MAYNARD, Mass.--(BUSINESS WIRE)--Nov. 27, 2006--Monster(R), the leading global online careers and recruitment resource and flagship brand of Monster Worldwide, Inc. (NASDAQ: MNST), today announced relationships that will bring the most compelling combination of online and offline recruitment services to Northern New Jersey, Northern Pennsylvania and Honolulu, Hawaii. Monster continues to build significant momentum around its local market strategy by aligning with the North Jersey Media Group, owner of The (Bergen) Record, Herald News and 44 weekly newspapers, as well as the Wilkes-Barre Times Leader (serving Northern Pennsylvania) and the Honolulu Star-Bulletin to introduce co-branded sites featuring the company's industry-leading products and services. Monster's media alliances now touch 43 daily newspapers and eight television properties.
"Today's announcement marks another step forward in our localization strategy. Monster continues to pursue small and medium-sized businesses as one of our major areas of growth, and media alliances help us solidify and grow our presence in the regions where these companies are based," said Doug Klinger, president, Monster North America. "These alliances bring substantial value to both large and small regions as we leverage our combined expertise in their markets across the country."
"The relationships we are building are designed to be mutually beneficial and sustainable, and will deliver tangible results for the consumers and employers we serve, as well as the media companies who own and manage these local outlets," said Peter Newton, senior vice president and general manager, SMB, Monster. "Our first media alliance with Philadelphia Media Holdings has yielded strong results to date, including a 25 percent increase in the number of page views recorded on philly.com's career page, underscoring the synergy that is created when local expertise is coupled with our best-in-class products and services."
Employers in these markets can easily and cost-effectively implement recruitment strategies utilizing the best combination of print and online advertising. Monster also offers access to the world's largest resume database, which adds approximately 40,000 new resumes each day. In addition, Monster's hiring and talent management solutions enable businesses to optimize the recruitment process, saving time and money.
Job seekers in these markets can take advantage of the most advanced search and match technology, presented from a local perspective. Career-focused content, featuring expert advice, and tools such as a resume builder and salary center, will help give job seekers a competitive edge.
Newton continued, "Small and medium-sized businesses present a major area of growth for Monster. These alliances establish an immediate foothold in key local markets - bolstering our creditability with these employers, extending our brand in the cities and regions where they are based and underscoring our relevance among seekers."
The Wilkes-Barre Times Leader's co-branded site will launch in the coming weeks. The co-branded sites for the Honolulu Star-Bulletin and the North Jersey Media Group will be unveiled in January 2007.
Monster announced a similar relationship today with Freedom Communications, a leading privately owned diversified media company. The deal encompasses 36 newspapers across the country -including the The Orange County Register (Orange County, Calif.), The Gazette (Colorado Springs, Colo.) and the East Valley Tribune (Mesa, Ariz.) - and Freedom's eight television properties.
Founded in 1967, Monster Worldwide, Inc. is the parent company of Monster(R), the leading global online careers and recruitment resource. Headquartered in New York with approximately 4,600 employees in 35 countries, Monster Worldwide (NASDAQ: MNST) is a member of the S&P 500 Index and the NASDAQ 100. More information about Monster Worldwide is available at www.monsterworldwide.com.
Monster(R) is the leading global online careers and recruitment resource. A division of Monster Worldwide, Monster works for everyone by connecting quality job seekers at all levels with leading employers across all industries. Founded in 1994 and headquartered in Maynard, Mass., Monster has 34 local language and content sites in 32 countries worldwide. More information is available at www.monster.com or by calling 1-800-MONSTER. To learn more about Monster's industry-leading employer products and services, please visit http://info.monster.com.
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 Monster Worldwide, Inc.'s strategic direction, prospects and future results. Certain factors, including factors outside of Monster Worldwide's 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 Monster Worldwide operates, risks associated with acquisitions, competition, seasonality and the other risks discussed in Monster Worldwide's Form 10-K and other filings made with the Securities and Exchange Commission, which discussions are incorporated in this release by reference.