Monster.com Further Extends European Growth Strategy with Site Launches in Germany and Ireland
Maynard, MA – June 5, 2000 – Monster.com, the leading global online careers site and flagship brand of TMP Worldwide (NASDAQ: "TMPW"; ASX: "TMP"), today unveiled the next phase in the expansion of its European network of local language sites with the launch of monster.de in Germany and monsterireland.ie in Ireland. Adding to Monster Europe's existing sites in France, UK, the Netherlands and Belgium, these latest site launches position the company to become the industry leader across the continent by the end of the year.
Monster.de is launching in collaboration with stellenbörse.de, a sister recruitment site, which launches with an already sizeable CV database of 8,000.
“Germany and Ireland are important and promising markets in our European expansion program,” said Jeff Taylor, CEO of Monster.com. “As well as being Europe's largest labor market, analysts expect Germany to account for 26.2 percent of total European e-commerce operations by 2004. This is a prime location for Monster.com, as we continually strive to provide job seekers and employers all the benefits and services they need from a global perspective.”
Monster.com anticipates further expansion this year throughout Europe, including additional site launches in Spain, Italy, and Eastern and Central Europe (Poland, Hungary, and the Czech Republic), with more countries to follow.
Industry and Internet analysts agree that within five years, 55 percent of all recruitment will take place over the Web. A recent Forrester Research report has indicated that in the highly competitive sector of online recruitment, the winners are likely to be those sites that offer a one-stop career management facility, aggregate multiple services for job seekers and recruiters, and serve both in an ongoing relationship. The same report has identified Monster as the pioneer in developing such a career network and the leader among its competitors.
About TMP Worldwide
Founded in 1967, TMP Worldwide Inc., now with more than 7,600 employees in 29 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 15.2 million unique visits per month, according to independent research conducted in March 2000 by I/PRO. 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. 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, Hong Kong, France, Ireland and Germany. More information about Monster.com is available at www.monster.com or by calling 1-800-MONSTER. Monster.com is the flagship brand of the Interactive Division of TMP Worldwide Inc. (NASDAQ: "TMPW"; ASX: "TMP").
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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.
Contact:
Alli Ross
The Weber Group
617-520-7086
aross@webergroup.com
Emily McKittrick
Monster.com
978-461-8715
emckittr@monster.com













