AOL, Monster.com Form $100 Million Alliance

America Online Inc. Thursday teamed with
online careers network Monster.com in a four-year, $100 million
career management resources pact.

Monster.com, the flagship brand of TMP
Worldwide Inc. (TMPW), will lend its services across seven AOL (AOL)
brands.

Monster.com will become the exclusive career-search across AOL, AOL Canada,
AOL.COM, CompuServe, ICQ, Netscape Netcenter and Digital City, offering instant access
to Monster.com’s global jobs database of over 260,000 opportunities, its
industry-leading resume builder and 700-plus pages of career content.

Advice and services from Monster.com will be featured daily on the AOL
properties, including the heavily trafficked main screen of the WorkPlace
Channel. Content from Monster.com also will be featured in the Channel’s
industry areas, where professionals in a variety of fields meet, trade and
conduct research online.

The two companies will create co-branded sites, allowing members and
visitors to AOL’s Web-based properties to: search for jobs, utilize job
search agents, and, in many cases, apply online, submit resumes online,
personalize the area to help with their job search and research companies
offering jobs.

Monster.com also will make available exclusive offerings to AOL users, such
as job fairs and live chats with career consultants.

In addition, recruiters can use these co-branded sites to post available
jobs, search Monster.com’s pool of more than 2 million resumes, pre-screen
candidates, and maintain private and confidential lists of top candidates.
They can register to be e-mailed when a matching resume is posted to the
area and candidates can apply for their positions online.

“Our relationship with America Online will bring our career expertise to
the largest Net audience and will give millions more career opportunists
and recruiters access to the information and tools to find dream jobs and
dream candidates,” Jeff Taylor, Monster.com’s chief executive officer.

The companies plan to launch the new co-branded sites in the coming months,
and will engage in significant cross-promotion both on-line and off-line.