SUBSIDARIES:

  
COMPANY OVERVIEW SearchPath HCS Announces Increase in Net Income and Gross   SearchPath International  
REQUEST INFO Profit During 3rd Quarter of 2010   UpdBuild Solutions Group  
NEWS        
MEDIA CENTER A Significant Increase in Franchise Fees and Reduction in      
FINANCIALS OperatingExpenses Fuel Year over Year Growth in the 3rd      
MANAGEMENT TEAM Quarter and Past Three Quarters Combined      
CONTACT US        
         
  CLEVELAND, May 17, 2010 (GLOBE NEWSWIRE) --      
  SearchPath HCS, Inc. (Pink Sheets:SRCP), a leading Human Capital      
  Solutions Company, today announced an increase in net income and      
  gross profit during its fiscal 3rd Quarter ended March 31, 2010      
  compared to its fiscal 3rd Quarter ended March 31, 2009, as well as      
  from the cumulative first three quarters of fiscal 2010 compared to the      
  same period in 2009.      
       
  SearchPath, HCS, Inc. recorded $53,183 in net income during the 3rd    
  Quarter of 2010 compared to recording a loss of $120,722 during the    
  3rd Quarter of 2009. Additionally, during the nine months ended    
  March 2010, the Company recorded cumulative net income of    
  $49,786 compared to a loss of $500,354 during the nine months    
  ended March 2009. During the same comparison period of the first    
  three quarters of 2010 vs. 2009, SearchPath HCS recorded a gross    
  profit of $557,054 vs. $440,969, representing a 26% increase and    
  Net Revenues of $656,224 compared to $544,414, representing an      
  increase of over 20%.      
         
  The largest factor behind SearchPath HCS's increase in net revenues      
  during the first three quarters of 2010 vs. 2009 was a 59% increase in      
  Franchise Fees collected during this period which were $389,475 and      
  $244,725 respectively.      
         
  Additionally, SearchPath, HCS experienced a drastic reduction in      
  expenses during the 3rd Quarter of 2010 compared to the same      
  period in 2009, helping facilitate the Company's increase in net      
  income and gross profit. The Company's Operating Expenses were      
  $150,744 in the 3rd Quarter of 2010 vs. $259,229 during the 3rd      
  Quarter of 2009, representing a decrease of 42%.      
         
  "We are extremely pleased with our overall performance during the      
  last three quarters. Our efforts to increase revenue generation while      
  implementing cost control measures have resulted in a strong quarterly      
  performance. The economic climate of the last two years has been      
  very difficult, however the fact that our franchise royalty income,      
  which is one of our key performance metrics, has increased, clearly      
  demonstrates that SearchPath's training and operational platform is      
  sound," commented Thomas K. Johnston, Chief Executive Officer of      
  SearchPath HCS, Inc.      
         
  "The Human Capital markets as a whole are behaving in line with      
  historical trends where the labor market tends to be one of the first      
  segments to feel the impact of a recessionary market and is also one of      
  the first to rebound. It is our expectation that the overall employment      
  and staffing market will continue to strengthen as the global economy      
  continues to improve and organizations seek to develop and increase      
  staff," continued Mr. Johnston.      
         
         
 

About Search Path HCS, Inc.

      
  SearchPath HCS, Inc. www.searchpathhcs.com is a rapidly growing human capital solutions firm and the parent company of SearchPath      
  International, Inc. (SPI) www.searchpath.com. SPI is a U.S.-based      
  talent acquisition professional services firm, with more than 75      
  franchises nationwide. Founded in 2005, SPI's goal is to become the      
  premier, vertically-integrated provider of talent acquisition      
  professional services in the world. In addition to being a stand-alone      
  talent and acquisition services firm, SPI is also a franchisor of its      
  business that has redefined the way clients do business with recruiters      
  by implementing a client-centric approach that combines proven      
  industry best practices and revolutionary concepts.      
         
  Safe Harbor Statement      
  This press release contains "forward-looking statements" within      
  the meaning of Section 27A of the Securities Act of 1933 and      
  Section 21E of the Securities Exchange Act of1934. All      
  statements, other than statements of historical fact, including,      
  without limitation, those with respect to the objectives, plans      
  and strategies of the Company and SPI set forth herein and      
  those preceded by or that include the words "believes,"      
  "expects," "given," "targets," "intends," "anticipates," "plans,"      
  "projects," "forecasts," or similar expressions, are "forward-      
  looking statements." Although the Company's management      
  believes that such forward-looking statements are reasonable,      
  it cannot guarantee that such expectations are, or will be,      
  correct. These forward-looking statements involve a number of      
  risks and uncertainties which could cause the Company's future      
  results to differ materially from those anticipated. The      
  Company assumes no obligation to update any of the      
  information contained or referenced in this press release.      
         
  This news release was distributed by GlobeNewswire,      
  www.globenewswire.com      
         
  SOURCE: SearchPath International; Nevada International Stock      
  Exchange, Inc.      
 

CONTACT:
Matt Narens
Phone: (216) 912-1500
info@searchpath.com

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