HireQuest, Inc. Announces Closing of Dental Power Staffing Acquisition
07 Dicembre 2021 - 1:45PM
Business Wire
HireQuest, Inc. (Nasdaq: HQI), a national franchisor of
on-demand, temporary, and commercial staffing services, today
announced that it has completed the previously disclosed
acquisition of the Dental Power Staffing (“DPS”) division of Dental
Power (www.dentalpower.com), a 46 year old dental staffing company
headquartered in Carrboro, North Carolina. Dental Power’s DPS
division is a leading provider of temporary, long-term contract,
and direct-hire staffing services to private sector dental
practices across the United States. DPS will operate through a
corporate owned subsidiary of HireQuest. HireQuest remains
committed to its franchise model and is developing a franchise
offering tailored to the dental market which it expects to
introduce in the first half of 2022, using DPS as the platform to
launch this offering.
About HireQuest
HireQuest, Inc. is a nationwide franchisor that provides
on-demand labor and commercial staffing solutions in the light
industrial, blue-collar, and commercial segments of the staffing
industry for HireQuest Direct, HireQuest, Snelling, and LINK
franchised offices across the United States. Through its national
network of over 210 franchisee-owned offices in more than 35 states
and the District of Columbia, HireQuest provides employment for
approximately 60,000 individuals annually that work for thousands
of customers in numerous industries including construction, light
industrial, manufacturing, hospitality, clerical, medical, travel,
and event services. For more information, visit
www.hirequest.com.
Important Cautions Regarding Forward-Looking
Statements
This news release includes, and the company’s officers and other
representatives may sometimes make or provide certain estimates and
other forward-looking statements within the meaning of the safe
harbor provisions of the U.S. Private Securities Litigation Reform
Act of 1995, Section 27A of the Securities Act, and Section 21E of
the Exchange Act, including, among others, statements with respect
to future economic conditions, future revenue or sales and the
growth thereof; operating results; anticipated benefits of the
acquisition of Dental Power Staffing, potential development of new
franchise offerings, or the integration of Dental Power Staffing
with HireQuest’s operations and the impact of the potential impact
of the foregoing on results of operations and financial conditions
of HireQuest. All statements other than statements of historical
facts contained herein, including the statements identified in the
preceding sentence and other statements regarding our future
financial position and results of operations, liquidity, business
strategy, and plans and objectives of management for future
operations, are forward-looking statements. The words “expect,”
“intend,” “anticipate,” “will,” “believe,” “may,” “estimate,”
“continue,” “should,” “plan,” “could,” “target,” “potential,” “is
likely,” and similar expressions as they relate to the company or
Dental Power Staffing, are intended to identify forward-looking
statements. We have based these forward-looking statements largely
on management’s expectations and projections regarding future
events and financial trends that we believe may affect our
financial condition, operating performance, business strategy, and
financial needs. These forward-looking statements involve a number
of risks and uncertainties.
Important factors that could cause actual results to differ
materially from these forward-looking statements include: the
possibility that the anticipated benefits of the acquisition will
not be realized or will not be realized within the expected time
period; the risk that Dental Power Staffing’s business may not be
integrated successfully and disruption from the acquisition may
make it more difficult to maintain business and operational
relationships; and several other factors.
Further information on risks we face is detailed in our filings
with the Securities and Exchange Commission, including our Form
10-K for the fiscal year ended December 31, 2020, our quarterly
reports on Form 10-Q filed since that date, and will be contained
in our SEC filings in connection with this acquisition. Any
forward-looking statement made by us herein speaks only as of the
date on which it is made. Factors or events that could cause our
actual results to differ may emerge from time to time, and it is
not possible for us to predict all of them. The Company undertakes
no obligations to publicly update any forward-looking statements,
whether as a result of new information, future developments or
otherwise, except as may otherwise be required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20211207005177/en/
Company Contact: HireQuest, Inc. David Hartley, Director of
Corporate Development (800) 835-6755 Email:
cdhartley@hirequest.com
Investor Relations Contact: Hayden IR Brett Maas (646) 536-7331
Email: brett@haydenir.com
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