PRESS RELEASE Archive

Cytiva and Bullhorn Establish Strategic Alliance

Recruiting software leaders form referral partnership

Vancouver, B.C. - September 29, 2004 Cytiva Software Inc. (CRX:TSX-V), a leading provider of recruiting software solutions, today announced that the Company has entered into a strategic referral agreement with Bullhorn, the leading provider of On Demand software to the Staffing industry.

As Cytiva commences its focus on selling recruiting software to mid-market corporate human resources departments, the Company will no longer pursue staffing agencies as part of their client base. While Cytiva’s exclusive corporate focus is further evidenced by the launch of their new website geared to corporate HR users, Bullhorn has built its reputation by primarily focusing on the staffing agency market. The strategic alliance will enable both companies to increase their market share and efficiently handle inquiries outside their core market segment. The strategic partnership will result in a powerful alliance in the human resources market enabling both companies to provide the high degree of professionalism that has made them industry leaders.

“We are very pleased to have established a referral partnership with an industry leader like Bullhorn,” said Jason Moreau, President and CEO of Cytiva. “The partnership and the launch of our new website (www.sonicrecruit.com) really show our commitment to the corporate mid-market. Our alliance with Bullhorn reflects our corporate goals of partnering with industry leaders and exclusively focusing on the market segment that we have built our success on.”

“This is an excellent opportunity for both companies,” said Arthur Papas, Bullhorn’s CEO and Co-Founder. “Bullhorn and Cytiva have built highly robust applications that meet the demands and specific challenges of our markets. Our alliance with Cytiva will broaden our reach within the Staffing industry and will allow each company to focus on its core competencies.”

ABOUT CYTIVA SOFTWARE INC.
Cytiva Software Inc. (CRX:TSX.V) provides innovative on-demand talent management software and services to mid-sized and Fortune 500 companies. Its flagship talent acquisition product, SonicRecruit, allows corporations to screen applicants, automate recruiting departments, customize corporate career sites and hire great people. This premier applicant tracking system improves recruiting effectiveness, speeding up the hiring process and reducing cost per hire. For more information, visit www.sonicrecruit.com.

CONTACT:
Ian Alexander
mediarelations@sonicrecruit.com
510-984-1986

The TSX has not reviewed and does not accept responsibility for the accuracy or adequacy of this news release, which has been prepared by management.

Forward-looking Statements: This news release contains forward-looking statements related to the future financial condition and results of operations of Cytiva. These statements are based on current expectations and estimates about the human resources markets in which Cytiva operates and management's beliefs and assumptions regarding these markets. These statements are subject to important risks and uncertainties which are difficult to predict and assumptions which may prove to be inaccurate. Some of the factors which could cause results or events to differ materially from current expectations include but are not limited to: general economic conditions, market or business conditions; changing competitive environment; changing regulatory conditions or requirements; changing technology; and success in implementing productivity initiatives. Some of these factors are largely beyond the control of Cytiva. Should any factor impact Cytiva in an unexpected manner, or should assumptions underlying the forward-looking statements prove incorrect, the actual results or events may differ materially from the results or events predicted. All of the forward-looking statements made in this document are qualified by these cautionary statements, and there can be no assurance that the results or developments anticipated by Cytiva will be realized or, even if substantially realized, that they will have the expected consequences for Cytiva. Readers should not place undue reliance on any forward-looking statements. Further, Cytiva disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or any other occurrence.

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