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TheLadders Extends Market Share Lead in High-End Job Search Space


Executive Job Search Web Site and Electronic Newsletter Saw Sharp Growth Throughout 2004 and Q105

NEW YORK (May 5, 2005) - TheLadders.com, the country's largest online job search engine catering exclusively to the $100k+ employment market, today announced that it has extended its market share leadership in the high-end job search category. Now entering its third year of operation, TheLadders.com has claimed 57 percent of the total market share of Web visits in the high-end job search category* for April 2005, according to data provided by Hitwise, the world's leading online competitive intelligence service. The analysis was based on Internet visit patterns to a total of six high-end, online job search engines from December 2003 through April 2005.

TheLadders.com's market share of visits to these six high-end job sites has grown from just over 6 percent in January '04 to its current level of 57 percent (April 2005).

Company CEO Marc Cenedella attributes his company's continued success to its ability to consistently deliver more promising job leads than any other source. "We're not in the advertising business; we don't take money from recruiters or HR managers; we work for the job seeker. This allows us to do two things: 1) We can screen job listings very carefully and only post the solid prospects, and 2) We are able to post a vast number of jobs, not just those that a recruiter has paid us to list. Our customers have been quick to see the value in this approach."

TheLadders.com business model has been central to its success among high end job seekers. The company has turned the traditional job board model upside-down, deriving revenues from job seekers who pay a monthly subscription fee for premium access to job listings. Employers and recruiters are able to post jobs free of charge. This distinction enables TheLadders.com to keep unqualified job candidates out of the applicant pool and to provide a greater number of pre-screened, high-end job listings than any other source. Each month, TheLadders.com shares over 20,000 $100k+ job listings with its subscribers. The company also maintains a basic job leads newsletter for which it does not charge a fee.

Cenedella founded TheLadders.com in July 2003 after a tenure as Senior Vice President, Finance & Operations, at HotJobs.com, ultimately shepherding that company's sale to Yahoo, Inc. (NASD: YHOO) in 2002. In November, 2004 the company secured $7.25 million in expansion capital from top private equity firm Matrix Partners.

job search


About TheLadders.com
Headquartered in New York, TheLadders.com, Inc. is a privately held company offering online job search services to recruiters and job seekers in the $100k+ employment market. Ex-HotJobs.com executive Marc Cenedella founded TheLadders.com in 2003 to address the unique job seeking and recruiting requirements in this market sector. Investors include leading venture capital firm Matrix Partners and prominent private investors such as Kevin Ryan, CEO, DoubleClick, Tom Matlack, Megunticook Management, and Robert Chefitz, NJTC Venture Fund.

In addition to its primary member-based site, the Company operates vertical job search Web sites for sales, marketing, finance, human resources, law, technology, and operations. All sites feature daily job updates as well as industry-specific weekly e-newsletters. For corporate and executive recruiters, TheLadders.com delivers the same highly personalized experience. TheLadders for Recruiters (www.recruitladder.com) enables them to easily post $100k+ job openings at no charge. The Company further differentiates itself from other online job boards that fall prey to fraudulent job postings by implementing human mediated search, ensuring all job postings are fully qualified before being published to members.

More information about TheLadders.com can be accessed at www.theladders.com.

Note to editors: Trademarks and registered trademarks remain the property of their respective owners.

Media Contacts
Maria Schiller
TheLadders.com
646-453-1913
maria.schiller@theladders.com