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Adecco SA, World Leader In Employment Services, Invests In Jobs.Com, The Fastest-Growing On-Line Recruitment Destination


Agreement positions Adecco to further develop online capabilities, broadens jobs.com's content, adds 1,000s of postings and extends reach into temporary services market. 
 

Chéserex, Suisse / Dallas TX, Jan 27, 2000 

Adecco SA, the world leader in employment services, today announced a strategic investment in jobs.com, Inc., the fastest-growing destination in on-line recruitment.

Under the terms of the deal, Adecco SA is acquiring approximately 5 percent of the equity in jobs.com, a privately held company, and is taking a seat on the jobs.com board of directors. In addition, the North American subsidiary of Adecco SA will be posting thousands of jobs listings on jobs.com's dynamic, recently redesigned website, with the companies working together to develop content and services tailored to the needs of people interested in temporary, contract and permanent positions. John Bowmer, Adecco SA's chief executive officer commented, "We are extremely pleased to form this partnership with jobs.com. We believe that the future of our business rests in combining the best of what the Internet has to offer with an established branch network to provide true end-to-end solutions for both employers and job seekers. We are convinced that jobs.com will be one of the long term successes on the Internet and a significant strategic partner of Adecco."

The alliance with jobs.com brings together the strengths of Adecco's core business in temporary work and career services with one of the most recognized URL's and brand names in Internet recruiting. In addition, Adecco customers will be able to tap into jobs.com's Resumail software, the most advanced digital solution for creating, delivering and managing resumes sent over the Internet.

"We are excited to be joining forces with Adecco and are looking forward to expanding our partnership throughout North America and internationally," said Timothy Armes, jobs.com founder and president. "Having Adecco as an investor and partner will bring significant employment expertise to the table. By working together we will be able to find more career options for people using our services and build on our Resumail software to create even more efficient ways to manage the hiring process across the Internet."

Dallas-based jobs.com has grown to become one of the leading Internet destinations for career advancement, since its launch as a Bulletin Board System in 1992. Today, jobs.com is focused on more than job postings by aggressively evolving into a resource that matches career-minded individuals determined to manage their destiny with companies desiring to win the battle for talent.

Adecco SA is the global leader in personnel services, connecting up to 450,000 associates with business clients each day through its network of over 20,000 employees and over 3,200 offices in 55 countries around the world. Registered in Switzerland, and managed by a multinational team with expertise in markets spanning the globe, Adecco delivers an unparalleled range of flexible staffing and career resources to corporate clients and qualified associates.

Adecco provides clients with staffing services and solutions covering all major industries as well as specific professions. The worldwide Adecco Brand network focuses on global industries in transition, including automotive, banking, electronics, logistics, and telecommunications. Adecco is also positioned as a worldwide leader in each of the major professional staffing segments with several world-class business lines: aoc (accountants on call) and Jonathan Wren for Finance, Banking and Accounting; Ajilon and Computer People for high-end Information Technology, TAD and Roevin for Engineering and Technical. These Adecco businesses provide their clients with a broad range of staffing solutions, from temporary work to permanent placement, to consulting and managed services. Adecco also offers a range of HR solutions with Econova/Lee Hecht Harrison, offering outplacement and career management services. Adecco clients retain this unique range of services through local, national and multinational contracts.

Adecco SA is listed on The Swiss Exchange [ADECCO N (ADEN-700'939], the Bourse de Paris [RM 12819] and NASDAQ [ADECY].

obs.com offers the only all-digital resume management system with its free Resumail software that is standardizing delivery of resumes over the Internet. jobs.com has recently received $72 million in funding from partners such as ideaLab Capital Partners and CBS. Its powerful new website, which attracts monthly more than 1.5 million visitors searching job listings from nearly 7,500 companies, also features career development content from well-known authors such as Tom Peters and Martin Yate. For more information, visit www.jobs.com.
 

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