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Who We Are
Monster Worldwide, Inc. (NASDAQ- MNST) brings people together to advance their lives. We are the parent company of Monster�, the leading global online careers property, that has changed the way people look for jobs; the way employers look for people; and the way companies connect with their target audience.
We continue to define and expand an industry that did not exist a mere 10 years ago. Monster works for everyone by connecting quality job seekers at all levels with employers and providing the best career advice available online.
As the migration to the Internet continues, over 75 million of Monster's visitors have established personalized accounts that take advantage of our wide breadth of services, including our global resume database or proprietary job search agent technology, that enable them to better manage their careers. Monster Worldwide is consistently ranked among the top 20 most visited sites on the Internet.
With approximately 4,200 employees and operations in 36 countries, Monster Worldwide has an unparalleled international reach. We have aggressively expanded our global footprint, becoming the only pan-European recruitment website in 2004, entering developing markets such as India and China in 2005, and most recently launching Monster Mexico and Monster Gulf, spanning eight countries throughout the Middle East region.
Our global sales force, focusing on serving enterprise, small- and medium-sized businesses, along with our highly effective telesales team, is bringing Monster's solutions to customers worldwide. We also operate a highly successful self-service electronic business channel that continues to attract thousands of new customers each year.
As Monster's global footprint expands, we continue to focus on leveraging our multiple distribution channels to further extend our reach into local markets in the United States. Monster's strategic alliance with Philadelphia's hometown newspapers and leading local online site serving the nation's fourth largest metropolitan market supports our commitment to expand the online recruitment market, our distribution capability and allows us to serve more customers and job seekers effectively and efficiently.
In addition, through our broad portfolio of Web sites, Monster Worldwide now offers valuable online advertising space on category leading properties such as Tickle.com, Military.com, FastWeb, and Tickle Grapevine. These sites deliver a quality audience and the most sought after consumer demographics to companies looking to showcase their brand to their target audience at key points in their life.
Company History
Chairman and CEO Andrew J. McKelvey founded Telephone Marketing Programs (TMP) in 1967. With no capital and no clients, TMP began focusing on the niche market of U.S. Yellow Pages advertising sales and grew to become the world's largest Yellow Pages agency.
Seeking ways to expand its expertise, TMP entered into the recruitment advertising business in 1993 through strategic acquisitions. TMP Advertising & Communications quickly earned its place among the top recruitment advertising firms by offering comprehensive human capital solutions and through its reputation as an early adopter of interactive technology.
It was the pursuit of innovative technologies that led to the acquisition of two of the earliest pioneers in the online careers space - The Monster Board and Online Career Center (OCC) in 1995. These purchases would, of course, usher in a new era of growth for the company.
TMP Worldwide went public in 1996, and the career websites grew and eventually merged as Monster in 1999, adopting the friendly green monster Trumpasaurus as its icon. TMP Advertising & Communications was instrumental in driving Monster's early growth by encouraging its clients to leverage the power and efficiency of the Internet.
To convey its full focus on maximizing the potential growth and value of Monster, TMP Worldwide was officially renamed Monster Worldwide in 2003. To further align its business around Monster, the original Yellow Pages business was sold in 2005 and the sale of TMP Worldwide Advertising & Communications was completed in August of 2006. Monster and TMP Worldwide maintain a close working relationship and remain advocates for the continued expansion and advancement of the online recruitment advertising market.
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