Breakaway Run in Fourth Quarter 1999 Takes TMP Interactive and Monster.com to Super Bowl Victory and Beyond.Business Editors & Internet Writers NEW YORK--(BUSINESS WIRE) March 7, 2000 $50.6 Million of Commissions & Fees for Fourth Quarter 1999 is Greater Than Total Year 1998 Up 190% versus Fourth Quarter 1998 Up 38% versus Third Quarter 1999 Interactive Operating Profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. of $7.7 Million Reported for Fourth Quarter 1999 TMP TMP (thymidine monophosphate): see thymine. Worldwide Inc., (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : "TMPW"; ASX ASX See: Australian Stock Exchange : "TMP") today announced that the company's Interactive Operations, led by Monster.com, reported Internet commissions and fees of $50.6 million for the fourth quarter ended December 31, 1999; higher than total commissions and fees for the entire year of 1998 of $50.2 million. Internet commissions and fees for the fourth quarter of 1999 were also up 189.6% from $17.5 million for the fourth quarter ended December 31, 1998 and up 38.1% from the third quarter ended September 30, 1999. TMP's Internet Operations also reported an operating profit of $7.7 million for the fourth quarter ended December 31, 1999. TMP's Interactive Operations, anchored by Monster.com, have built the dominant Internet career portal worldwide. Monster.com continues to be the number one destination for career seekers on the Web and towers over the other Internet recruitment sites in all aspects of site traffic, surpassing its closest competitor by more than 130% in every reach category. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the most recent monthly independent research released by Media Metrix, January 2000, 5.3% of the 68.0 million U.S. Internet users visited the site, which amounted to 3.6 million unique visitors A count of how many different people access a Web site. For example, if a user leaves and comes back to the site five times during the measurement period, that person is counted as one unique visitor, but would count as five "user sessions. who spent an average of 20.5 minutes and looked at an average of 29.8 pages. Andrew J. McKelvey, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of TMP Worldwide stated, "It was another record-breaking quarter, with our Interactive Operations accomplishing what only a handful of other Internet companies have done - rapid revenue growth and profitability. This outstanding achievement is attributed to our global infrastructure, which affords our Internet businesses with access to the largest and most effective sales force in the world that specializes in career services and can introduce local and multinational clients to the power of on-line recruiting." As competition in the online job search marketplace increases, Monster.com has extended its leadership position by providing to the largest community of targeted users the best in career management and employee recruitment services. "Monster.com has become a household brand name and our numerous achievements in 1999 have positioned us to remain far ahead of our competitors," said Jeff Taylor For the U.S. Attorney, see . For the wrestler, see . Jeff Taylor is a founder of the online jobs site Monster.com. He attended UMass Amherst and joined the Pi Kappa Alpha Fraternity. He worked as a DJ before working on the startup in the mid 90s. , CEO of Monster.com. "We are clearly poised to continue exceeding customer and market needs in 2000," continued Mr. Taylor. "We successfully launched Monster.com's second national television advertising campaign during Super Bowl XXXIV Super Bowl XXXIV was the 34th championship game of the modern National Football League (NFL). The game was played on January 30, 2000, at the Georgia Dome in Atlanta, Georgia, following the 1999 regular season. in January 2000, and traffic to the site increased by 159% during the 24-hour period after the game compared to the 24-hour period two weeks prior. Site traffic also continued to increase thereafter, and, in fact, while many Super Bowl advertisers' traffic started to taper off Verb 1. taper off - end weakly; "The music just petered out--there was no proper ending" fizzle, fizzle out, peter out discontinue - come to or be at an end; "the support from our sponsoring agency will discontinue after March 31" 2. by Tuesday, following Super Bowl Sunday, Monster.com's site traffic continued to accelerate. The Super Bowl spots are just the start. Year 2000 will be a huge, `monstrous' branding and growth year for us." Furthering this growth are TMP's global expansion plans to bring Monster.com's award-winning career services to the Web's largest consumer audiences. Continuing this strategy, TMP entered into an exclusive agreement with the dominant Australian Internet portal, ninemsn, a joint venture owned equally between ecorp and Microsoft. The partnership agreement will make Monster.com the exclusive job search and career content channel on ninemsn. Plans were also announced for a similar joint venture in Asia with ecorp. "This relationship with ninemsn will add tremendous momentum to our existing Australian and Asia Pacific efforts and extend our career expertise even faster and stronger throughout the region," said Jeff Taylor. Forbes magazine also provided further testimony to Monster.com's leadership position, by recognizing it as the best "job hunting" site on the Web from among more than 3,000 sites devoted to careers (February, 28, 2000). Forbes' `Best of the Web' award is based on five criteria including design, navigation, content, speed and customization, and judges said of Monster, "every function, from storing your resume to researching jobs, is simple and intuitive." Monster.com also recently introduced its newest release, Monster 2000. In addition to a new contemporary look and feel, Monster 2000 has industry revolutionizing features, including tiered resume privacy technology, options to store multiple resume versions, and enriched personalization features, including dynamic content delivery. Lastly, TMP Worldwide's interactive dominance gained increasing acclaim, being ranked in Adweek as the 6th largest Interactive agency (www.adweek.com/iqinteractive.iq7.asp). TMP Worldwide was also named to Fortune magazine's "e-50 Index," which selects 50 of the best performing companies on the Internet, as well as Inter@ctive Week's "Internet 500" list of companies that are playing a critical role in shaping the future of the Internet economy The Internet Economy refers to conducting business through markets whose infrastructure is based on the Internet and World-Wide Web. An Internet economy differs from a traditional economy in a number of ways, including: communication, market segmentation, distribution costs, and price. . 