareers network of partner career centers, including those of the national, provincial and state hospitality and restaurant associations, bizjournals’ regional business journal websites and the International CHRIE member schools, which comprise the bulk of the culinary management and hotel management schools worldwide.

“We are ecstatic to be able to have the JobLoft team join our family and together with the existing Hcareers product offering, we will leverage the excellent technological advancements that JobLoft offers the hourly hospitality and retail marketplaces,” said Allen Paschal, CEO of OnTargetjobs. “With name brand clients such as Starbucks, Wal-Mart, Hudson’s Bay Company, and Sobeys, JobLoft has developed an excellent reputation within the industry.”

For more information on Hcareers visit www.hcareers.com, for onTargetjobs visit www.onTargetjobs.com and for JobLoft.com visit www.jobloft.com.

About Hcareers
Hcareers is the leading job board for the hospitality and restaurant/foodservice industries. A unit of onTargetjobs out of Fort Worth, Texas, Hcareers is known for being the leader in providing industry-specific online recruitment solutions with the most relevant jobs and job seekers in their niche market and has rapidly become the number one choice for both job seekers and employers in the hospitality and foodservice industry worldwide. For more information about Hcareers’ online recruitment solutions, visit http://www.hcareers.com/.

About onTargetjobs
onTargetjobs is the parent company of Applied Recruitment Technologies (HEALTHeCAREERS.com), Hcareers, CareerBank.com, BioSpace.com and MedHunters.com and provides online career services to the accounting, biotech, finance, insurance, healthcare, insurance, pharmaceutical, hospitality and restaurant markets. onTargetjobs invests in leading niche Internet job sites, serving a defined vertical industry or job function. The company’s operating philosophy is to invest in strong management teams who continue to operate the acquired company, with onTargetjobs assisting through capital, consultative and other resources to enable accelerated company growth. OnTargetjobs is in partnership with Warburg Pincus, one of the oldest and largest private equity firms in the world with approximately $13 billion under management. For more information about onTargetjobs’ online career services, please visit http://www.onTargetjobs.com/.

About JobLoft.com
JobLoft.com is an online job board that lists retail, food services and hospitality postings based on geographic proximity. By entering a Canadian postal code, users can view nearby job postings using Google Maps software. After seeing the inefficiency of the traditional job search process, JobLoft.com’s founder teamed up with his classmates to make his vision a reality. To learn more about JobLoft’s online job board, please visit http://www.jobloft.com/.