Headhunter.net Site Receives High Rating in J.C. Bradford Customer Survey; Headhunter Expects Record First Quarter

Business Wire, March 22, 2000

Business Editors

ATLANTA --(BUSINESS WIRE)--March 22, 2000

Headhunter.net, Inc. (Nasdaq/NM:HHNT) today reported that its on-line recruiting site received high ratings from employer and recruiter customers in an independent survey by J.C. Bradford analyst Jon Michael Morgan. The survey reported that over 70% of Headhunter's customers plan to use the company's online recruiting services during the coming year and 33% of those surveyed plan to increase their monthly spending with Headhunter.

"The J.C. Bradford survey highlights the strength of our customer service and its effect on building our recurring revenue base," stated Mark W. Partin, chief financial officer of Headhunter.net. "We are focused on developing and supporting the business-to-business market for online recruiting and continue to make significant investments in customer service to enhance retention and build loyalty. We believe our recurring revenue base highlights our success in these efforts. Our average revenue per customer for the fourth quarter ended December 31, 1999 was up 30% from the third quarter of 1999 and 60% above second quarter of 1999. We expect to report record results for the first quarter of 2000 as a result of increased demand from existing customers and the addition of new ones."

Mr. Morgan's informal survey of over 30 Headhunter customers was conducted recently to gauge the level of interest, future demand and satisfaction with Headhunter.net's on-line recruiting services. The survey "discovered an overwhelming satisfaction with the HHNT Web site." It was reported that users "were happy with both the quantity and quality of applicants," and that new hires were regularly generated through Headhunter's Web site.

The survey also reported that customers rated Headhunter "as having the fastest, friendliest, and overall the best customer-service team of all the on-line recruiters." Morgan concluded his report by stating the survey results validate the on-line recruiting market and the Headhunter business model.

About Headhunter.net

Headhunter.net (www.headhunter.net) is a leading national on-line recruiting service that specializes in empowering candidates and corporations to manage the job search process. The site has more than 300,000 resumes and over 180,000 jobs representing over 8,000 of the nations' top employers across virtually every industry. The site, which receives more than 3 million visitors a month, distinguishes itself by providing job seekers privacy when searching and applying for jobs, and allows job seekers and job posters to manage and track the visibility and performance of their listings.

Some of the preceding statements in this press release constitute "forward-looking statements" within the meaning of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, and the Company intends that such forward-looking statements be subject to the safe harbors created thereby. Examples of words indicating forward-looking statements include "believes," "expects" and "will". These forward-looking statements reflect the Company's current views with respect to future events and financial performance, but are subject to many uncertainties and factors relating to the Company's operations and business environment which may cause the actual results of the Company to be materially different from any future results expressed or implied by such forward-looking statements. Please see the section entitled "Risk Factors" in the Company's Prospectus, which is incorporated by reference in this press release, for a list of such uncertainties and factors. The Company undertakes no obligation to publicly update or revise any forward-looking statement whether as a result of new information, future events, or otherwise.