1999 Monster Milestones In December 1999, Monster.com partnered with America Online See AOL. to become their exclusive career channel, gaining important access to the largest online consumer audience across seven America Online brands including: the AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. Service, with 20.3 million members, and also AOL Canada, AOL.COM, CompuServe, ICQ ("I Seek You") A conferencing program for the Internet from Mirabilis, Tel Aviv, Israel (www.icq.com). It provides interactive chat, e-mail and file transfer and can alert you when someone on your predefined list has also come online. , Netscape Netcenter and Digital City, all of which serve tens of millions of other Internet consumers. In November, Monster.com responded to the explosive growth in `Net-related jobs by launching its Dot.com Careers Zone, the most comprehensive online resource and community for job seekers looking to find and manage a dot.com career. In October, Monster.com marked its increasing expansion into the Asia Pacific region with the launch of Monster.com in Singapore at www.monster.com.sg. Other new sites launched in 1999 included Belgium (Monster.be) and France (Monster.fr). In addition, there are plans for 11 more sites to be launched during 2000, bringing the total number of sites to 20 by the end of the year. On September 23, 1999, to help job seekers find and evaluate international jobs, Monster.com launched the Monster International Zone. The site is geared toward those job seekers who want to work in other countries. On July 4, 1999, Independence Day, Monster.com tapped into a growing segment of the workforce by launching Monster Talent MarketSM the world's first real-time auction-style marketplace for free agents. Since its debut, Monster Talent Market(SM) has demonstrated explosive popularity, servicing more than 160,000 contractors with an average of over 44,000 live auctions each day. This long list of achievements did not go unnoticed by the media, or by leading marketing organizations. Monster.com CEO and President Jeff Taylor was named one of Brandweek's 'Marketers of the Next Generation.' Monster.com's "When I Grow Up" TV commercial was the only commercial named to Time magazine's list of the "Best of Television of 1999." TV Guide named the commercial as one of the 10 funniest Super Bowl ads ever (January 29, 2000). In addition, the commercial was a gold winner at the Francis W. Hatch Awards, a silver lion winner at the Cannes Film Festival Cannes Film Festival Film festival held annually in Cannes, France. First held in 1946 for the recognition of artistic achievement, the festival came to provide a rendezvous for those interested in the art and influence of the movies. , a gold winner at the 1999 Account Planning "Account Planning is the discipline that brings the consumer into the process of developing advertising. To be truly effective, advertising must be both distinctive and relevant, and planning helps on both counts. Group (APG APG Assists Per Game (basketball) APG Assists Per Game (hockey statistic) APG Aberdeen Proving Ground APG Automated Password Generator APG Asia Pacific Group on Money Laundering ) Awards, and was selected to be exhibited in the Communication Arts Advertising Annual edition. TMP's Interactive Division, along with Monster.com, also garnered a number of awards in 1999, including best-in-category rankings in 1999 PC Magazine's 'The Top 100 Web Sites'; U.S. News & World Report's 'News You Can Use; Personal Tech--The Best of the Web Gets Better'; Newsweek's 'Money, News, Occupation'; Boston Magazine's 'Best Places to Work'; and Yahoo! Internet Life's '100 Best Sites for 2000'. "Monster.com has an unwavering commitment to create new and unique services to keep our audiences engaged and to advocate for job seekers by giving them the best tools and information possible to achieve their career potential," said Mr. Taylor. "Our exceptional managers and employees understand that in today's competitive Internet marketplace See vertical portal and Web hub. , the only way to build on incredible milestones like those we had in 1999, is to continue our record of world class innovation and service. We are very excited about the ideas we have in development for 2000 and beyond." About TMP Worldwide Founded in 1967, TMP Worldwide, now with more than 7,200 employees in 25 countries, is the on-line recruitment leader, the world's largest recruitment advertising You can improve this article by adding links to related material, within the existing text. After links have been created, remove this message. For more information, see the . New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , 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. Monster.com (www.monster.com), the flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. of the Interactive Division of TMP Worldwide, is the leading global career portal on the Web with a 5.3% reach among all World Wide Web users according to the January 2000 Media Metrix report. 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 States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , United Kingdom, Australia, Canada, the Netherlands, Belgium, New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. , Singapore and France. 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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. |
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