Monstermoving.com Acquires Real Estate Agent Referral Site - Cashback2.com

Acquisition Provides Moving Consumers with Quality Real Estate Agent Referrals and Cash Back Incentives

NEW YORK--(BUSINESS WIRE)--Nov. 28, 2000--Monstermoving.com, the newest division of TMP Worldwide Inc. (NASDAQ:TMPW)(ASX:TMP), and marketing extension of Monster(R).com, today announced the acquisition of Cashback2.com, an online real estate agent referral site that provides "cash back" incentives for customers using its network of qualified real estate agents. The acquisition further solidifies Monstermoving.com's position as a leader in the online relocation marketplace by providing consumers with quality agent referrals and cash back incentives when they sell or purchase a home via the Monstermoving.com agent network. The terms and conditions of the acquisition were not disclosed.

Through this acquisition, Monstermoving.com offers real estate professionals an opportunity to grow their sales and revenue base while decreasing the time and costs involved in customer acquisition. The referral program utilizes a comprehensive evaluation process to match real estate agents with clients based on the agents' areas of expertise and the unique needs of buyers and sellers. By targeting individuals actively involved in the moving process, this program helps real estate agents identify serious home buyers and sellers - eliminating uncertain leads and facilitating an increase in their revenue base.

Monstermoving.com provides moving consumers with access to the tools and resources needed to reduce the time, cost and stress associated with moving. Through this acquisition, Monstermoving.com offers consumers a fast, efficient real estate agent referral process that requires minimal time and effort. Consumers are matched with experienced, qualified agents based on the customer's specific requirements. As an incentive to use participating Monstermoving.com agents, consumers are rewarded with a cash back bonus based on the sale or purchase price of their home.

"Our acquisition of Cashback2.com creates a win-win situation that allows Monstermoving.com to provide valuable services to both relocating consumers and real estate agents," said Tom Zorn, President, Monstermoving.com. "For consumers, this new service matches buyers and sellers with qualified real estate agents who are best suited to serve their unique needs - plus they receive a cash back incentive. For real estate agents, Monstermoving.com provides direct access to serious customers, reducing the significant time and expense that is typically involved in attracting new clients."

"With the addition of real estate referral services, Monstermoving.com now offers consumers significant financial rewards for using our site," adds John L. Heithaus, Senior Vice President of Global Business Alliances, Monstermoving.com. "Now consumers can enjoy relocation benefits that were previously only available to people using company paid corporate relocation services."

"Monstermoving.com is an excellent fit for Cashback2.com's unique products and services," said John Gimblett, President and CEO, of Cashback2.com. "Both companies were founded on the basis of saving consumers time, money and stress when moving. The combined offerings of Cashback2.com and Monstermoving.com create a powerful tool for changing the way consumers relocate."

About Monstermoving.com

As one of the world's largest online marketplaces of relocation information, services and moving-related decision support tools, Monstermoving.com intends to change the way people move by leveraging the power of the Internet to successfully manage all stages of the relocation process. Monstermoving.com offers access to a comprehensive array of moving-related services as well as an exciting assembly of "cool tools" designed to reduce the time, cost and stress associated with all stages of a move. Monstermoving.com features everything from home and apartment searches to mortgage and mover quotes, school information, utility and community resources. Monstermoving.com is a thoroughly effective point of service for consumers and businesses involved in the relocation process. As the newest interactive product offering of TMP Worldwide, Monstermoving.com is a marketing extension of Monster.com. More information about Monstermoving.com is available at www.monstermoving.com.

About TMP Worldwide

Founded in 1967, TMP Worldwide, now with more than 8,750 employees in 30 countries, is the on-line recruitment leader, the world's largest Recruitment Advertising agency network, and one of the world's largest Executive Search & Executive Selection agencies. TMP Worldwide, 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. More information about TMP Worldwide is available at www.tmp.com.

Monster.com (www.monster.com), headquartered in Maynard, Mass, the flagship product of the Interactive Division of TMP Worldwide, is the leading global career portal on the web which recorded over 19.4 million unique visits during the month of October 2000 according to independent research conducted 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 language and content sites in the United States, United Kingdom, Australia, Canada, the Netherlands, Belgium, New Zealand, France, Singapore, Hong Kong, Germany, Spain and Ireland. More information about Monster.com is available at www.monster.com.

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 TMP Worldwide's reports filed with the Securities and Exchange Commission.

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