New York, August 31, 2000 – HotJobs.com Ltd. (Nasdaq:HOTJ), a leading Internet-based recruiting solutions provider, announced today that it has significantly expanded its year-old relationship with About, Inc. (Nasdaq: BOUT), a leading network of comprehensive sites. The new agreement comprises content integration, co-branding, sponsorship and advertising.
Under the terms of the new agreement, HotJobs.com will continue as About’s exclusive provider of job search and resume posting services within About’s Jobs/Careers Channel; additionally, HotJobs.com branding and links to job listings and tools will be incorporated throughout About’s network of over 700 topic sites. HotJobs.com will be featured prominently on About’s Jobs/Careers channel page, the 48 GuideSites™ within the channel, as well as on other subject pages of the About GuideSites.
“Our renewed agreement with About is considerably more comprehensive and deeper in scope than last year’s deal, and more reflective of where we are in the marketplace now. HotJobs.com’s growth has allowed us to develop considerable relationships with some of the brightest players on the Web and extend our existing relationships, as we did with About,” said Richard Johnson, President and CEO of HotJobs.com. “We look forward to continuing this mutually rewarding relationship with About.”
“We’re excited that HotJobs was so pleased with their performance on About over the last year that they decided to extend and deepen our relationship,” said Scott Kurnit, Chairman and CEO for About, Inc. “This renewal is confirmation that our network is an efficient distribution platform for companies looking to reach large numbers of quality customers.”
HotJobs.com
HotJobs.com is a leading Internet-based recruiting solutions company that provides a direct exchange of information between job seekers and employers. Over 6,000 member employers subscribe to the HotJobs.com online employment exchange, http://www.hotjobs.com. HotJobs.com also provides employers with additional recruiting solutions, such as its Resumix, Softshoe and Shoelace proprietary hiring management software and its WorkWorld career expos and online advertising and consulting services. HotJobs.com recently completed an acquisition of Silicon Valley-based Resumix, Inc., which will combine HotJobs.com’s award-winning technology and Resumix’s enhanced hiring management systems.
"Safe Harbor" Statement Under The Private Securities Litigation Reform Act: Statements in HotJobs.com's release that are not strictly historical are "forward looking" statements which are subject to the many risks and uncertainties that exist in the Company's operations and business environment. These risks and uncertainties include, but are not limited to, the Company's limited operating history, history of losses and anticipation of continued losses, potential volatility of quarterly operating results, the ability to successfully implement the Company's expansion plans, risks related to the Internet, risks related to legal uncertainty and other risks which are set forth in more detail in the Company's most recent report on Form 10-Q filed with the Securities and Exchange Commission on August 14, 2000, as well as other reports and documents filed from time to time with the Securities and Exchange Commission.
About
The Human Internet™
About is the leading network of comprehensive vertical sites for users and marketers. The network includes more than 700 highly targeted environments, each overseen by a professional guide. Each vertical site provides a complete customer experience including the Internet's best link directories, original content, community features and commerce opportunities. Media Metrix (July 2000) ranks About.com as the 7th largest Web Property. More information on the company can be found on its Web site at http://about.com.
This news release contains forward-looking statements that involve risks and uncertainties regarding About. Investors are cautioned that such results or events predicted in these statements may differ materially from actual future events or results. Factors that could cause actual events or results to differ from anticipated events or results include the company's limited operating history, history of losses and anticipation of continued losses, potential volatility of quarterly operating results, and other risks that are contained in About's reports and documents filed from time to time with the Securities and Exchange Commission.