Monster Worldwide Announces Strategic Acquisition of Tickle Inc.

Monster Worldwide, Inc. (NASDAQ: MNST), the parent company of the leading global online careers property, Monster(R), today announced the strategic acquisition of Tickle Inc. (www.tickle.com), the market leader in online career assessment testing, serving more than 18 million active members. The addition of Tickle’s popular interpersonal content and subscriber services in the areas of self-discovery, career assessment and social networking is expected to expand Monster’s subscriber base, enhance its career-related content and further fuel its viral marketing growth.

Tickle is the online leader in assessing, evaluating, scoring and matching people, attracting a large and loyal audience on the Web and consistently appearing in comScore Media Metrix’s Top 50 U.S. Internet Properties rankings. Tickle’s patent-pending matching methodology uses scientifically proven principles to assess job seekers’ personalities, interests and aptitudes, and direct them to the most compatible job opportunities. To date, the company has administered more than 250 million assessment tests to more than 50 million people, at an average rate of 50,000 career assessment tests per day, and has stored in its data warehouse more than seven billion questions answered by members.

Tickle has been profitable since the second quarter of 2002. Through April 30, 2004, trailing twelve-month revenue was approximately $25 million. Monster Worldwide anticipates that the transaction will be earnings neutral in 2004 and accretive in 2005. The consideration paid for the transaction consisted of one million shares of Monster Worldwide common stock, an initial cash payment of $29.5 million and a three-year payment of approximately $40-plus million, related to achieving certain financial objectives.

The majority of Tickle’s revenues are derived from consumer subscriptions with the balance consisting of online advertising revenues secured from top-tier advertisers. Tickle has also proven to be a strong viral marketing engine, as more than 200,000 e-mails from Tickle members are sent each day encouraging others to join.

The acquisition of Tickle brings a powerful new dimension to Monster, contributing proven consumer revenue-generating subscription offerings and unique interactive content that should enhance every site in our network of properties, said Andrew J. McKelvey, Chairman and CEO of Monster Worldwide. Tickle’s expertise in career assessment testing, networking and matching, combined with the viral nature of those businesses, dovetails perfectly with Monster’s vast user base. With scientific research at its foundation, Tickle adds yet another layer to Monster’s screening and hiring tools, providing recruiters a window into a candidate’s personality and work preferences that goes beyond past achievements to who they are and their fit within the hiring organization. As part of our long-term strategy, we have been committed to diversifying our revenue streams and to expanding our consumer online services. Tickle is the ideal business to help us achieve these goals.

The addition of Tickle’s services will enable job seekers on Monster to access a variety of career assessment tests ranging from Right Job, Wrong Job and Career Personality to Career Interest Inventory and The Corporate Culture Test to learn more about their aptitudes, job skills and career goals. Based on the test findings, job seekers will be able to better determine which job positions are the best fit based on their individual profiles.

Tickle is eager to join the online recruitment industry leader and introduce the benefits of our career assessment testing services to the millions of job seekers on Monster, said James Currier, founder and president of Tickle Inc. We look forward to offering content and services that will help Monster grow and expand, while further enhancing the Monster job seeker experience and strengthening its job matching capabilities.