Professional Diversity Network, Inc. operates online professional networking communities with career resources in the United States. It operates in two segments, Professional Diversity Network (PDN Network) and National Association of Professional Women (NAPW Network). The company offers recruitment services, such as single and multiple job postings, recruitment media, talent recruitment communities, corporate memberships, hiring campaign marketing and advertising, e-newsletter marketing, and research and outreach services to various cultural groups and employers. It also provides consumer advertising and consumer marketing solutions through advertising and job postings on its Websites. In addition, the company operates a women-only professional networking organization. Professional Diversity Network, Inc. was incorporated in 2003 and is headquartered in Chicago, Illinois.
IPO Year: 2013
Exchange: NASDAQ
Website: ipdnusa.com
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In the news release, Caravelle International Group Appoints Jinyu Chang as Chairman and Xin He As An Independent Director, issued 30-Oct-2024 by Caravelle International Group over PR Newswire, we are advised by the company that the second paragraph, third sentence, should read "The company's projects encompass small cell 5G tower rentals, IoT devices, Wi-Fi zones, and cameras, with project financings exceeding USD$300 Million." rather than "The company's projects encompass small cell 5G tower rentals, IoT devices, Wi-Fi zones, and cameras, with project financings exceeding US$300" as originally issued inadvertently. The complete, corrected release follows: Caravelle International Group Appo
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CHICAGO, Feb. 12, 2025 (GLOBE NEWSWIRE) -- Professional Diversity Network, Inc. (NASDAQ:IPDN) ("PDN" or the "Company"), a developer and operator of online and in-person networks that provide access to networking, training, educational, and employment opportunities for diverse individuals, today announced a strategic $1.3 million investment in AI Geometric Ltd., securing a 13% equity stake as of January 27, 2025. This pivotal investment is set to revolutionize the technological infrastructure of TalentAlly LLC, PDN's flagship recruitment platform, enhancing its AI-driven recruitment ecosystem, which includes automated job applications, intelligent candidate screening, and interactive interv
CHICAGO, Dec. 10, 2024 (GLOBE NEWSWIRE) -- Professional Diversity Network, Inc. (NASDAQ: IPDN) ("PDN" or the "Company"), a leader in the development and operation of online and in-person diversity talent networks, which provide access to networking, training, educational, and employment opportunities for diverse individuals, today announced that the Company, pursuant to a Profit Participation Agreement (the "Agreement") with Koala Malta Limited, has purchased a 6% right in QBSG Limited (the "Target", previously Koala Crypto Limited)'s distributions and dividends. The investment, which took place on December 5, 2024, involved the issuance of 1,136,363 shares of the Company's common s
CHICAGO, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Professional Diversity Network, Inc. (NASDAQ:IPDN), ("IPDN" or the "Company"), a global developer and operator of online and in-person networks that provides access to networking, training, educational and employment opportunities for diverse individuals, today announced that it has entered into a securities purchase agreement with a single institutional investor for the issuance and sale of 2,500,000 shares of its common stock (or common stock equivalents in lieu thereof) in a registered direct offering at a purchase price of $0.80 per share. In a concurrent private placement, the Company also agreed to issue to the same investor series A common
CHICAGO, Nov. 18, 2024 (GLOBE NEWSWIRE) -- TalentAlly LLC, a subsidiary company of Professional Diversity Network, Inc. (NASDAQ: IPDN), and a leading diversity recruitment solution and job board in the United States, announces a strategic partnership with AI Geometric Ltd. ("AI Geo") to offer job seekers three complimentary, AI-powered virtual interview practice sessions. This collaboration strengthens TalentAlly's competitive position, enhances user engagement, creates new revenue streams, and advances automated candidate screening for employers. This AI-driven interview solution fills a market gap by integrating resume review insights with realistic interview practice. These AI-powered
In the news release, Caravelle International Group Appoints Jinyu Chang as Chairman and Xin He As An Independent Director, issued 30-Oct-2024 by Caravelle International Group over PR Newswire, we are advised by the company that the second paragraph, third sentence, should read "The company's projects encompass small cell 5G tower rentals, IoT devices, Wi-Fi zones, and cameras, with project financings exceeding USD$300 Million." rather than "The company's projects encompass small cell 5G tower rentals, IoT devices, Wi-Fi zones, and cameras, with project financings exceeding US$300" as originally issued inadvertently. The complete, corrected release follows: Caravelle International Group Appo
