Company to Begin Trading Under New Nasdaq Ticker Symbol MNST
TMP Worldwide Inc. (Nasdaq: TMPW) has announced the change of its corporate name to Monster Worldwide, Inc., effective May 1, 2003. In addition, on May 1 the company's Nasdaq ticker symbol will change to MNST and its corporate website address will become www.monsterworldwide.com
Peter Dolphin, CEO Europe, TMP Worldwide commented, Changing our name to Monster Worldwide is a clear sign that our full focus is now on maximizing the potential growth and value of Monster. In 1994, TMP purchased Monster to bring an Internet arm to an established, traditional recruitment business. Nearly ten years on, Monster has grown to become a key driver of our business. With the spin-off of our staffing and search divisions, Monster is poised to leverage its synergies with our other two dynamic businesses, which are category leaders in their own rights and have long made significant contributions toward fuelling Monster's growth and enhancing its leadership position.
The company's three core business units will retain the equity of their sub-brands and continue to operate as Monster, TMP Worldwide Advertising & Communications and TMP Worldwide Directional Marketing, respectively. The decision to have Advertising & Communications and Directional Marketing keep the TMP Worldwide brand reflects the strong recognition and high level of trust associated with it in the recruitment advertising and Yellow Pages industries. In addition, both of these units will soon carry the added brand endorsement of a division of Monster Worldwide to more clearly link them back to the parent company.
Andrew McKelvey, Chairman and Chief Executive Officer of TMP Worldwide concluded, We firmly believe that operating as Monster Worldwide will enable everyone to draw a more intuitive connection between our many service offerings and our parent company, and thus create broader opportunities for the company as a whole.
About Monster Worldwide
Founded in 1967, Monster Worldwide, Inc., (formerly TMP Worldwide Inc.) is the online recruitment leader and the parent company of Monster, the leading global careers website. Monster Worldwide is also the parent company of TMP Worldwide Advertising & Communications, one of the world's largest Recruitment Advertising agency networks, and TMP Worldwide Directional Marketing, the world's largest Yellow Pages advertising agency and a provider of direct marketing services. Headquartered in New York with approximately 4,500 employees in 19 countries, the Company's clients include more than 90 of the Fortune 100 and more than 490 of the Fortune 500 companies. Monster Worldwide (Nasdaq: MNST) is a member of the S&P 500 Index. More information about the company is available at
TMP Worldwide Changes Corporate Name to Monster Worldwide, Inc.
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