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MonsterMoving.com Acquires MoveCentral
For Immediate Release Contact: Andrea Retzky
212-445-8247
Jim Treacy
212-527-8604
Online Relocation Services Division of TMP Worldwide Gains a Broad Range of
Moving-Related Services, Including Electronic Address Change Capability
New York, NY - July 11, 2000 – MonsterMoving.com, the new relocation services division created by TMP Worldwide Inc., (NASDAQ: TMPW; ASX: TMP) and sister site to Monster®.com, today announced the acquisition of MoveCentral, Inc., one of the Internet's leading providers of relocation-related services for consumers and businesses. The acquisition will provide significant benefits for TMP Worldwide and MonsterMoving.com visitors and clients, as they gain access to comprehensive and powerful moving-related tools and services.
“Changing jobs can often mean changing locations, so it's a natural extension for TMP Worldwide to provide quality services for the moving experience through MonsterMoving.com,” said Andy McKelvey, CEO of TMP Worldwide Inc. “With the acquisition of MoveCentral, MonsterMoving.com is well-equipped to provide a broad range of relocation-related services in an online environment for consumers and businesses facing the exciting but at times daunting challenges of relocation. MonsterMoving.com's services are supported across all TMP Worldwide business units and will provide an important new advertising venue for moving-related clients in the Yellow Page Advertising division; where over 30% of the billing is derived from moving and home services.”
The acquisition gives MonsterMoving.com visitors instant access to a greater variety of key moving assistance programs. The new and complementary resources include a free online change-of-address tool, offering consumers the ability to fill out a single online form from which the U.S. Postal Service and up to 47,000 consumer-selected subscriptions, credit cards, alumni associations, and other national organizations are automatically notified of the change of address.
Informational guides and decision support tools including mortgage calculators, neighborhood directories, movers' discussion groups, a personalized moving calendar, and associated articles will also be incorporated in the MonsterMoving.com site, as will a mall of multiple external consumer sites featuring goods and services relevant to the moving experience. MonsterMoving.com plans to integrate all information, services and tools from MoveCentral.com during the third quarter, and intends to retain the MoveCentral executive team.
“Our mission is to offer our clients and consumers access to valuable online moving resources that save money, reduce time and decrease stress,” said Tom Zorn, president of MonsterMoving.com. “The MoveCentral acquisition provides us with immediate and established online relocation services, including the best address change service on the Internet. This feature is a major time saver for people on the move.”
According to Gomez Advisors™, a leading e-commerce authority for both consumers and e-businesses, many consumers plan to shop the Internet during the moving process, and the best online real estate and relocation sites are those that try to provide superior customer service. The acquisition of MoveCentral demonstrates a commitment by MonsterMoving.com and TMP Worldwide to strategically expand into the $100 billion relocation market, comprising 42 million Americans annually. To date, MonsterMoving.com boasts a relocation database containing more than 440,000 links and 87,000 pages of unique moving information and products and services from thousands of companies.
“We're very excited about working with MonsterMoving.com to help them extend the breadth and depth of services they offer,” said Rick Libby, president and CEO of MoveCentral. “This rapid expansion underscores MonsterMoving.com's drive to become the number one Internet destination for relocation services and programs.”
About MoveCentral, Inc.
Founded in 1992, Boston-based movecentral.com provides Fortune 1000 companies with customer retention, acquisition and revenue enhancement programs that tap the market of 17 million moving Americans worth $102 billion-plus annually. Ranked on the Inc. 500 list two years in a row, the company was a member of The Cross Country Group.
About MonsterMoving.com
MonsterMoving.com was created to leverage the power of the Internet to provide moving families with comprehensive resources necessary for the successful planning and execution of a move. In addition, the site assists movers to connect, furnish and improve their new home and provide each family member with the resources needed to help settle-in to the new community. As the world's largest online marketplace of relocation information, services, and moving-related decision support tools, MonsterMoving.com enables the user to reduce time, expense and stress related to a relocation – whether the move is around the corner or around the globe. MonsterMoving.com is a sister company to Monster.com and the newest division of TMP Worldwide Inc. (NASDAQ: "TMPW"; ASX: "TMP").
About TMP Worldwide
Founded in 1967, TMP Worldwide, now with more than 7,600 employees in 29 countries, is the on-line recruitment leader, the world's largest recruitment advertising network, one of the world's largest selection agencies, and a leading global retained executive search firm. TMP Worldwide, headquartered in New York, is also the parent company of Monster.com, the leading global career portal on the Web, 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.
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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.
