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Monster.com Continues Asian Expansion with Launch of Hong Kong Site
Contact: Emily McKittrick
Monster.com
978-461-8715
emckittr@monster.com
Maynard, MA - April 18, 2000 - Monster.com, the flagship brand of TMP Worldwide Inc. (NASDAQ: "TMPW"; ASX: "TMP"), has announced the launch of Monster.com.hk – Monster.com for Hong Kong – which continues Monster.com's online expansion in the Asia Pacific region. The addition of the site to Monster.com's career network, now in ten countries, reinforces Monster.com's position as the global leader in online careers.
“As the new economy expands and more companies go global, it is important for a leader like Monster.com to be in emerging job markets as they mature. These are markets where the population tends to be very tech-savvy and ready for new recruiting ideas,” said Jeff Taylor, CEO of Monster.com. “Hong Kong is an ideal location for Monster because it supports many of our global clients, internet penetration is high, and there is a strong labor market. This means that there is a ready pool of both job seekers and employers who will benefit from our site and services.”
The Monster.com.hk site offers job seekers access to Monster.com's searchable jobs database of employment opportunities in Hong Kong and abroad. Monster.com.hk also offers information about the current employment trends in Hong Kong, and offers job seekers a number of career management services, including newsletters, job agents that alert job seekers via email of postings that match criteria they've selected, resume posting and more. Visitors can also link to the U.S. Monster.com site. All services are free to job seekers.
For employers, Monster.com.hk offers job-posting in real-time, tools to manage the local recruiting process, chat rooms, message boards and more.
“As with all of our international sites, local relevance is very important to Monster's expansion in Hong Kong,” said Marcel Legrand, senior vice president of Global Development for Monster.com. “While the Monster brand and core technologies remain consistent in every country that we operate in, we are committed to understanding local issues and providing a meaningful, personalized experience via relevant, topical content.”
The Monster.com global network consists of local content and language sites in the United States, United Kingdom, Australia, Canada, the Netherlands, Belgium, New Zealand, Singapore, France and Hong Kong.
The Monster Hong Kong expansion is part of a joint venture between Monster.com and ecorp (ASX: ECP), a premier Internet portfolio business. The venture between Monster.com and ecorp will allow both partners to combine their respective strengths in the pursuit of business opportunities in Asian markets. Monster.com and ecorp intend to use the extensive expertise built up in their home markets to take advantage of rapid regional growth in Internet usage and online recruitment. The venture is 65 percent owned by Monster.com and 35 percent by ecorp.
About ecorp
ecorp is a premier Internet business and a leader in developing e-commerce services for the Australian and Asian markets. ecorp's interests include the following:
*a joint venture with Monster.com to provide online career management services in the Asia-Pacific region
*a joint venture with Microsoft, ninemsn, which is Australia's leading web portal
*a joint venture with eBay to operate online person to person trading through eBay Australia and New Zealand
*a joint venture with Charles Schwab Corporation to provide financial services in Australia
*Ticketek, a leading Australian ticketing company
*Wizard Mortgage Corporation, a rapidly growing mortgage originator
For further information on ecorp, visit our website at www.ecorp.com.au.
About TMP Worldwide
Founded in 1967, TMP Worldwide Inc., now with more than 7,200 employees in 25 countries, is the online recruitment leader, the world's largest recruitment advertising agency network, and one of the world's largest search and selection agencies. TMP Worldwide Inc., headquartered in New York, is also the world's largest Yellow Pages advertising agency and a provider of direct marketing services. The company's clients include more than 90 of the Fortune 100 and more than 480 of the Fortune 500 companies.
About Monster.com
Monster.com, headquartered in Maynard, Mass., is the leading global careers Web site with over 14.5 million unique visits per month. Monster.com connects the most progressive companies with the most qualified career-minded individuals, offering innovative technology and superior services that give them more control over the recruiting process. Monster.com is the flagship brand of the Interactive Division of TMP Worldwide Inc. (NASDAQ: "TMPW"; ASX: "TMP"). More information about
Monster.com is available at www.monster.com or by calling 1-800-MONSTER.
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Special Note: The above statements include forward-looking statements based on current management
expectations. Factors that could cause future results to differ from these expectations include the following:
risks associated with acquisitions, competition and seasonality. Additional factors are described in the
company's reports filed with the Securities and Exchange Commission.
