Monster Announces Founding Sponsorship of The Human Capital Institute 'HCI'

MAYNARD, Mass.--(BUSINESS WIRE)--May 5, 2004--Monster(R), the leading global online careers property and flagship brand of Monster Worldwide, Inc. (NASDAQ: MNST), today announced a sponsorship agreement with The Human Capital Institute (HCI), a new membership organization for forward-thinking recruiters and strategic HR professionals. As part of the sponsorship agreement, Monster will receive various advertising exposure on the HCI web site and in all HCI collateral, in addition to exclusive sponsorship of the Strategic Sourcing and Recruiting and the Diversity Recruiting and Retention learning tracks.

Monster's sponsorship of the Strategic Sourcing and Recruiting and the Diversity Recruiting and Retention learning tracks will support a monthly thought leader forum to look at current progress, trends, best practices and solutions/services under development on each of the topics. The discussions held within the thought leader forums will help guide organizations in their decision-making and business case development, in addition to contributing to the content for the curriculum of HCI's certificate courses in these areas. Monster will also sponsor the development of a white paper and webinar to reflect the leadership forum's and HCI's ideas around best practices in these topics and will contain actionable information for organizations to implement regarding Strategic Sourcing and Recruiting and the Diversity Recruiting and Retention.

HCI and Monster recognize Recruitment and Sourcing as a vital area of interest to employers, who are faced with predicted future talent shortages and extreme competition for skilled workers. Diversity recruitment and retention is even more critical to employers who hope to compete in a culturally diverse business environment, and endeavor to bring different perspectives, ideas and audiences to their organizations.

"Monster's commitment to workforce diversity initiatives, and continued cultivation of advanced recruitment and sourcing technology, is clearly shown through their support of these two HCI learning tracks," said Allan Schweyer, executive director of HCI. "We are grateful for the advantage their support lends to our mission of developing effective solutions and best practices in these fundamental human capital areas."

"Monster is proud to be working with HCI to support the industry's move toward advancing processes to ensure human resource professionals have the necessary tools to more powerfully impact business results," said Steve Pogorzelski, president of Monster, North America.

About Monster

Celebrating its 10-year anniversary, Monster is the leading global online careers property. A division of Monster Worldwide (NASDAQ: MNST), Monster works for everyone by connecting quality job seekers at all levels with leading employers across all industries. Founded in 1994 and headquartered in Maynard, Mass., Monster has 22 local language and content sites in 20 countries worldwide. Monster is the official online career management services sponsor of the 2004 U.S. Olympic Team. More information is available at www.monster.com or by calling 1-800-MONSTER. To learn more about Monster's industry-leading employer products and services, please visit http://recruiter.monster.com.

About HCI

The Human Capital Institute is a new membership organization for forward-thinking recruiters and strategic HR professionals. HCI members are experts in employee recruitment, motivation, performance measurement, mentoring and outplacement. The Institute funds research, disseminates information and provides education to help organizations manage employment lifecycle factors and positively impact productivity and profitability. For more information, please call 866-538-1909, email press@humancapitalinstitute.org or visit www.humancapitalinstitute.org.

Special Note: Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the statements made in this release constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve certain risks and uncertainties, including statements regarding the company's strategic direction, prospects and future results. Certain factors, including factors outside of our control, may cause actual results to differ materially from those contained in the forward- looking statements, including economic and other conditions in the markets in which we operate, risks associated with acquisitions, competition, seasonality and the other risks discussed in our Form 10-K and our other filings made with the Securities and Exchange Commission, which discussions are incorporated in this release by reference.

CONTACT: Monster
Colleen McGrath, 978-461-8303
colleen.mcgrath@monster.com
or
Human Capital Institute
Julie Dalley, 866-538-1909
press@humancapitalinstitute.org

SOURCE: Monster