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TheLadders.com Launches New $100k+ Jobs Newsletter & Web Site

UpLadder.com Brings Jobs in HR, Legal, Operations and Other Fields to Executive Job Search Service <Back

NEW YORK (June 3, 2004) - Expanding upon its rapidly growing base of job listings in the sales, marketing and finance sectors, TheLadders.com, a job search engine for the $100k+ segment of the employment marketplace, announces the launch of UpLadder.com. Featuring job openings in human resources, legal, operations and all other fields, UpLadder.com, joins TheLadders.com family of sites - SalesLadder.com, FinanceLadder.com and MktgLadder.com - offering more high-quality $100k+ jobs than any other online resource.

TheLadders.com was founded by Marc Cenedella, the former Senior Vice President, Finance & Operations, at HotJobs.com, who shepherded that company's sale to Yahoo!, Inc. (NASD: YHOO) in 2002. He created TheLadders.com to address the specialized needs of the high-end job market. "There is one universal truth about job-hunting that spans every industry: the more successful you are, the tougher it is to get solid information about new job opportunities. Where do you go if you're a VP of Finance? Or General Counsel? Or a CFO?" explained Cenedella. "With the addition of UpLadder.com, we're now providing an answer for top-level talent in every industry sector."

TheLadders.com has succeeded in this exclusive slice of the market by turning the traditional recruitment business model upside down. Each month, the TheLadders.com team of experts reviews over 160,000 jobs to select more than 7,000 jobs for inclusion in their weekly newsletters.

The company searches the Internet for job postings, or, alternatively, employers can post jobs free of charge - a critical difference from traditional job boards because it enables TheLadders.com to list every appropriate $100k+ job opening on the market, not just paid listings. This distinction allows TheLadders.com to filter out any questionable job listings that do not meet the company's standards for credibility. TheLadders.com also does not charge a fee for its basic job leads newsletter for job seekers. Instead, it generates revenues by offering a premium service to job seekers, which includes a greater number of job listings, more detail, early delivery, and more features for $30 per month. TheLadders.com's premium service fee keeps unqualified candidates out of the applicant pool and, thus, encourages employers to look at TheLadders.com applicants first.

"The launch of UpLadder.com marks our continued expansion into increasingly specialized career fields," Cenedella added. "By keeping a laser focus on the high-end market, then systematically narrowing the pool of jobs and applicants into to specialized fields, we've created a very efficient means of cutting through the clutter."

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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.

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