CareerMagazine Joins Restrac's WebHire Network; Largest Open Recruiting Network Enhanced By Addition Of Leading Internet Job-Seeker Services Provider.LEXINGTON, Mass.--(BUSINESS WIRE)--July 30, 1998--Restrac, 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 :RTRK), the leader in networked recruiting solutions, today announced that CareerMagazine, publisher and manager of a leading Internet recruiting This article or section may contain original research or unverified claims. Please help Wikipedia by adding references. See the for details. This article has been tagged since September 2007. site, CareerMag.com, has become a member of the WebHire Network. Focused on providing services to job seekers job seeker also job·seek·er n. One who seeks employment. , CareerMag.com averages over 300,000 user sessions A count of how many times all users access a Web site regardless whether the same person came back several times during the measurement period. If a user leaves and returns within a short time, some systems count those sessions as one. Contrast with unique visitors. See also user session. per month. The WebHire Network provides integrated access to more than 100 leading job-posting sites, resume pools and other Internet recruiting services. Restrac customers, who currently fill more than 300,000 jobs per year, will soon be able to post their jobs directly to the CareerMag.com site. "Recruiters from organizations of all sizes are eager to take advantage of the wealth of recruiting services available on the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the ," said Tim McManus Tim McManus is a fictional character on HBO's prison drama Oz, played by Terry Kinney. Character overview McManus, the idealistic manager of Emerald City, is unlike the rest of the staff members at Oz as he has never been a CO, has a college education, and generally , vice president, Internet Products at Restrac. "However, they are being challenged by the process of maintaining individual relationships with Internet recruiting vendors. By creating a consistent interface to an open network of Internet recruiting services, Restrac is helping recruiters take a more strategic approach to their hiring processes. By joining the WebHire Network, CareerMag.com positions itself as a more valuable resource for employers. Recruiters using the WebHire Network will now be able to put their open jobs in front of the hundreds of thousands of candidates that visit CareerMag.com each month." "At CareerMagazine, our goal is to be the most informative and effective employment related site on the Internet," said Wayne Anderson Wayne Anderson (born July 16, 1968 in Lakeland, Florida) is a racecar driver. He ran the NASCAR NEXTEL Cup Series tour part-time in 2005, and his plans for 2006 are unknown. , vice president of business development at CareerMagazine. "Over 300,000 job seekers visit CareerMag.com each month to search an extensive job postings database. Through our partnership with the WebHire Network, these potential candidates will gain access to job postings from Restrac's growing customer base of the most highly recognized corporations. The addition of job postings from Restrac's blue-chip client base will make our site even more popular with job seekers." About The WebHire Network The WebHire Network provides HR professionals with desktop access to a broad range of Internet resources to post jobs, search resumes and manage other recruiting activities. More than 100 leading job-posting sites, resume pools and other key recruiting services have signed on to be part of the WebHire Network, making it the industry's most comprehensive solution. The WebHire Network will make Internet recruiting more efficient for organizations of all sizes by reducing the administrative burdens associated with managing multiple recruiting vendor relationships. The only integrated, end-to-end end-to-end a pattern of anastomosis in which severed ends are matched and united, in contrast with other patterns such as end-to-side or side-to-side. Usually applied to anastomosis of the intestine. service, the WebHire Network will provide candidate searching and management, hiring functions, success measurement and consolidated billing from one simple, easy-to-use desktop application. Customers will be able to access the WebHire Network through either a standard Web browser The program that serves as your front end to the Web on the Internet. In order to view a site, you type its address (URL) into the browser's Location field; for example, www.computerlanguage.com, and the home page of that site is downloaded to you. or any of the latest releases of Restrac's recruiting solutions. The basic subscription service will include access to more than 100 job posting boards and 25,000 resumes continually con·tin·u·al adj. 1. Recurring regularly or frequently: the continual need to pay the mortgage. 2. updated by third-party resume pool partners (PartnerPools(SM)). Restrac PartnerPools are available now through Web browser access. Job postings, other recruiting services, and direct access to the Network from existing Restrac solutions will become available during the second half of 1998. The WebHire Network subscription prices have not been announced. About CareerMagazine CareerMagazine (www.CareerMag.com) is one of the leading employment centers on the World Wide Web. Since its launch in 1994, CareerMag.com has delivered comprehensive employment information to thousands of readers each month. CareerMagazine has consistently provided employers with top notch notch (noch) incisure; an indentation on the edge of a bone or other organ. aortic notch dicrotic n. cardiac notch 1. candidates in an effort to help recruiters meet their employment needs. About Restrac, Inc. Restrac is the leading provider of integrated recruiting solutions including the WebHire Network, an open network of Internet recruiting services. The WebHire Network uses the Internet to create a single connection between Restrac customers and an expanding network of more than 100 Internet recruiting partners providing job posting services, searchable pools of candidate resumes and other essential recruiting services. Restrac partners include CareerBuilder Inc., CareerMagazine, JWT JWT J. Walter Thompson (agency) JWT Java Windows Terminal JWT Just War Theory JWT Jim Wolf Technology JWT Java Workflow Tooling JWT John Wayne Trail (US Army Yakima Training Center) JWT Justified War Theory Specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. Communications, The Monster Board, RecruitUSA and Resume-Link. Restrac offerings combine software, services and the Internet to create end-to-end recruitment solutions that streamline the way jobs and workers are connected. More than 325 companies worldwide employ Restrac's client/server, intranet or Internet-based recruiting solutions. Among these customers are American Express American Express (NYSE: AXP), sometimes known as "AmEx" or "Amex", is a diversified global financial services company, headquartered in New York City. The company is best known for its credit card, charge card and traveler's cheque businesses. , AT&T, Millennium Pharmaceuticals Millennium Pharmaceuticals NASDAQ: MLNM is a biotechnology company based in the Cambridge, Massachusetts area of the United States of America. Founded in 1993, the company conducts research in various scientific areas, currently focusing on inflammation and oncology. and Microsoft. Restrac Hire for Intranet brings the most flexible, enterprise-wide solution on the market to corporate intranets and connects the corporate recruiting process to the Internet. Restrac WebHire is a unique browser-based solution designed to meet the unique needs of rapidly growing organizations by combining WebHire Network access with quality candidate management and resume processing in a unique outsourced service delivered over the Internet. More information about Restrac recruiting solutions is available on the World Wide Web at www.restrac.com or by calling 1-877-RESTRAC. Restrac is a registered trademark of Restrac, Inc., and Hire and Candidate Finder are trademarks of Restrac, Inc. WebHire and PartnerPools are service marks of Restrac, Inc. All other products or services mentioned may be trademarks or registered trademarks of their respective owners. This press release contains 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. within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results and performance could differ materially from those set forth in the forward-looking statements. Certain factors that might cause such a difference include market acceptance of strategic relationships, new products and services, changes in technology and industry standards, the continuation of certain strategic relationships, increased competition, continued upgrading of the Company's products, future demand for staffing software and related services, and end-user acceptance of the Company's products and services and those of its competitors.
CONTACT: Restrac, Inc.
Anna Mooney
(781) 869-5000
annam@restrac.com
or
The Weber Group
Scott Bauman/Hilarie Lally
(617) 441-4000 ext. 236/244
sbauman@webergroup.com
hlally@webergroup.com
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