NEW YORK--(BUSINESS WIRE)--May 7, 2001--TMP Worldwide Inc. (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 the acquisition of Management Solutions, Inc. (MSI), a Silicon Valley-based placement and outsourced e-recruiting firm. MSI's staffing and recruiting operations will be integrated into TMP Worldwide's eResourcing division.
"TMP is committed to the growth of its professional level staffing presence throughout the United States. The acquisition of MSI, with its eight offices in California, Washington, Oregon and Nevada, represents a significant step towards that goal," said Andrew Banks, Global CEO of TMP Worldwide eResourcing. "MSI, with its substantial reputation and market share, provides TMP additional West Coast market leadership in the arena of contract and permanent placements within finance and accounting," he continued.
MSI's high-tech, high-touch e-recruiting solutions typify TMP's goal to layer an 'internet-focused' permanent placement business into its existing scope of services. "TMP plans to utilize MSI's specific expertise as a leading part of its eScreening product to support the eResourcing and Executive Search businesses, while marketing the service as an outsourced e-recruiting tool to HR departments worldwide," added Banks.
Founded in 1987, MSI operates under three primary brands. Management Solutions provides professional level contract and permanent placement in the areas of finance, accounting, HR, IT and engineering. The Capstone Group offers retained executive search and contract executive consulting services, and StarRecruiting.net delivers outsourced e-recruiting solutions.
Richard Williams, CEO of MSI, said, "We are thrilled to be joining TMP Worldwide. The combination of TMP's global resources and Internet leadership will positively benefit our clients, consultants and employees. We will be better able to take our e-recruiting approach national through TMP's significant sales channels and resources. We also anticipate increasing the operating efficiency of our core staffing business through Web enabled tools and improved online and offline communications." 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., is the leading global careers website, recording over 26.1 million unique visits during the month of March 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, Luxembourg, India, and Italy. 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--jc/ny*CONTACT: BSMG Worldwide Andrea Retzky 212/445-8247 email@example.com  or TMP Worldwide Dan Bustillos 212/351-7084 firstname.lastname@example.org