232% increase - 02/2001

jobpilot.com has announced preliminary financial results for its fourth quarter and full year ended December 31, 2000. Revenues for the quarter were Euro 11.2 million, an increase of 211% over Euro 3.6 million in the fourth quarter of 1999. Revenues for the 12 months ended December 31, 2000 amounted to Euro 33.5 million, an increase of 232% over Euro 10.1 million in 1999. Group net loss in the fourth quarter 2000 was Euro 9.3 million, compared with Euro 1.2 million in the fourth quarter of 1999. Group net loss for the full year 2000 was Euro 28.3 million compared to Euro 5.4 million in 1999. German operations achieved revenues of Euro 8.3 million for the quarter and Euro 26 million for the full year 2000, which constitutes an increase of 159% over fourth quarter 1999 and an increase of 186% over full year 1999. For the fourth consecutive year operations were profitable in Germany.

In 2000 jobpilot maintained its clear market leader position (based on revenues) in Germany, the largest and most attractive market in Europe, while successfully rolling out its business model across Europe. The expansion of the jobpilot brand continued with independent studies in some key markets confirming jobpilot brand awareness levels higher than its pan European competitors. With the acquisition of Virtual Village during the 4th quarter, jobpilot positioned itself to own the recruiters' desktop with its new recruitment workflow solution.

jobpilot offered excellent content via Communities and Channels attracting high quality candidates. Continued growth in key operational metrics confirmed the success of this strategy. Registered users grew from 633,000 in Q3 to 840,000 in Q4 2000, the highest of any career portal in Europe.

2000 represented a milestone in Company history as we completed the build-up of our European career network, said Dr. Roland Metzger, CEO of jobpilot AG. Our long term prospects for success in the online recruitment market are excellent. With our strong product portfolio and new products and services, including our recruitment workflow solution, we are well positioned to continue to be a leader in online recruitment in Europe.

We are very pleased that we were able to triple revenues in 2000 yet again given the competitive market environment, said Rebecca Polley, CFO. In 2001 our focus clearly is to steer the group to profitability and our cash position of Euro 35 million will provide sufficient funding to reach that goal.

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