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TheLadders.com Launches Job Market Newsletter for Recruiters

RecruitLadder.com Links Executive Recruiters with 115,000 Job Seekers in the $100k+ Talent Market <Back

NEW YORK (July 23, 2004) - TheLadders.com, the $100k+ job search service, announces the launch of RecruitLadder.com. RecruitLadder.com is a brief weekly email newsletter for recruiters of $100k+ professionals in sales, marketing, finance, legal, information technology, human resources and all other fields. In addition to providing recruiters with industry news and data on the $100k+ job market, the RecruitLadder.com newsletter provides access to TheLadders.com's 115,000 weekly readers, a group that represents a cross-section of the nation's top $100k+ talent.

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. RecruitLadder.com will be headed up by David Carvajal, TheLadders.com's Head of Recruiting and Business Development. Carvajal, a HotJobs.com co-founder who served as General Manager of the firm's AgencyExchange product, brings a wealth of experience working with executive recruiters to his new post at TheLadders.com.

"TheLadders.com is the go-to resource for top talent in the $100k+ job market. Over 115,000 candidates read our newsletters every week, and recruiters can tap into this resource for free," explained Cenedella. "RecruitLadder.com helps executive recruiters use the sourcing power of the Internet much more efficiently so that they can get smarter insights faster, and focus on their core business of selling talent."

TheLadders.com has succeeded in this exclusive slice of the market by turning the traditional recruitment business model upside down: it does not accept money from hiring firms, recruiters, or recruitment advertising agencies. Each month, the TheLadders.com team of experts reviews over 160,000 jobs to select more than 10,000 jobs for inclusion in their weekly newsletters. The company searches the Internet for job postings, or, alternatively, employers can list them 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.

TheLadders.com 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.

Cenedella founded TheLadders.com in July 2003. In May 2004 he was named Entrepreneur of the Year by award-winning marketing newsletter, MarketingSherpa, which cited TheLadders.com's unique business model as a key to its sustained growth.

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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