Former Right Management and DBM Leader Joins Careerminds as Chairman

WILMINGTON, DE, 05/05/11 — Careerminds Group, Inc., a North American provider of web-based outplacement and career transition services is pleased to announce Jack Gavin as its Chairman of the Board of Directors.

Mr. Gavin is the former CEO and Vice Chairman of Drake, Beam, Morin (DBM), an international career management and transitions management firm. Prior to joining DBM, Mr. Gavin spent eight years at Right Management Consultants where, as President and Chief Operating Officer, he guided the organization through growth of revenues from $125 million to approximately $500 million. He subsequently orchestrated the sale of Right Management Consultants to Manpower (NYSE:MAN) in 2004.

"Careerminds is at the forefront of the new generation of outplacement and career transition services," said Mr. Gavin. "They are a best-in-class solution provider that provides real innovation on all fronts—technology, career consulting, scalability, and affordability. I've been a leader in the outplacement space for many years and Careerminds is the first organization that is truly transforming how outplacement serves companies and job seekers."

The Company recently secured the remainder of its venture capital funding, totaling $1.285 million, in which Mr. Gavin is a participating strategic investor.

"Jack is an outstanding asset to the organization," said Careerminds CEO Raymond Lee. "His long history of dynamic leadership roles in the outplacement space are invaluable to us. Blending Jack's insights with Careerminds' unique technology, career consulting, and methodology will only add value to our customers and the individuals we serve every day. We look forward to a productive relationship and building a first-class company during his tenure."

Mr. Gavin is a graduate of Temple University and currently serves as Operating Partner at LLR Partners, a leading Philadelphia, PA-based private equity firm with over $1.4 billion under management.