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Monster Worldwide Scandanavia AB Announces Acquisition of Norwegian Online Recruitment Sales Company
Founded in 2004 as a sales agent for Monster Worldwide in Norway, Arbeidskamerater AS successfully increased the number of jobs available on the Norwegian Monster website from 1,100 in January 2006 to 3,000 in January 2007. Following the acquisition, Arbeidskamerater AS will change its name to Monster Worldwide Norway AS, and Stein-Erik Myhre will continue as business manager of the company.
"Norway is a very attractive market for investment because of its highly-favourable economic and labour conditions," said Marc de Vries, managing director, Monster Northern Europe. "By acquiring Arbeidskamerater AS, we will solidify our position within the Norwegian online recruitment market, improving our ability to invest aggressively for growth in 2007 and beyond."
Monster Europe operates Monster-branded sites across 20 countries, including: Austria, Belgium, Czech Republic, Denmark, Finland, France, Germany, Hungary, Ireland, Italy, Luxembourg, The Netherlands, Norway, Poland, Spain, Sweden, Switzerland and the United Kingdom.
About Monster Worldwide
Monster Worldwide, Inc. (NASDAQ: MNST) parent company of Monster(R), the premier global online employment solution for more than a decade, strives to bring people together to advance their lives. With a local presence in key markets in North America, Europe, and Asia, Monster works for everyone by connecting employers with quality job seekers at all levels and by providing personalized career advice to consumers globally. Through online media sites and services, Monster delivers vast, highly targeted audiences to advertisers. Monster Worldwide is a member of the S&P 500 Index and the NASDAQ 100. To learn more about Monster's industry-leading products and services, visit www.monster.com. More information about Monster Worldwide is available at www.monsterworldwide.com.
Safe Harbor
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 Monster Worldwide, Inc.'s strategic direction, prospects and future results. Certain factors, including factors outside of Monster Worldwide's 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 Monster Worldwide operates, risks associated with acquisitions, competition, seasonality and the other risks discussed in Monster Worldwide's Form 10-K/A and other filings made with the Securities and Exchange Commission.
SOURCE: Monster Worldwide
Monster PR Benelux - Amsterdam, The Netherlands Bastiaan Vercouteren, +31 (0)20 851 11 11 bastiaan.vercouteren@monsterboard.nl or Weber Shandwick for Monster Europe Tali Kramer, +44 (0) 20 7067 0535 tkramer@webershandwick.com or Monster Worldwide Corporate Communications, New York Rich Teplitsky, +1-212-351-7019 Rich.teplitsky@monsterworldwide.com
