Brainhunter Reports Strong Annual Results

Organic Growth Increases Revenue by 35%

TORONTO, ONTARIO--(Marketwire) - Brainhunter Inc. ("Brainhunter" or the "Company") (TSX:BH) is pleased to report strong results for the year ending September 30, 2007.

Brainhunter is one of the largest Staffing and Solutions companies in Canada.

Strong growth was recorded on all fronts. Revenues increased approximately 35%, largely due to organic growth initiatives. Cash flow continued to improve dramatically. Income before interest charges and non-cash and non-operating expenses increased to $7,767,903 from $3,045,696 in the previous year. Operating activities generated cash flow of $4,433,298, up from $432,016 the previous year. Brainhunter continued to report accounting losses mostly attributable to non-cash expenses such as accreted interest and amortization. The resulting net loss was $2,950,607, an improvement from $4,700,372 the previous year.

BUSINESS OVERVIEW

Brainhunter is an ISO 9001:2000 Certified "Technology Driven Staffing Procurement Software, Solutions and Services" company. Brainhunter's business is focused on using the Brainhunter Human Capital Management Platform to provide fully integrated end-to-end recruiting and staffing services and solutions in the following market sectors: Information Technology, Engineering, Industrial, Health Care and Financial Services.

These services are provided to customers throughout Canada, the United States, the UK, India and globally under the brand Brainhunter. Brainhunter's multifaceted revenue stream is in seven related practice areas including:

Contract Staffing (Annuity Revenue), Permanent Staffing (Transaction Fees / Retainers), Specialized Job Boards (Posting Fees / Subscriptions), Technology Sales (Licenses / Services), Professional Services / Solutions Delivery (Project Revenue), Business Process Outsourcing ("BPO") Centre (Annuity Revenue), Infrastructure Services (Annuity Revenue)

Brainhunter's Technology Platform and Best practices strive to deliver the most cost effective and flexible recruiting and staffing solutions in the marketplace today. Brainhunter offers solutions that are modular in nature and are customizable to suit both small and large scale business processes. Brainhunter has over 2,000 customers including over 200 of North America's leading corporation's plus over 30 Canadian federal and provincial government departments. Brainhunter's Job Seeker Database currently holds over 1.2 million professional resumes and is one of the largest active databases for professional staffing in North America.

Brainhunter is a publicly traded company with a senior listing on the Toronto Stock Exchange (TSX:BH). Brainhunter deploys over 1,800 Contractors / Consultants with an internal staff of over 250 personnel. The Company has delivery capability across Canada (Toronto, Ottawa, Maritimes, Montr?al, Calgary, Edmonton, and Vancouver), activities in Dalian China, a BPO office in Hyderabad, India, an office in London, UK, and delivery capability in select US jurisdictions.