Recruiter.com completes sale of website to Job Mobz

Recruiter.com Group announced the completion of the sale of its website and certain associated intellectual property, www.recruiter.com, to Job Mobz, Inc. The sale is part of the Company’s ongoing efforts to streamline operations and enhance shareholder equity. In conjunction with this transaction, the Company has fully repaid its outstanding senior debt under the terms of the Loan and Security Agreement, originally issued by Montage Capital II, L.P. As part of this repayment, the Company has also reached a debt settlement agreement with a private investor to whom the debt was transferred. This settlement involves the issuance of 720,000 shares of common stock in exchange for the full settlement of the loan and all associated obligations.