New Delhi, Delhi, India
Monster India has reported substantial growth in the job seeker traffic and new resumes received, after the launch of the new product in February and the new "caught in the wrong job?" advertising campaign in April. Monster India has experienced growth in resumes in June '06 three times that of the average 3 months prior to the new product launch in February '06 i.e., November 2005, December 2005 and January 2006. The zooming job seeker preference is also seen in the significant rise in job applications that went through Monster India - the applications through the site grew more than 20 times in June 2006 as against the average of the three months before the product launch.
Commenting on the growth, Mr Arun Tadanki, President, Monster.com (India, Hong Kong and Singapore) said, "We are delighted with the results. Our innovation in the design of a search engine that has re-defined search in our category along with the simplicity of the core idea behind our television commercial propelled the significant growth in the traffic of jobseekers. Employers using Monster can benefit from this rapid increase in traffic and resumes"
Talking of future plans, Mr Tadanki said, "Monster India will continue to focus on innovating with new products and technology, which will further enhance our value proposition to the jobseekers and the employers. We will continue to invest in brand building activities for Monster to continuously improve the value delivered to our customers."
About Monster Worldwide
Founded in 1967, Monster Worldwide, Inc. is the parent company of Monster®, the leading global online careers and recruitment resource. The company also owns TMP Worldwide, one of the largest Recruitment Advertising agencies in North America. Headquartered in New York with approximately 4,300 employees in 25 countries, Monster Worldwide (NASDAQ: MNST) is a member of the S&P 500 Index and the NASDAQ 100. More information about Monster Worldwide is available at www.monsterworldwide.com.
About Monster India
Monster has been present in India since March 2001. Headquartered in Hyderabad, Monster is present in 7 other cities viz., Mumbai, Delhi, Bangalore, Chennai, Pune, Kolkata and Ahmedabad.
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 and other filings made with the Securities and Exchange Commission, which discussions are incorporated in this release by reference.
Arun Shaw, IPAN, +91(011) 4249 2100 ashaw@ipan.com
Archana J Sharda, IPAN, +91 (011) 4249 2100 archana@ipan.com
Source: Monster India Pvt. Ltd. (Business Wire India)
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