Wilmington, DE-USA, New Delhi-INDIA-May 31st, 2002--Old American, Inc. and SamTech Infonet, Ltd. have signed an international licensing and product representation agreement to market the Human Resources Management System (HRMS) web-enabled software product line, HR2 recruitment-to-retirement suite.

The HR2 recruitment-to-retirement suite includes nine individual modules that are specifically designed to work with and for recruiters, hiring managers and executives throughout the business-to-employee relationship. The suite, a highly cost effective system that is targeted to midrange companies and Universities, is flexible and non-linear, providing customers with an entire software product line that works with them and for them, and is easily integrated into existing infrastructure.

The first module in the HR2 recruitment-to-retirement suite, Re:Cruit, recruitment and applicant tracking software, is a comprehensive web-based application tracking software tool that was built to automate the process of Resume Filing, Vacancy Posting and Job Matching.

The system offers a complete range of solutions and services--simplifying and optimizing the entire recruiting and tracking process. Organizations can accelerate hiring cycles by bringing recruiters and hiring managers online. Managers can submit requisitions for approval, review current candidates and manage recruiting tasks; basically allowing them to acquire the best candidate at the lowest cost.

"Too often, the recruitment chain is not well managed. It can be a slow approval stage-driven process not allowing you to work intermittently or nonlinear. Re:Cruit allows you to minimize risk associated with recruitment chain porosity, providing organizations with a tracking tool that allows companies to be competitive, minimizing replacement and growth cycles through the depth of its information tiers and multi-user automated processes," comments GJ Kulkarni, director of SamTech Infonet, LTD, the developer of the suite, whose international company specializes in technology development and consulting.

Old American, Inc., an international asset and software product and licensing company, saw the significant value of the product and its easy integration into existing infrastructures. "After careful scrutiny of the software suite, and the niche that it was developed for; I seized an opportunity to provide a product to the marketplace that not only filled a void, but also complemented hardware assets of our strategic alliances-specifically its easy integration with IBM's DB2," comments Joseph Rodriguez, founder of Old American, Inc. "The combination of Re:Cruit running on DB2 is an ideal solution for midrange companies, as well as universities, who need a powerful database with software that is flexible and takes advantage of DB2's highly refined data structure."

About Old American, Inc.
Understanding the dynamics of the marketplace as well as technology advancements in both software and hardware along with a history of quick, consistent program delivery provides Old American with the foundation and leadership necessary to instinctively compete in today’s technically intuitive world. In business since 1996, Old American’s flexibility and depth of experience enables the company to intelligently address the challenges customers face in structuring and obtaining optimal forms of technology solutions.

For more information, or to set up an interview, please contact:
Arturo Leon @ 949-219-0411 / aleon@oldamericaninc.net