December 4, 2001

EXPERIENCE.COM, INC., LAUNCHES NEW eRECRUITING PLATFORM WITH ACCESS TO WORLD'S LARGEST PRIVATE NETWORK OF EDUCATED TALENT

Over 65% of Enterprises Report Maintaining or Increasing Hiring Levels

Boston, Mass. - 12/04/2001 - Experience.com Inc., the leading provider of recruiting networks and career management technology for universities and graduate schools, announces the launch of the Experience eRecruiting Network for Employers, a unique eRecruiting application that enables enterprise organizations to access and efficiently recruit educated talent. The new solution provides first-time unified access to some of the hardest-to-reach and most sought-after candidates.

Using the new Experience solution, organizations can realize significant productivity gains, quality improvements and cost savings within the $8 billion annual expenditure currently made in the rapidly growing "emerging talent" segment of the human capital market. Despite recent economic conditions, more than 65% of enterprises surveyed by Experience in November 2001 forecast a similar (within 10%) or increased hiring level of emerging talent in the coming year.

Over the past two years, Experience has become the dominant standard in providing recruiting and career management technology and services to over 70% of the nation's top universities, such as Brown University, Brigham Young University, the University of Notre Dame, and Princeton University. The new Experience eRecruiting Network for Employers connects enterprise organizations to this exclusive, university-branded network, allowing access to over 2.5 million potential candidates.

The web-based ASP solution provides customizable recruiting tools to identify, attract, access, screen and hire the best talent, including permission-based marketing and targeted outreach, company brand building, candidate pre-screening and filtering, and workflow automation technology that streamlines the recruiting process and reduces the administrative costs of managing a world-class program.

Prudential Financial, one of the world's largest global financial institutions, is an early adopter of the new Experience solution. Jennell Jones, director of university relations at Prudential, states, "In this market, I'm commissioned to work faster and smarter, with fewer people and a reduced budget. A top priority of my department is to increase the caliber and diversity of the candidates we attract. Using Experience helps us address the unique challenges of educated talent recruiting, which remains a high priority and investment area for Prudential," says Jones.

Princeton University, a long-time member of the Experience eRecruiting Network, considers career development services a critical step in the higher education process. According to Rosanne Sonatore, the associate director for recruitment and employer relations, "The Experience eRecruiting Network enables us to have closer relationships with our students and employer contacts." Becky Ross, the associate director for career services, adds, "Experience is a strong, stable partner--clearly a market leader and innovator."

"We believe that managing long-term relationships with talented employees and candidates is critical to successful enterprise organizations in the knowledge economy," says Jennifer Floren, president and CEO of Experience.com, Inc. "The Experience eRecruiting Network now enables enterprise organizations to directly and tightly collaborate with universities, the birthplace of educated talent. The emerging talent graduating from the top universities today are the leaders of tomorrow. With the significant labor shortages predicted over the next five years, forward-thinking organizations recognize the need to build lifelong relationships with these candidates starting now."

Also commenting on Experience's new solution, Chris Boone, senior analyst for recruiting and staffing services at IDC, says, "eRecruiting is becoming part of the de facto recruiting mix. Even in a slowing economy, companies need to make strategic hires and maintain strong relationships with their talent pools, including emerging talent. eRecruiting services that demonstrate their ability to provide qualified candidates on a consistent basis to clients for less cost than traditional recruiting services are well positioned for growth."

The Experience eRecruiting Network for Employers is available immediately with annual licenses beginning at $25,000. The application is also available for business partner integration into applicant tracking, eRecruiting, human resource management and candidate sourcing solutions.

In a related news release today, Experience also announced it has closed a new round of financing (see Experience.com, Inc., Raises $16.5 Million press release dated December 4, 2001).

About Experience

Experience.com, Inc., is a leader in the educated talent market. Founded as a result of a merger in January 2000, the company provides recruiting and career management technology and services to a network of over 70% of the top universities in the country. Just released in December 2001, the Experience eRecruiting Network for Employers connects enterprise organizations to an exclusive, university-branded network, currently with access to over 2.5 million potential candidates, and manages the unique workflow of the recruiting process for educated talent. Based in the historic Faneuil Hall Marketplace in Boston, Mass., Experience is venture-backed by Polaris Venture Partners, Isabella Capital LLC, Benefit Capital Management Corporation, Diamond Capital and a number of other private investors. More information about the company is available at the corporate web site, www.experience.com.