Monster Worldwide Scandinavia AB, a subsidiary of Monster
Worldwide (NASDAQ: MNST), today announced that it has acquired all the
outstanding shares of Norwegian online career sales company
Arbeidskamerater AS. Consistent with Monster Worldwide Europe's
overall corporate strategy, the acquisition of Arbeidskamerater AS
will enable Monster.no to expand within the growing Norwegian online
career market.
Founded in 2004 as a sales agent for Monster Worldwide in Norway,
Arbeidskamerater AS successfully increased the number of jobs
available on the Norwegian Monster website from 1,100 in January 2006
to 3,000 in January 2007. Following the acquisition, Arbeidskamerater
AS will change its name to Monster Worldwide Norway AS, and Stein-Erik
Myhre will continue as business manager of the company.
"Norway is a very attractive market for investment because of its
highly-favourable economic and labour conditions," said Marc de Vries,
managing director, Monster Northern Europe. "By acquiring
Arbeidskamerater AS, we will solidify our position within the
Norwegian online recruitment market, improving our ability to invest
aggressively for growth in 2007 and beyond."
Monster Europe operates Monster-branded sites across 20 countries,
including: Austria, Belgium, Czech Republic, Denmark, Finland, France,
Germany, Hungary, Ireland, Italy, Luxembourg, The Netherlands, Norway,
Poland, Spain, Sweden, Switzerland and the United Kingdom.
About Monster Worldwide
Monster Worldwide, Inc. (NASDAQ: MNST) parent company of
Monster(R), the premier global online employment solution for more
than a decade, strives to bring people together to advance their
lives. With a local presence in key markets in North America, Europe,
and Asia, Monster works for everyone by connecting employers with
quality job seekers at all levels and by providing personalized career
advice to consumers globally. Through online media sites and services,
Monster delivers vast, highly targeted audiences to advertisers.
Monster Worldwide is a member of the S&P 500 Index and the NASDAQ 100.
To learn more about Monster's industry-leading products and services,
visit www.monster.com. More information about Monster Worldwide is
available at www.monsterworldwide.com.
Safe Harbor
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/A and other filings made
with the Securities and Exchange Commission.
