TMGS...THE MURDOCK GROUP..LATEST NEWS....
Tuesday October 17, 1:54 pm Eastern Time
Press Release
SOURCE: The Murdock Group
Murdock's Internet Subsidiary Signs Deal With iHigh Network
SALT LAKE CITY, Oct. 17 /PRNewswire/ -- The Murdock Group Holding Company (OTC Bulletin Board: TMGS - news), announced today that its Internet subsidiary, CareerWebSource(TM) has contracted with iHigh network to build Career Centers for over 2,000 high schools throughout the country.
The High School Internet Network (iHigh) provides individual high schools with a website that connects school activities, sports, and scholastic information to the premier high school network. Students, parents and alumni can access school information on a local, state and national level, which in turn will foster opportunities for followers and alumni to support their schools with online commerce and advertising. CareerWebSource will provide this national high school network with career centers to support hundreds of thousands of future jobseekers. CareerWebSource is aggressively pursuing corporate partnerships on a local, regional, state and national level.
``With the completion of the iHigh agreement, CareerWebSource is positioned as a leading producer of career centers for high schools across the United States,'' noted KC Holmes, Chairman of CareerWebSource.
After signing iHigh's 2,000 high schools, CareerWebSource has over 3,000 high schools, libraries and colleges under contract to build their exclusive career centers. This gives CareerWebSource a solid revenue model that should do a seven-figure revenue stream and be profitable in 2001.
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 midsize entitlement projects.
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 Murdock Group with the Securities and Exchange Commission.
