TMP Worldwide Added To S&P 500 Index
NEW YORK--(BUSINESS WIRE)--May 23, 2001--TMP Worldwide (NASDAQ: TMPW), the world's leading supplier of human capital solutions, including the pre-eminent Internet career portal Monster.com(R), and the world's largest Yellow Pages advertising agency, announced today that it has been added to the Standard & Poor's 500 Index.
The listing will be effective at the close of trading on a date to be announced by S&P.
"We're thrilled to be recognized by the S&P 500," said Jim Treacy, COO and Executive Vice President of TMP Worldwide. "TMP Worldwide successfully delivers online and offline solutions at a crucial intersection of today's economy - the high demand for quality employees, and the demand for comprehensive services. With an even greater focus today on the relationship of the job market and human capital to the global economy, we think this is an important industry to be represented in the S&P 500, and we're quite pleased to be part of it."
TMP will replace CIT Group, Inc., as S&P 500 component Tyco International (NYSE: TYC) is acquiring CIT Group, Inc. TMP will be added to the S&P 500 GICS Advertising sub-industry group and the Services (Advertising/Marketing) industry group.
About Standard & Poor's
Standard & Poor's, a division of The McGraw-Hill Companies (NYSE: MHP), provides independent financial information, analytical services, and credit ratings to the world's financial markets. Among the company's many products are the S&P Global 1200, the world's first global, equity, real time index; the S&P 500, the premier U.S. portfolio index; and credit ratings on more than 220,000 securities and funds worldwide. With more than 5,000 employees located in 21 countries, Standard & Poor's is an integral part of the global financial infrastructure.
About TMP Worldwide
Founded in 1967, TMP Worldwide Inc., with more than 9,500 employees in 32 countries, is the online recruitment leader, the world's largest Recruitment Advertising agency network, and one of the world's largest Executive Search and 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, headquartered in Maynard, Mass., the flagship brand of the Interactive Division of TMP Worldwide, is the leading global career portal on the Web, and recorded over 25 million unique visits during the month of April 2001 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 content and language sites in the United States, United Kingdom, Australia, Canada, the Netherlands, Belgium, New Zealand, Singapore, Hong Kong, France, Germany, Ireland, Spain, India, Italy, and Luxembourg. More information about Monster.com is available at www.monster.com or by calling 1-800-MONSTER. 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.
--30--mw/ny*CONTACT: TMP Worldwide, New York Dan Bustillos, 212/351-7084 email@example.com or BSMG Worldwide, New York Andrea Retzky, 212/445-8247 firstname.lastname@example.org