SINGAPORE, Oct. 30, 2024 /PRNewswire/ -- Caravelle International Group (NASDAQ:HTCO), a global ocean technology company, today announced the appointment of Jinyu Chang as Chairman of the Board of Directors and Xin He as an independent director and Chair of the Audit Committee. These strategic appointments come at a pivotal moment as the Company is focused on enhancing its internal management systems and advancing its commitment to ocean carbon neutrality. Mr. Chang is a Co-Founder of High Trend International, an investment holding company with a significant footprint in smart city and smart lighting initiatives. Through various joint ventures, High Trend International has become one of the
CHICAGO, Aug. 26, 2024 (GLOBE NEWSWIRE) -- Professional Diversity Network, Inc. (NASDAQ:IPDN) ("PDN" or the "Company"), a leader in developing and operating online and in-person networks that offer access to networking, training, educational, and employment opportunities for diverse individuals, is pleased to announce the rebranding of its job board operations to TalentAlly. TalentAlly LLC will now operate as a standalone subsidiary of Professional Diversity Network, Inc. Despite challenges in the recruitment market, PDN's job board service revenue increased by 3.2% in the first half of this year compared to last year. Consequently, the Company has decided to intensify its focus on its jo
CHICAGO, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Professional Diversity Network, Inc. (NASDAQ:IPDN), ("IPDN" or the "Company"), a global developer and operator of online and in-person networks that provides access to networking, training, educational and employment opportunities for diverse individuals, today announced its financial results for the quarter ended June 30, 2024. "The current recruiting market presents significant challenges. However, our recruitment services experienced a 3.2% revenue increase during the first two quarters of this year compared to the same period last year, demonstrating the effectiveness of our operational restructuring efforts. We remain committed to strategica
CHICAGO, May 15, 2024 (GLOBE NEWSWIRE) -- Professional Diversity Network, Inc. (NASDAQ:IPDN), ("IPDN" or the "Company"), a global developer and operator of online and in-person networks that provides access to networking, training, educational and employment opportunities for diverse individuals, today announced its financial results for the quarter ended March 31, 2024. "Our first quarter showed a mixed bag within our revenue streams. Demand for direct enterprise sales was light at the beginning of the quarter, however we recorded the best quarterly renewal percentage in the Company's history. We continue to focus on strategic targeting of industries and business that we feel are in
CHICAGO, March 29, 2024 (GLOBE NEWSWIRE) -- Professional Diversity Network, Inc. (NASDAQ:IPDN), ("IPDN" or the "Company"), a global developer and operator of online and in-person networks that provides access to networking, training, educational and employment opportunities for diverse and specialized individuals, today announced its financial results for the fourth quarter and fiscal year ended December 31, 2023. "2023 was a challenging year for PDN, considering the optimism we had as we closed out fiscal 2022. The early 2023 downturn in the economy and reduced hiring in industries that are personnel heavy caused us to look to restructure ourselves internally and alter our marketing stra
CHICAGO, Dec. 10, 2024 (GLOBE NEWSWIRE) -- Professional Diversity Network, Inc. (NASDAQ: IPDN) ("PDN" or the "Company"), a leader in the development and operation of online and in-person diversity talent networks, which provide access to networking, training, educational, and employment opportunities for diverse individuals, today announced that the Company, pursuant to a Profit Participation Agreement (the "Agreement") with Koala Malta Limited, has purchased a 6% right in QBSG Limited (the "Target", previously Koala Crypto Limited)'s distributions and dividends. The investment, which took place on December 5, 2024, involved the issuance of 1,136,363 shares of the Company's common s
CHICAGO, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Professional Diversity Network, Inc. (NASDAQ:IPDN), ("IPDN" or the "Company"), a global developer and operator of online and in-person networks that provides access to networking, training, educational and employment opportunities for diverse individuals, today announced its financial results for the quarter ended June 30, 2024. "The current recruiting market presents significant challenges. However, our recruitment services experienced a 3.2% revenue increase during the first two quarters of this year compared to the same period last year, demonstrating the effectiveness of our operational restructuring efforts. We remain committed to strategica
CHICAGO, May 15, 2024 (GLOBE NEWSWIRE) -- Professional Diversity Network, Inc. (NASDAQ:IPDN), ("IPDN" or the "Company"), a global developer and operator of online and in-person networks that provides access to networking, training, educational and employment opportunities for diverse individuals, today announced its financial results for the quarter ended March 31, 2024. "Our first quarter showed a mixed bag within our revenue streams. Demand for direct enterprise sales was light at the beginning of the quarter, however we recorded the best quarterly renewal percentage in the Company's history. We continue to focus on strategic targeting of industries and business that we feel are in
