JobShark.com Announces $6 Million Equity and Licensing Deal
and Plans to Enter European Market This Fall.

Toronto, Canada - August 18, 1999 - JobShark.com, the leading Canadian on-line recruitment company today announced the signing of a $6 million equity and licensing deal with a group of private European investors.

"We are pleased with this deal as it now solidifies the company as a formidable force in the online recruitment industry, and provides JobShark.com with the resource to expand domestically and internationally," said Christopher Klotz, Chief Executive Officer of JobShark.com. "This fall JobShark will open operations in Europe with our licensed partner, and we anticipate gaining a leading position in that underdeveloped marketplace. It is our intention to become the dominant recruitment company on the Internet."

JobShark.com was launched in Toronto in July 1997, and is one of the original e-commerce businesses in Canada. In just two years the company has pioneered the on-line recruiting and job seeking market, building itself into the largest on-line recruitment company in Canada, with a database of over 145,000 unique resumes and professional profiles from career minded individuals. JobShark offers a wide variety of positions across numerous industries from leading Canadian corporations.

Alastair Campbell, spokesperson for the private investment group, said recently, "We are delighted with our investment in JobShark.com, as we believe strongly in the company's business model, management and technology. The online recruiting sector of the Internet will dramatically change the economics of the traditional recruitment model, and we see this investment as a key strategic move for the group." Alastair Campbell and Barry Dare, representatives of the European investment group, will be joining the Board of Directors of JobShark effective immediately.

JobShark.com (www.jobshark.com), headquartered in Toronto, Ontario, is the premiere online recruitment company in Canada, connecting leading edge companies with pre qualified career minded individuals. JobShark.com is committed to market leadership, and will continue to provide innovative technology and services that will improve the online success of both recruiters and job seekers.

Contact Jobshark.com:

Chris Klotz, CEO
613-789-3219 chrisklotz@jobshark.com
or Matthew von Teichman, President
416-944-2444 teichman@jobshark.com