TMP Worldwide and Recruiternet Establish Strategic Alliance

TMP and Recruiternet to Jointly Market Recruiting Solutions, and Recruiternet to Integrate TMP's Job VIPeR into its Projectix(TM) Applicant Tracking System

NEW YORK & PORTLAND, Maine, Nov 5, 2002 (BUSINESS WIRE) -- TMP Worldwide Inc. (NASDAQ: TMPW), the world's leading supplier of human capital solutions, including the pre-eminent Internet career portal Monster(R), and Recruiternet, Inc., a leading provider of Applicant Tracking Systems (ATS) for Fortune 1000 and mid-size companies, today announced a joint marketing and referral agreement, in addition to an alliance to provide clients an integrated job distribution solution.

Under the terms of the agreement, Recruiternet will integrate TMP's advanced Internet job distribution tool, Job VIPeR (Volume Internet Posting e-Resource), into its Projectix(TM) applicant tracking system, as well as refer its clients to TMP's interactive recruiting solutions. In return, TMP Worldwide's Advertising & Communications division will earn commissions for referring its qualified interactive clients to Recruiternet's innovative applicant tracking solutions.

TMP Worldwide's Job VIPeR is an advanced Internet job distribution tool that enables clients to efficiently post their open jobs to multiple employment websites through a single transaction using an automated desktop process. Created to make life more manageable for human resource professionals, Job VIPeR is easy to use and acts as a central management conduit to the universe of general and industry-specific job boards, allowing clients to create customized media plans and more effectively control their overall recruiting costs. Additional information about Job VIPeR can be found at http://www.jobviper.com.

"We see significant benefits to integrating JobVIPeR's functionality into our applicant tracking system, since many of our clients are trying to manage a portfolio of several job posting websites and can do so more efficiently and effectively using the Job VIPeR tool," said Bob Neveu, President of Recruiternet, Inc. "In addition to enabling us to offer our customers with a significant value-added service within our ATS, this alliance will allow us to expose our clients to the breadth of TMP's interactive capabilities."

Recruiternet's flagship product Projectix(TM), is a Web-based applicant tracking system that enables HR departments in companies of all sizes to easily automate the entire staffing process from requisition creation to new candidate hires. Projectix(TM) provides complete tracking of candidates, requisitions, interviews and documents, is highly flexible and is available as a hosted solution or a traditional "behind-the-firewall" solution. Additional information about Projectix(TM) can be found at http://www.projectix.com.

"Recruiternet's reputation for developing innovative recruiting and human resources software has attracted a strong roster of clients," said Janine Buellesbach, Senior Vice President, Global Interactive at TMP Worldwide. "The obvious synergies between Job VIPeR's capabilities and Recruiternet's Projectix applicant tracking system will enable us to jointly serve clients by offering them a comprehensive, highly integrated recruitment solution."

About TMP Worldwide

Founded in 1967, TMP Worldwide Inc., with more than 8,500 employees in 33 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. In June 2001, TMP Worldwide was added to the S&P 500 Index. More information about TMP Worldwide is available at www.tmp.com.

Monster, headquartered in Maynard, Mass., is the leading global careers website, recording over 43.4 million unique visits during the month of September 2002 according to independent research conducted by I/PRO. Monster 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 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, Luxembourg, India, Italy, Sweden, Norway, Denmark, Switzerland, Finland and Scotland. Monster is the official online career management services sponsor of the 2002 Olympic Games and the 2002 and 2004 U.S. Olympic Teams. More information about Monster is available at www.monster.com or by calling 1-800-MONSTER.

About Recruiternet, Inc.

Founded in 1999 and headquartered in Portland, Maine, Recruiternet is a leading provider of Applicant Tracking System software for Global 1000 and mid-size businesses. With more than 300 clients, including Allied Domecq, CVS Corp., Fleet, Mercy Hospital, SGI, and Wind River Systems, Recruiternet is exclusively focused on partnering with its customers to cost-effectively automate and enhance the recruiting and staffing process. More information on the company can be found at www.recruiternet.net.

Special Note: Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the statements made in this release constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve certain risks and uncertainties, including statements regarding the company's strategic direction, prospects and future results. Certain factors, including factors outside of our control, may cause actual results to differ materially from those contained in the forward- looking statements, including economic and other conditions in the markets in which we operate, risks associated with acquisitions, competition, seasonality and the other risks discussed in our Form 10-K and our other filings made with the Securities and Exchange Commission, which discussions are incorporated in this release by reference.

CONTACT:

Weber Shandwick (for TMP), New York
Christian Harper, 212/445-8135
charper@webershandwick.com
or
Recruiternet, Inc.
Nate Smith, 888/935-1411 x 316
nate.smith@recruiternet.net