Monster has made significant strides in the talent-hungry Asia-Pacific region -- led by dynamic countries such as China, India and Korea -- which are rapidly becoming peer players on the global stage. During 2005, Monster invested in a 40% stake in ChinaHR.com, a leading recruitment website in China. We believe China represents an enormous long-term opportunity for Monster, given both the size of the Chinese market and because China's economic boom is occurring in the era of the Internet.

In India, we continue to be the leading player in online recruitment, with a management team focused on driving profits while making significant investments in marketing, product and sales force expansion. India’s highly skilled, English-speaking workforce plays a growing role in the world’s economy, and Monster India is well positioned to support and benefit from that country’s growth.

In October 2005, we acquired JobKorea, the premier online recruitment website in South Korea, serving more than three million registered users. JobKorea gives us the leading presence in one of Asia’s largest and most advanced online markets, and combines two Internet leaders committed to expanding online recruitment throughout Asia.