NEW YORK--(BUSINESS WIRE)--Oct. 30, 2006--Monster Worldwide Inc,
(NASDAQ:MNST) today announced that Andrew J. McKelvey has resigned
effective immediately as a member of the Board of Directors and as
Chairman Emeritus. Mr. McKelvey's counsel advised the Special
Committee of the Board reviewing stock option grants that Mr. McKelvey
had declined to be interviewed on the previously scheduled date and
would not provide assurance that he would appear at a later date.
About Monster Worldwide
Founded in 1967, Monster Worldwide, Inc. is the parent company of
Monster(R), the leading global online careers and recruitment
resource. Headquartered in New York with approximately 4,600 employees
in 35 countries, Monster Worldwide (NASDAQ: MNST) is a member of the
S&P 500 Index and NASDAQ 100. More information about Monster Worldwide
is available at www.monsterworldwide.com.
Special Note: Safe Harbor Statement Under the Private Securities
Litigation Reform Act of 1995: 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 Monster Worldwide,
Inc.'s strategic direction, prospects and future results. Certain
factors, including factors outside of Monster Worldwide's 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 Monster Worldwide operates, risks associated
with acquisitions, competition, seasonality and the other risks
discussed in Monster Worldwide's Form 10-K and other filings made with
the Securities and Exchange Commission, which discussions are
incorporated in this release by reference.
CONTACT: Monster Worldwide, Inc.
Robert Jones, 212-351-7032
Kathryn Burns, 212-351-7063
SOURCE: Monster Worldwide, Inc.