CareerEngine, Inc. Announces Co-Branding Partnership With Journal of Commerce Online

Business Wire, Dec 7, 2000

Business Editors

NEW YORK--(BUSINESS WIRE)--Dec. 7, 2000

Leading E-Recruiting Network Creates Career Search Portal

on Premier News Site for Shipping Industry

CareerEngine, Inc. (a subsidiary of CareerEngine Network, Inc., AMEX/PCX: CNE) today announced it has created a career center for the JoC Online (www.joc.com), the online successor to the venerable Journal of Commerce Newspaper.

The JoC Online provides proprietary news, analysis and data, updated throughout the day, for decision-makers in the international logistics marketplace. JoC Online users will now gain access to a comprehensive career portal featuring confidential resume hosting, targeted job postings and career-specific services and news.

The site ("JoC Online Career Center") will be maintained by CareerEngine Network -- a portal of more than 20 category-specific and generalist career sites -- to integrate seamlessly into the JoC website, matching its functionality and features. The career center will focus on career opportunities across the nation in the shipping and logistics market segments.

As part of the agreement, the JoC Online Career Center will join the CareerEngine Network as CareerEngine's exclusive partner for career opportunities in the shipping industry. As such, it will provide an additional job-posting venue for employers using CareerEngine's services and will offer job seekers in the shipping industry a comprehensive career search portal. The JoC Career Center will be promoted to employers through CareerEngine's network of more than 50 distribution partners consisting of major online and offline recruitment advertising firms and e-recruiting portals.

"Our alliance with the JoC Online furthers CareerEngine's commitment to enhancing professional development opportunities in major market sectors," said Tom Ferrara, president and CEO of CareerEngine, Inc.

"Partnering with CareerEngine enabled us to be more responsive to our site visitors by delivering a comprehensive job portal focused exclusively on career advancement for shipping and logistics professionals," said Bill Lavner, Vice President, New Media for the Journal of Commerce Group.

About CareerEngine, Inc.

CareerEngine, Inc. is comprised of two operating divisions: CareerEngine Network, the leading network of vertical career sites and CareerEngine Solutions, an Application Service Provider.

CareerEngine Network's (www.CareerEngine.com) flagship sites include: ITClassifieds.com, SalesClassifieds.com and AccountingClassifieds.com. CareerEngine's category-specific sites serve as "career portals," offering professional development tools, online career counseling and continuing education courses. Headquartered in New York City, CareerEngine offers e-recruiting services to Fortune 1000 companies and has distribution partnerships with leading recruiting firms, which sell the services of CareerEngine's sites. CareerEngine, Inc. is a subsidiary of CareerEngine Network, Inc.

CareerEngine Solutions (www.CareerEngineSolutions.com ) builds, hosts and maintains customized career centers for client websites. Utilizing CareerEngine's leadership in e-recruiting, CareerEngine Solutions enables both online and off-line companies to add unique, value-driven services to their websites and affords them an immediate presence in the fast-growing and profitable online recruiting space. Major partners include the SmartMoney Magazine website (www.SmartMoney.com), a joint venture of the Hearst Corporation and Dow Jones & Company; the Crain's New York Business website (www.CrainsNY.com); and the CFO Magazine website (www.CFO.com), a subsidiary of CFO Publishing Corporation - a member of the Economist Group.

The company can be reached at 877-487-3675.

About The Journal of Commerce Group

Journal of Commerce Group, a subsidiary of the Economist Group, is the leading supplier of business information for people involved in transporting goods and commodities in the United States and internationally. Its publications and online services include JoC Week, JoC Online, Traffic World, Air Cargo World, Florida Shipper, Gulf Shipper, Shipping Digest, PIERS, Transportation Telephone Tickler, Directory of Importers and Exporters, and Tech Center.

The JOC Online has succeeded the Journal of Commerce newspaper, which ceased publication in June 2000 as the leading news provider for international logistics professionals. Simultaneously, The Journal of Commerce Group also launched JoC Week, the "News Magazine for Trade Logistics."

Certain statements in this press release constitute "forward-looking statements" relating to CareerEngine Network, Inc. and its subsidiaries (the "Company") within the meaning of the Private Securities Litigation Reform Act of 1995. All statements regarding future events, our financial performance and operating results, our business strategy and our financing plans are forward-looking statements. In some cases you can identify forward-looking statements by terminology, such as "may," "will," "would," "should," "could," "expect," "intend," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms or other comparable terminology. These statements are only predictions. Known and unknown risks, uncertainties and other factors could cause actual results to differ materially from those contemplated by the statements. In evaluating these statements, you should specifically consider various factors that may cause our actual results to differ materially from any forward-looking statements.