| September 19, 2000 Recruiting Industry Will Hit $15 Billion Mark By 2005 According to Hunt-Scanlon Advisors Stamford, CT, September 19, 2000 - Worldwide revenues for the executive recruiting industry are projected to double to $15 billion by 2005, according to industry estimates released today by Hunt-Scanlon Advisors' market intelligence unit of Stamford, Conn. The executive search industry will average close to 20 percent compound annual growth over the next five years, reports Hunt-Scanlon. The result will be a recruiting industry dominated by full-service, global providers able to offer employers around the world an increasingly wider range of human capital recruiting solutions. Hunt-Scanlon's recruiting industry projections appear in the company's September issue of Executive Search Review. "Search firms are faced with an array of new business opportunities due to the ongoing shortage of executive talent and the scalability of the Internet," said Brian P. Lee, Hunt-Scanlon's chief market strategist. "Smart firms will capitalize on these opportunities by expanding their business models and developing new strategies to reach more targeted candidate pools," said Mr. Lee. "We can expect to see the candidate acquisition business heat up, as growing search firms scramble to fill talent pipelines for their clients." The prospects for long-term industry growth remain so strong that Hunt-Scanlon's revenue forecast model predicts the first billion-dollar executive search firm within three years. Given the opportunities that currently exist in a tight labor market, the Hunt-Scanlon survey concludes that brand extension will be vital for creating new revenue streams for search firms. According to Mr. Lee, firms that can successfully leverage their existing reputation and expertise into new business lines will obtain superior growth. Internet recruiting, stock equity programs and venture capital partnering are recent examples of successful brand extension in the search industry, said Mr. Lee. ABOUT HUNT-SCANLON Hunt-Scanlon Corporation (www.hunt-scanlon.com) is the leading authority on the executive search and online recruiting industries, providing a range of information products and services relating to executive search, staffing, Internet recruiting, human resources and corporate diversity. These include daily real time newswires, the monthly newsletters Executive Search Review, Online Recruiting Strategist and Diversity Monitor, as well as directories of executive recruiters and Select Guides to executives in six functional staff areas (top management, human resources, finance, information technology, sales and marketing). Hunt-Scanlon is a widely quoted news source frequently referenced in The Wall Street Journal, Fortune, BusinessWeek, The New York Times, Investors Business Daily, Bloomberg Newswires and Crain's. Through a separate operating unit, Hunt-Scanlon Advisors, the firm also provides comprehensive market intelligence studies, market trend surveys and forecast indicator reports on the executive search and online recruiting industries to major corporations. The company's flagship recruitment portal for senior executives, hunt-scanlon.com, is a growing online marketplace connecting buyers and sellers of recruiting services worldwide. Within this portal, Hunt-Scanlon operates four leading web sites, including executiveselect.com, recruiterlink.com, diversityonline.com and leadersonthemove.com A third operating unit of Hunt-Scanlon, the Institute for Corporate Diversity, is the leading diversity database and research publisher in the U.S. Hunt-Scanlon acquired the diversity institute in 1999 and now publishes Diversity Monitor, the monthly trade newsletter, as well as Diversity in Corporate America, the largest diversity reference guide in the U.S. Contact Information:
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