NEW YORK--(BUSINESS WIRE)--June 12, 2006--Monster Worldwide, Inc.
(NASDAQ: MNST), the parent company of Monster, the leading global
online careers and recruitment resource, today announced that the
company has been served with a subpoena from the United States
Attorney for the Southern District of New York relating to stock
option grants. Monster Worldwide intends to cooperate fully in this
matter.
The Company previously announced that a committee of independent
members of its Board of Directors has been conducting an internal
review and analysis of all stock option grants previously issued by
the Company. The committee of independent directors has retained
independent outside legal counsel to assist in this matter.
About Monster Worldwide
Founded in 1967, Monster Worldwide, Inc. is the parent company of
Monster(R), 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.
Special Note: 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 the Company's strategic direction,
prospects and future results. Certain factors, including factors
outside of our 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 we operate,
risks associated with acquisitions, competition, seasonality and the
other risks discussed in our Form 10-K and our other filings made with
the Securities and Exchange Commission, which discussions are
incorporated in this release by reference.
CONTACT: Investors and Media:
Monster Worldwide:
Robert Jones, 212-351-7032,
bob.jones@monsterworldwide.com
Weber Shandwick:
Peter Duda, 212-445-8213,
pduda@webershandwick.com
SOURCE: Monster Worldwide, Inc.
