Monster.com Launch Marks Creation of World's Leading Global Online Network for Careers

TMP Worldwide Merges Top Employment Web Sites The Monster Board® and Online Career Center; Network Goes Live With More Than 1 Million Resumes

NEW YORK--Jan. 12, 1999--TMP Worldwide (Nasdaq: TMPW; ASX:TMP) today announced that the company has merged its top-rated online recruitment properties, The Monster Board® and Online Career Center, creating Monster.com (www.monster.com), the leading global online network for careers. The merger of the sites reflects TMP's ongoing strategy to dominate the online careers marketspace and grow its profitable Internet business. TMP's Interactive Division, of which Monster.com is the flagship business, posted revenue of $31.7 million and an operating profit of $0.2 million for the first nine months of 1998.

The new Monster.com blends the best features and services of The Monster Board and Online Career Center sites, which consistently are ranked the number one and number four career sites on the Internet by Media Metrix. In addition, the new Monster.com features new services for career-minded individuals to better manage their careers and for recruiters to find qualified employees. For job seekers, Monster.com now offers personalization, enhanced resume-building and privacy options and career content, and for recruiters provides real-time recruiting and resume screening capabilities.

Today, Monster.com offers 145,000 unique job opportunities from thousands of companies, a resume database containing more than 1 million unique resumes, and attracts millions of visitors per month. The Monster.com network spans the globe with local content and language sites in Canada, the United Kingdom, Netherlands, Australia, and has imminent launch plans in France, Germany and Belgium.

"The careers area is proving to be the new `killer' category on the Web," said Jeff Taylor, CEO of Monster.com and founder of The Monster Board. "With today's launch of Monster.com, we continue to lead the careers space by providing innovative tools and services that are changing the way people manage careers."

According to Forrester Reseach, Inc., employment is emerging as the leading and fastest-growing category in the online classifieds marketspace -- ahead of the much- lauded categories of automobiles and real estate. Forrester predicts spending on online recruitment advertising will grow from $105 million in 1998 to $1.7 billion by 2003. By then, the company expects 100 percent of large, 60 percent of medium-sized, and 20 percent of small companies will be running recruitment advertising online, adding fuel to online advertising revenues.

"TMP is uniquely positioned to take advantage of the explosive growth in the online careers marketspace," said Bill Warren, president of Monster.com and founder of Online Career Center. "TMP's 'intern to CEO' strategy provides career solutions at all levels of experience to job seekers and employers, and the company continues to find synergies between its online and traditional core businesses, which include recruitment advertising and executive search and selection."

"Furthermore, the new Monster.com organization's 120-person sales force, reinforced by TMP's global staff of 3,500, is among the largest for Internet-based recruitment," Warren added.

Site Offers New Features for Consumers
Through advanced technology and features, Monster.com empowers people to manage virtually all facets of their careers on the Monster.com network. New features include:

  • "My Monster" - This highly personalized, password-protected area functions like a career home page. It enables job-seeking members to manage their careers by creating and storing online resumes and cover letters, facilitating personalized job searches - even when the users are off-line, and tracking the progress of resume submissions. Membership is free and open to anyone.

· Resume Enhancements - In addition to helping job seekers build and store online resumes, Monster.com now offers improved resume formatting and previewing and enables users to track the number of times employers view their resumes.

· Privacy Options - Monster.com is committed to protecting the privacy of its users. Using Monster.com's privacy features, members can opt to remain anonymous so that employers do not see their contact information.

Monster.com also features a free subscription-based newsletter, real-time chats and message boards for networking and expert advice, and a Careers Network area that offers helpful content targeted for various industries and career experience levels.

Monster.com Introduces New Features for Recruiters
In addition to its database of more than one million resumes, Monster.com offers new features that make the network a complete desktop-to-Web solution for employers to recruit qualified employees. Key features include Resume Skills Screening, Resume Routing and Real-time Recruiting.

The innovative Resume Skills Screening tool enables employers to reduce the time they spend screening resumes by filtering resumes automatically based on weighted skill assessments. The technology ranks every job applicant from most to least desirable, based on how they match against a custom-built profile, and automatically sends e-mails to applicants inviting them to interview or notifying them when a position has been filled. Monster.com also makes it simple and convenient to route and attach notes to electronic resumes. Additionally, Monster.com makes Real-time Recruiting a reality. Using Monster.com, employers can recruit as soon as new positions open by posting jobs to Monster.com themselves, 24 hours a day, 7 days a week, or working with a Monster.com representative to post the positions.

About Monster.com
Monster.com (www.monster.com), headquartered in Maynard, Mass., and Indianapolis, Ind., is the leading, global online network for careers, connecting the most progressive companies with the most qualified career-minded individuals. Monster.com is committed to leading the market by offering innovative technology and superior services that give consumers and businesses more control over the recruiting process. The Monster.com network consists of local content and language sites in the United States, Canada, United Kingdom, Netherlands, Australia, and has imminent launch plans in France, Germany and Belgium.

Monster.com is the flagship product of the Interactive Division of TMP Worldwide (NASDAQ: "TMPW"; ASX: "TMP"), the online recruitment leader and one of the world's largest recruitment advertising agency networks, with a rapidly growing presence in the search and selection industry. TMP Worldwide is also the world's largest yellow page advertising agency and a provider of direct marketing services, with offices in 19 countries and more than 3,500 employees worldwide. The company's clients include more than 70 of the Fortune 100 and more than 400 of the Fortune 500 companies. More information about Monster.com is available at www.monster.com or by calling 1-800-MONSTER.

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The Monster Board is a registered trademark of TMP Worldwide.