Peopleclick Secures $15 Million Line of Credit; Debt Financing from RBC Centura to Support Expansion Plans

Business Wire, March 16, 2005

RALEIGH, N.C. -- Peopleclick Inc., the leading total workforce acquisition provider for global companies, today announced it has entered into a $15 million debt financing agreement with RBC Centura's Knowledge Based Industries (KBI) division.

"This agreement demonstrates RBC Centura's confidence in Peopleclick's ability to execute on our strategy," said Stephen A. Sasser, president and CEO of Peopleclick. "This new flexible financing gives us additional working capital when needed to accelerate our growth plans, including pursuing acquisition opportunities that will expand our product and service offerings."

In 2004, Peopleclick signed more than 190 clients, hired more than 90 employees and enjoyed its seventh consecutive quarter of profitability in the December quarter. The company was also recently named to Forbes' Ten To Watch in 2005 list, which recognizes privately funded technology companies with impressive sales growth and unique products and services."

"RBC Centura's KBI group focuses on helping technology companies at all stages of the life cycle and has worked with Peopleclick since 2002. In fact, RBC Financial Group is a client and a member of Peopleclick's Client Advisory Board," said Brent Keating, Group Executive at RBC Centura's KBI office in Raleigh, N.C. "Peopleclick has a top-notch management team and client base, and we are proud to support the company's continued success and growth through new financing."

About Peopleclick, Inc.

Raleigh, N.C.-based Peopleclick, a privately held company founded in 1997, is one of the world's leading enterprise-wide Total Workforce Acquisition providers. Peopleclick provides a holistic solution that includes products, services and expertise encompassing recruitment and vendor management, diversity planning and EEO/Affirmative Action compliance. Peopleclick currently serves more than 2,500 customers in 97 countries, including 54 of the Fortune 100. For more information on Peopleclick's products and services, visit www.peopleclick.com or call 1-877-820-4400.

About RBC Centura

RBC Centura offers a wide range of financial services and advice, including a complete line of banking, investment, loan, mortgage, life insurance, and other services, to individuals, businesses and public institutions throughout the southeast. RBC Centura's multifaceted customer access network includes more than 270 full-service banking centers, an extensive ATM network, and telephone and Internet banking. In addition, RBC Centura offers builder finance products through its subsidiary, RBC Builder Finance. RBC Centura Banks, Inc., is a wholly owned subsidiary of Royal Bank of Canada (RBC) (NYSE, TSX: RY). RBC was recently named "Canada's Most Respected Corporation -2004" by the Globe and Mail for the third year in a row.

RBC Centura's Knowledge Based Industries division is a specialized banking group focused on meeting all banking needs of companies in the technology and life sciences industries. With its life cycle approach, the KBI group works with clients ranging from early-stage, venture-backed companies to mature private and public companies. Additional information about RBC Centura may be found at www.rbccentura.com.