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Press Release

Hcareers.com Acquires RestaurantManagers.com

#1 and #2 restaurant job boards combine to offer largest restaurant employment site

North Vancouver, BC - May 05, 2003: Hcareers.com, the dominant job site for the restaurant and hospitality industry, has agreed to purchase the domain and user data from RestaurantManagers.com for an undisclosed price.

The agreement means that Hcareers.com will increase its site traffic by 300,000 page views per month. It now receives five times more site traffic than any other job board in the restaurant and hospitality industry. Hcareers.com has also acquired over 8,000 new restaurant job seeker registrations and resumes from across the nation. Hcareers.com will be offering its full range of products to all of RestaurantManagers.com's past customers.

With 3.1 million job seeker visits per month, Hcareers.com offers employers the most cost-effective way to reach restaurant and hospitality-specific job seekers who are looking for opportunities online. Meanwhile, job seekers can search thousands of openings across the country, by state, metro area or position category. More than 7,500 current openings have been posted in the last 45 days alone.

"The job board industry will continue to consolidate," said David Curry, CEO and president at Hcareers.com. "The economic advantages of being the number one job board are significant. Let's face it, why would anyone want to advertise for staff in the second biggest newspaper in town? Our acquisition of RestaurantManagers.com continues to ensure that Hcareers attracts the most restaurant and hospitality job seekers than any other job board."

About Hcareers Launched in 1998, Hcareers.com is the biggest job site for the restaurant industry. Job seekers who visit the site can search a free database of almost 7,500 job openings posted in the past 45 days. Hcareers attracts 3.1 million job seeker visits each month, five times more than any other job board. Employers can also review over 32,000 resumes posted by job seekers in the past 90 days.

Hcareers operates three sites, Hcareers.com (U.S.), Hcareers.ca (Canada) and Hcareers.co.uk (United Kingdom, Ireland). The company employs over 90 full-time staff and currently has 4,800 active clients. In addition, Hcareers sends out a bi-monthly newsletter to more than 250,000 people interested in news and advice on restaurant and hospitality careers. For more information, please visit www.hcareers.com


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