TMP Worldwide Makes Five Acquisitions

TMP Worldwide in New York City, operator of the Monster Board and other job
recruitment sites, acquired the yellow page advertising unit of Earle Palmer
Brown.


And the company continued to consolidate the recruitment advertising industry
with the acquisition of four international recruitment advertising agencies
including Media Partners of New Zealand, Lorraine Jones & Associates Limited
of the United Kingdom, Thirty Dogs, S.A. of France, and De Bussy B.V. of the
Netherlands.


The five acquisitions are expected to add approximately $6.0 million in
annualized commissions and fees for TMP. Financial terms of the deals were
not disclosed.


“Each of these acquisitions is significant in its own right and together they
represent the company’s overriding goal of expanding our worldwide
infrastructure and leading the industries in which we do business,” said
Andrew J. McKelvey, chairman and CEO of TMP Worldwide.


Currently, approximately 30% of all national yellow page advertising is
placed through TMP, the company claims. Earle Palmer Brown Yellow Pages,
based in Philadelphia, has 11 employees and clients that include Dollar
Rent-A-Car Systems and Integrated Health Services.


TMP has been actively expanding its worldwide recruitment advertising
infrastructure as well, making 11 acquisitions, including the four announced
today, in the past 12 months.


TMP Worldwide has more than 2,800 employees in 11 countries. The company’s
Internet offerings include The Monster Board, Online Career Center (OCC), the
Internet’s earliest career site; MedSearch, an online “help
wanted” service for the health care industry; and Be the Boss, a provider of
information on franchise opportunities.

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