CHICAGO, March 29, 2024 (GLOBE NEWSWIRE) -- Professional Diversity Network, Inc. (NASDAQ:IPDN), ("IPDN" or the "Company"), a global developer and operator of online and in-person networks that provides access to networking, training, educational and employment opportunities for diverse and specialized individuals, today announced its financial results for the fourth quarter and fiscal year ended December 31, 2023. "2023 was a challenging year for PDN, considering the optimism we had as we closed out fiscal 2022. The early 2023 downturn in the economy and reduced hiring in industries that are personnel heavy caused us to look to restructure ourselves internally and alter our marketing stra
CHICAGO, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Professional Diversity Network, Inc. (NASDAQ:IPDN), ("IPDN" or the "Company"), a global developer and operator of online and in-person networks that provides access to networking, training, educational and employment opportunities for diverse individuals, today announced its financial results for the quarter ended September 30, 2023. "While our industry has seen the slowing through the second quarter of 2023, we are seeing an uptick in corporate spend in the third quarter of 2023 and continuing into the fourth quarter of 2023 as well. We continue to focus on strategic targeting of industries and business that we feel are in need of our services a
CHICAGO, Aug. 14, 2023 (GLOBE NEWSWIRE) -- Professional Diversity Network, Inc. (NASDAQ:IPDN), ("IPDN" or the "Company"), a global developer and operator of online and in-person networks that provides access to networking, training, educational and employment opportunities for diverse individuals, today announced its financial results for the quarter ended June 30, 2023. "Our industry has seen the continued slowing through the second quarter of 2023. We have seen some hiring come back as seasonal industries begin to ramp up and we are poised to take advantage of this. We have created an internal marketing department which is focused on strategic targeting of industries and we have seen
CHICAGO, May 15, 2023 (GLOBE NEWSWIRE) -- Professional Diversity Network, Inc. (NASDAQ:IPDN), ("IPDN" or the "Company"), a global developer and operator of online and in-person networks that provides access to networking, training, educational and employment opportunities for diverse individuals, today announced its financial results for the quarter ended March 31, 2023. "The recruiting industry as a whole is still feeling the effects of the lingering financial and economic impact that has affected the current economy since 2022. As such, we have had to make adjustments in our operational strategies within our organization, moving personnel from slower producing revenue streams to other a
CHICAGO, May 02, 2023 (GLOBE NEWSWIRE) -- Professional Diversity Network, Inc. (NASDAQ:IPDN) ("PDN" or the "Company"), a developer and operator of online and in-person networks that provide access to networking, training, educational and employment opportunities for diverse individuals, announced the acquisition of additional 7% in RemoteMore USA Inc. ("RemoteMore") on April 28, 2023. After the transaction, PDN's ownership position in RemoteMore will increase to approximately 73%. RemoteMore has been working on an artificial intelligence (AI) solution that improves the matchmaking between companies and developers. Since 2021, RemoteMore has added several new features to its platform, such
CHICAGO, March 27, 2023 (GLOBE NEWSWIRE) -- Professional Diversity Network, Inc. (NASDAQ:IPDN) ("PDN" or the "Company"), a developer and operator of online and in-person networks that provide access to networking, training, educational and employment opportunities for diverse individuals, announced the acquisition of additional 20% of equity interest in RemoteMore USA, Inc. ("RemoteMore") on March 23, 2023, an online platform specializing in remote-hiring of software developers, increasing PDN's ownership position in RemoteMore to approximately 66% after the transaction. Recognizing the unstoppable trend of remote working and the surged demand of a curated workforce pool, PDN purchased ap
CHICAGO, Nov. 14, 2022 (GLOBE NEWSWIRE) -- Professional Diversity Network, Inc. (NASDAQ:IPDN), ("IPDN" or the "Company"), a global developer and operator of online and in-person networks that provides access to networking, training, educational and employment opportunities for diverse individuals, today announced its financial results for the quarter ended September 30, 2022. "We believe that the services that we provide to our customers, in all our business lines, continue to represent discretionary spending items and through the second and third quarters of fiscal 2022, these services have been scrutinized by the consumer as a result of the financial and economic impact of the current e
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