HireRight and Monster Sign Alliance Agreement
Leaders in On-Demand Employment Screening and Online Recruitment Collaborate to Make Background Screening Solutions Available on Monster.com
Irvine, Calif. and Maynard, Mass. -- July 31, 2008 -- HireRight, Inc. (NasdaqGM:HIRE), a leader in on-demand employment screening solutions, and Monster(R), the leading global online careers and recruitment resource and flagship brand of Monster Worldwide, Inc. (NASDAQ: MNST), today announced an agreement to make background screening services available to Monster customers. The integrated solution is designed to provide Monster customers an intuitive online experience and access to a range of background screening services, including criminal records checks, employment verifications, sex offender registry checks and motor vehicle records checks.
According to Eric Boden, chairman and chief executive officer, HireRight, Inc., "We're excited to partner with Monster, an established leader and innovator in the online employment solutions arena. This alliance is intended to support the goals of Monster and HireRight by helping employers find high quality job candidates and easily verify the credentials presented by those candidates, all from a single user platform."
Through the planned integrated solution, Monster will offer employers the opportunity to purchase HireRight background screening services as part of their current candidate management experience on Monster.com. Monster customers will be able to identify the best job candidates, accelerate time-to-hire by reducing screening time, and improve efficiency through reduced administrative tasks.
"Aligning with HireRight builds upon our promise to provide employers with the tools and solutions to help improve their recruitment efficiency and complete the hiring process with confidence," said Mark Stoever, Executive Vice President, Monster. "We believe HireRight's leading employment screening solutions will nicely augment Monster's wide range of category-leading recruitment offerings, and are pleased to be able to offer our customers these background screening capabilities."
About Monster Worldwide
Monster Worldwide, Inc. (NASDAQ: MNST), parent company of Monster, the premier global online employment solution for more than a decade, strives to inspire people to improve their lives. With a local presence in key markets in North America, Europe, and Asia, Monster works for everyone by connecting employers with quality job seekers at all levels and by providing personalized career advice to consumers globally. Through online media sites and services, Monster delivers vast, highly targeted audiences to advertisers. Monster Worldwide is a member of the S&P 500 index and the NASDAQ 100. To learn more about Monster's industry-leading products and services, visit www.monster.com.
About HireRight
HireRight is a leading provider of on-demand employment background and drug screening solutions that help employers efficiently implement, manage and control screening programs. Many companies, including more than 65 of the Fortune 500, trust HireRight because the company delivers customer-focused solutions that provide greater efficiency and faster results. HireRight also provides pre-integrated employment screening services through enterprise e-recruiting solutions from top providers such as Oracle/PeopleSoft, Taleo/Vurv, ADP/VirtualEdge and PeopleAdmin. HireRight's worldwide headquarters are located in Irvine, California with offices and affiliates around the globe. For more information, visit the company's web site at www.hireright.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: All statements included or incorporated by reference in this release may contain forward-looking statements based on HireRight's and Monster's current expectations, estimates and projections about their respective industries, managements' beliefs, and certain assumptions made by each company. Words such as ''anticipates,'' ''expects,'' ''intends,'' ''plans,'' ''believes,'' ''seeks,'' ''estimates,'' ''may,'' ''will'' and variations of these words or similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, any statements or implications contained herein regarding the future success of the alliance between HireRight and Monster, the expected functionality and ease of use of the alliance screening solutions, the expected solution value, or the success of each company's other products and services or their business or market positioning in general. Such statements speak only as of the date hereof and are subject to change. We undertake no obligation to revise or update publicly any forward-looking statements for any reason. These statements and implications are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Therefore, actual results could differ materially and adversely from those expressed or implied in any forward-looking statements as a result of various factors. Important factors that may cause such a difference include, but are not limited to the lack of acceptance and adoption of HireRight's screening services or its other products and services by Monster customers, technical or other difficulties in the implementation or functionality of the Monster alliance, including the integration of screening solutions with Monster, and the general economic and political conditions that may impact operations and revenues. Further information on HireRight, Inc., including additional risk factors that may affect our forward-looking statements, is contained in our Annual Report on Form 10-K for our fiscal year ended December 31, 2007, and in our other SEC filings that are available through the SEC's website (www.sec.gov). Further information on Monster Worldwide, Inc. including additional risk factors that may affect our forward-looking statements, is contained in our Annual Report on Form 10-K for our fiscal year ended December 31, 2007, and in our other SEC filings that are available through the SEC's website (www.sec.gov).
# # #
(C) Copyright 2008 HireRight, Inc. All rights reserved. HireRight is a registered trademark of HireRight, Inc. Monster is a registered trademark of Monster Worldwide, Inc.
For more information:
Lindsay Thompson
Strategies (for HireRight)
714-957-8880, ext. 128
lindsay@strategiesadpr.com
Steve Sylven
Monster
978-461-8503
Steve.sylven@monster.com
