TMGS news
The Murdock Group Announces Internet Subsidiary CareerWebSource Signs 27 Units
of the National Guard
Business Editors/High-Tech Writers
SALT LAKE CITY--(BUSINESS WIRE)--March 5, 2001--The Murdock Group
Holding Corp. (OTC BB: TMGS), Monday announced its subsidiary,
CareerWebSource, has now signed contracts and received first payment
from 27 of the 104 National Guard units in the United States.
The contracts, under which CWS builds online career sites for the
Guard, generate revenues of approximately $20,000 a month or
approximately $250,000 annually.
"The company is proud to be partnered with the National Guard and
will continue efforts to partner with the remaining 77 units in the
coming months. This partnership is one of several that we anticipate
will allow us to complete our push for positive cash flow and
profitability initiatives that kicked off in September 2000.
"We believe that the revenue potential in our career niche is
substantial and we hope to maximize both our revenue growth and
profitability in fiscal year 2001," noted KC Holmes, chief executive
officer of The Murdock Group.
About CareerWebSource
CareerWebSource provides employment resources to a growing number
of online markets including recruiters, corporate HR departments,
universities, civic centers & associations. Leveraging the vast
resources available on the Internet, CareerWebSource has compiled and
cataloged a database of over 24,000 different career resources.
These resources, combined with original articles, surveys and
expert advice, are customized for each career center to bring
relevant, local career information to each site. The company's first
commercial web offering, MyJobSearch.com was launched in July of 1999
and has become one of the top 15 web destinations for online
jobseekers, according to Forrester Research.
Backed by The Murdock Group's 18 years of career training
experience, CareerWebSource has distinguished itself as the trusted
provider of online job search information and advice.
About The Murdock Group
Founded in 1983, The Murdock Group has emerged as a business
incubator with emphasis in the employment industry. The Murdock Group
has incubated Internet offerings MyJobSearch.com, an employment
portal, and CareerWebSource, a BtoB employment information company, as
well as a full-service brick and mortar career-coaching provider.
The Murdock Group also has a real estate development group
specializing in small- to mid-sized entitlement projects.
Forward-Looking Statements. 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.
While these statements are made to convey the company's progress,
business opportunities and growth prospects, readers are cautioned
that such forward-looking statements represent management's opinion.
Actual company results may differ materially from those described. The
company's operations and business prospects are always subject to risk
and uncertainties.
A more extensive listing of risks and factors that may affect the
business prospects of the company and cause actual results to differ
materially from those described in the forward-looking statements can
be found in the reports and other documents filed by the company with
the Securities and Exchange Commission.
--30--clf/ix*
CONTACT: The Murdock Group, Salt Lake City
Stephen Fitzwater, 801/268-3232
sf@murdock.com
www.murdock.com
KEYWORD: UTAH
INDUSTRY KEYWORD: E-COMMERCE GOVERNMENT HUMAN RESOURCES INTERNET
MARKETING AGREEMENTS
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: businesswire.com
*** end of story *** |
