Finally this stock hit a low low low of 2 1/4 last Friday!
There is decent enough buying today and is up 40 %!
They are going to Europe too, where hype sells a little better!
Tuesday May 30, 8:14 am Eastern Time
Company Press Release
Webhire to Offer Internet Recruiting Solutions Across Europe -- Leading B2B Provider Of Internet Recruiting Services Partners with SOFTBANK, VIVENDI and @viso to Create Webhire Europe
LEXINGTON, Mass.--(BUSINESS WIRE)--May 30, 2000--Webhire, Inc. (Nasdaq:HIRE - news), the leading business services provider (BSP) in the Internet recruiting marketplace in North America, announced the formation of Webhire Europe, a joint venture between Webhire, Inc. and @viso (www.atviso.com), a leading incubator of European Internet ventures. @viso is the joint creation of SOFTBANK, one of the world's Internet leaders and VIVENDI, the European leader in communications. Webhire Europe, which will be based in Paris La Defense, will rapidly establish operations to penetrate the fast-growing international market for online Internet recruiting business services.
``Webhire's Internet recruiting business services have quickly established a dominant market position in North America,'' said Marty Fahey, Webhire president and CEO. ``The time is right to expand our business to key International markets. Through @viso, we are delighted to gain the support of two key players in the Europe's Internet economy: SOFTBANK and VIVENDI. Their local market expertise will prove invaluable as we rapidly launch our business and establish the Webhire brand across Europe.''
As part of the joint venture, @viso will provide Webhire Europe with a full set of market access services in Europe. @viso will act as an incubator, providing capital, infrastructure, and local support services, including strategic marketing, technical facilities, and placement and personnel resources.
``By fully utilizing the strengths of @viso, Webhire Europe will quickly establish a position as the major force in web-based recruiting services for employers in Europe,'' said Pierre Liautaud, chief executive officer of @viso. ``We're excited about the partnership with Webhhire and the business opportunity for our European joint-venture.''
About @ viso
Formed in July last year, @viso (www.atviso.com) is a joint venture between VIVENDI and SOFTBANK, aimed at helping US Internet companies gain rapid market entry into continental Europe by forming 50/50 joint ventures. Its regional expertise and toolboxes of services - including state-of-the-art technical facilities and marketing, legal, PR and recruitment services help businesses expand into new territory. @viso offers the leverage of VIVENDI's communications and multimedia activities, and @viso ventures will have access to a preferred partnership with ``Vizzavi'', the European Multi Access Portal of VivendiNet and Vodaphone Airtouch. @viso incubating centers are operational in Paris, Munich, Amsterdam and scheduled to open shortly in Northern and southern Europe.
About Vivendi
With net sales of 41.6 billion euros in 1999 and 260,000 employees in over 100 countries, VIVENDI (www.vivendi.com) is the world leader in environmental services (Water, waste management, Transports) and a major player in communications IN Europe with Cegetel, the largest French private telecommunications operator, the Europe's leading pay-television company Canal+, and the multimedia publishing giant Havas. VivendiNet, held 50-50 by VIVENDI and Canal+, has brought together all the Internet assets and expertise of Cegetel, Havas and Canal+, along with @viso and the venture capital fund, Viventures. VivendiNet constitutes the largest network of Internet skills in Europe. VivendiNet and Vodafone Airtouch Plc will launch on next june 19 the Europe's first and largest multi-access portal, VIZZAVI, with access to more than 70 million customers. The multi-access internet portal will provide these services to customers in a consistent format, throughout Europe, across different platforms, including mobile handsets, personal computers, televisions and personal digital assistants.
About SOFTBANK
SOFTBANK Corporation (Tokyo Stock Exchange: 9984) is one of the world's Internet leaders. Through its ownership positions in more than 300 Internet companies and its unique, global approach to building Internet enterprises, it is able to realize unprecedented synergies among its group of companies. In the U.S., SOFTBANK is the largest shareholder in leading Internet companies including Yahoo!, E*TRADE, and ZDNet. In Japan, SOFTBANK's activities encompass online financial services, e-commerce, online media and marketing services, e-business solutions, and joint ventures with industry leaders including Microsoft, Cisco, Yahoo!, and the National Association of Security Dealers (NASD). SOFTBANK has established Internet joint ventures with VIVENDI in Europe and with News Corp. in the U.K., India, Australia, and New Zealand; is building Internet ventures in Greater China, Latin America, and Korea; and is joining with the World Bank to help bridge the digital divide in emerging markets worldwide.
About Webhire
Webhire is the leading Business Services Provider (BSP) in the Internet recruiting marketplace. Webhire's business-to-business Internet recruiting solutions are designed to help employers use the Web to quickly and cost-effectively advertise job openings, attract and evaluate talent, and manage the hiring process. Webhire also manages today's best-known corporate Internet recruiting services, Yahoo! Resumes and Yahoo! Recruiter. More than 1,000 customers, including Internet companies like Akamai Technologies, and ValueAmerica.com, fast-growing firms like Millennium Pharmaceuticals and Rational Software and Fortune 500 enterprises such as American Express and Boeing, connect to Webhire services for some or all of their Internet recruiting needs. Webhire is aligned with key Internet players SOFTBANK and Yahoo! More information about Webhire is available on the World Wide Web at webhire.com or by calling 1-877-WEBHIRE. Webhire, based in Lexington, Mass., is traded on the NASDAQ National Market under the ticker symbol HIRE.
Webhire is a trademark of Webhire, Inc. All other products and trademarks mentioned may be registered trademarks or trademarks of their respective owners.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The Company's actual results could differ materially from those set forth in the forward-looking statements. Factors that might cause such a difference include effectiveness of strategic partnerships, changes in technology and industry standards, increased competition and market acceptance of the Company's products and services and those of its competitors.
Contact:
Greg Mancusi-Ungaro
Webhire, Inc.
gregmu@webhire.com
781/869-5324
OR
Daniel Scolan
@viso
daniel.scolan@atviso.com
(33) 01 71 77 12 51 |
