Headhunter.net
Selected as Sole Provider of Job Listings On Yahoo! Careers; Agreement
Creates One of the Most Comprehensive Career Destinations on the
Web
ATLANTA--(BUSINESS
WIRE)--March 7, 2001--Headhunter.net (Nasdaq:HHNT), a leading
online job awareness and recruiting site, today announced an agreement
to collaborate with Yahoo! Inc. (Nasdaq:YHOO), a leading global
Internet communications, commerce and media company. Under the
agreement, Headhunter.net has been chosen as the sole provider
of job listings for Yahoo!(R)Careers (http://careers.yahoo.com).
The relationship pairs Yahoo! Careers' robust tools and services
with Headhunter.net's high quality job listings to offer Yahoo!
consumers a one-stop-shop for career management. Headhunter.net
has also issued Yahoo! a warrant to purchase shares of its stock.
Terms of the agreement were not disclosed.
"Employers
look to Headhunter.net for exposure and access to the highest
quality and quantity of job seekers in the market," said
Bob Montgomery, president and CEO, Headhunter.net. "We are
thrilled to team up with Yahoo! Careers to give U.S.-based companies
access to one of the largest networks of job seekers on the Web."
"Through
our relationship with Headhunter.net, Yahoo! Careers is now one
of the most comprehensive career destinations on the Web,"
said Ellen Siminoff, senior vice president of small business,
Yahoo!. "By listening to both job seekers and employers,
we continue to build enhancements to make Yahoo! Careers more
essential to business and consumers. Headhunter.net's job listings
are a great addition to the tools and services we currently offer."
The
combination of Headhunter.net and Yahoo! Careers provides job
seekers and employers with one of the largest career resource
sites available on the Internet. Job seekers benefit from Headhunter.net's
high quality job listings as well as easy access to a resume building
resource center, salary comparisons, expert advice and other career
management tools through Yahoo! Careers. Seamless integration
allows employers increased exposure for their jobs and access
to millions of resumes through both Yahoo! Careers and Headhunter.net.
"Headhunter.net's
focus on building one of the largest sales teams with unparalleled
commitment to customer service, helps set us apart from our competitors,"
added Montgomery. "Through this agreement with Yahoo! Careers,
we have taken huge strides in providing employers with one of
the most powerful recruiting tools available today."
As
one of the leading recruiting destinations on the Web, Yahoo!
Careers offers a one-stop-shop for career management. Yahoo! Careers
brings information and services together in one location, empowering
job seekers to fulfill their career aspirations and enabling companies
to fill positions with qualified candidates more efficiently.
Yahoo! Careers also provides consumers with a comprehensive resume
builder; career-related news; in-depth industry and company advice
for the college graduate or aspiring entrepreneur; salary calculators
and benefit information; relocation resources; networking forums
including chats, clubs, message boards; and employment experts.
About
Headhunter.net
Headhunter.net
(www.Headhunter.net)
is a leading national online recruiting and job awareness site,
empowering candidates and corporations to manage the job search
process. The site features more than one million resumes and hundreds
of thousands of jobs representing 10,000 of the nation's top employers
across virtually every industry. Attracting more than six million
job seeker visits a month, Headhunter.net distinguishes itself
by providing job seekers privacy when searching and applying for
jobs, and allows job seekers and job posters to manage and track
the visibility and performance of their listings. Headhunter.net
is based in Atlanta, GA with 16 additional offices nationwide.
Yahoo!
and the Yahoo! logo are trademarks and/or registered trademarks
of Yahoo! Inc.
All
other names are trademarks and/or registered trademarks of their
respective owners.
Forward-Looking
Statements
Some
of the preceding statements in this press release constitute "forward-looking
statements" within the meaning of the Securities Act of 1933,
as amended, and the Securities Exchange Act of 1934, as amended,
and the Company intends that such forward-looking statements be
subject to the safe harbors created thereby. Examples of words
indicating forward-looking statements include "believes,"
"expects" and "will". These forward-looking
statements reflect the Company's current views with respect to
future events and financial performance, but are subject to many
uncertainties and factors relating to the Company's operations
and business environment, including the availability of financing
on favorable terms, which may cause the actual results of the
Company to be materially different from any future results expressed
or implied by such forward-looking statements. Please see the
section entitled "Risk Factors" in Amendment No. 1 to
the Company's Form S-4 Registration Statement, filed with the
Securities and Exchange Commission on June 19, 2000, which is
incorporated by reference in this press release, for a list of
such uncertainties and factors. The Company undertakes no obligation
to publicly update or revise any forward-looking statement whether
as a result of new information, future events, or otherwise.
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