TMP Worldwide Announces Plans To Acquire Stackig Advertising And Public Relations

New York, (October 1, 1998) – TMP Worldwide (NASDAQ: TMPW), the most comprehensive provider of traditional and online career solutions and the world's largest yellow page advertising agency, today announced it has agreed to acquire Stackig Advertising and Public Relations, in a pooling transaction for approximately 485,000 TMP Worldwide shares.

Stackig, among the nation's pioneering and leading high-tech communications agencies with major business interests in recruitment advertising, marketing communications, public relations, and Internet communications, reported commissions and fees of approximately $11 million last year. Headquartered in McLean, Virginia, Stackig's clients include ITT Defense & Electronics, Supercomm, UNISYS, Westell, and Eastman Kodak Commercial and Government Systems.

"In our ongoing effort to build on and effectively communicate TMP's innovative intern-to-CEO strategy, we constantly look for acquisition targets that will help strengthen our role as the leader in the traditional and online marketplace," said Andrew J. McKelvey, chairman and CEO of TMP Worldwide. "The acquisition of Stackig Advertising and Public Relations, with their long history and expertise in the areas of recruitment and business to business advertising, represents a strategic fit for us and will be a solid addition to TMP's growing global infrastructure."

Stackig, founded by S.G. (Jay) Stackig in 1960, was acquired by the current leadership team, all long-time Stackig employees, in 1986. The firm has in recent years experienced impressive growth, more than doubling in size during this decade. Stackig's president, Laurence Rosenfeld, and its chief operating officer, Deborah League, will continue to lead the firm. Chairman and CEO David Pogue will also remain with the organization to assist with the transition, acquisition integration and corporate development.

"We see this as an outstanding opportunity," Rosenfeld said, "to spearhead the creation of a nationwide organization able to meet the growing business-to-business communications challenges posed by the growth of technology,including Internet applications, advanced telecommunications, information technology systems and services, and other areas of Stackig strength."

Founded in 1967, TMP Worldwide is the most comprehensive provider of traditional and online career solutions and the world's largest yellow page advertising agency with more than 3,550 employees in 20 countries. The company is also a provider of direct marketing services. TMP Worldwide's clients include more than 70 of the Fortune 100 and more than 285 of the Fortune 500 companies. The company's Internet offerings include The Monster Board, the largest and most successful career center on the World Wide Web; Online Career Center, the Internet's earliest career site; MedSearch, (www.medsearch.com), the primary online "help wanted" service for the health care industry; and Be the Boss (www.betheboss.com), a leading provider of information on franchise opportunities.

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The Monster Board is a registered trademark of TMP Worldwide. Online Career Center, Be The Boss and MedSearch are service marks of TMP Worldwide.