PR Newswire
(Copyright (c) 2000, PR Newswire Association, Inc.)
NEW YORK, Dec. 18, 2001 (PR Newswire)

HotJobs.com Ltd. (Nasdaq: HOTJ), a leading internet recruiting solutions provider, today announces the launch of AgencyExchange (www.agencyexchange.com), a unique online exchange between staffing agencies and corporate hiring managers. The new exchange is part of HotJobs' continuing commitment to provide the recruiting industry with premier, pioneering technology and services.

AgencyExchange is a new exchange designed exclusively for hiring managers and recruiters. As a distinct B-2-B exchange, AgencyExchange provides staffing agencies advanced tools to more effectively market candidates to corporate hiring managers. AgencyExchange operates independently of the popular, consumer-focused HotJobs.com site. Headhunters and staffing agencies are still not allowed to post jobs on the HotJobs.com site, nor are they able to search its resume database.

AgencyExchange offers staffing agencies and headhunters access to corporate recruiters at thousands of the world's best companies, thus enabling them to market and place candidates more quickly and efficiently than ever before. Agencies will create profiles detailing contact information, areas of industry focus, working fees, and related facts. Agencies can create folders to organize and store candidate information, track candidate submissions to clients, check on client's needs for candidates, and more. AgencyExchange will enable headhunters to capitalize on their inventory of applicants by marketing them to the 12,000 corporate recruiters using HotJobs' online employment marketplace.

"HotJobs'AgencyExchange presents a win-win solution for all parties," said Jeremy Schulman, Senior Executive Recruiter at Lucas Group, a national recruitment firm. "The Exchange gives corporate recruiters access to agencies' wide range of candidates and enables agencies to market their full scope of candidates in the most effective and dynamic way I've seen. This exchange completely redefines the recruiting landscape and will certainly change the way we -- and corporate recruiters - do business."

AgencyExchange's vendor management tools enable corporate hiring managers to transfer all off-line activities with headhunters to one comprehensive online system and effortlessly track all interactions with vendors. Features include personalized vendor folders, detailed records of all agency interaction, history of activity on job postings, and advanced applicant tracking capabilities.

"Corporate hiring managers have traditionally struggled with managing multiple staffing agencies and headhunters. At the same time, headhunters and staffing agencies continue to use time-consuming, inefficient processes to market candidates. AgencyExchange will offer both parties incredible value and unprecedented efficiencies, making their business more organized and effective," said Richard Johnson, CEO, HotJobs. "HotJobs is committed to providing innovative recruiting solutions that will continue to shape and change the way companies do business."

About HotJobs.com Ltd.

HotJobs.com Ltd. is a leading internet recruiting solutions company that develops and provides companies with innovative recruiting solutions and services. HotJobs.com (http://www.hotjobs.com), the company's popular consumer job board, provides a direct exchange of information between opportunity seekers and employers. The site is the internet's largest headhunter-free employment exchange and includes features such as HOTBLOCK, which enables job seekers to block specific companies from searching their resumes. Over 8,100 companies subscribe to the HotJobs.com online employment exchange. HotJobs.com Ltd. also provides employers with progressive recruiting solutions such as its Resumix(R) and Softshoe(R) proprietary hiring management software, Strategic Consulting Services, WorkWorld(TM) career expos, and AgencyExchange, a newly- launched marketplace which provides a direct, business-to-business exchange between corporate hiring managers and staffing agencies.

"Safe Harbor" Statement Under The Private Securities Litigation Reform Act: Statements in HotJobs.com's release that are not strictly historical are "forward looking" statements which are subject to the many risks and uncertainties that exist in the Company's operations and business environment. These risks and uncertainties include, but are not limited to, the Company's limited operating history, history of losses and anticipation of continued losses, potential volatility of quarterly operating results, the ability to successfully implement the Company's expansion plans, risks related to the internet, risks related to legal uncertainty and other risks which are set forth in more detail in the Company's most recent report on Form 10-Q filed with the Securities and Exchange Commission on November 14, 2000, as well as other reports and documents filed from time to time with the Securities and Exchange Commission.