Journal Register Buys JobsInTheUS

Posted Tuesday, December 6, 2005 12:00 am

By: E&P Staff Journal Register Co. today announced the purchase of JobsInTheUS, owner of JobsInTheUS.com, JobsInME.com, JobsInNH.com, JobsInVT.com, and JobsInRI.com.

Terms of the deal were not disclosed.

Jean B. Clifton, president and chief operating officer of Journal Register, said in a statement that JobsInTheUS would become the cornerstone of the company's expanded online recruitment product. "JobsInTheUS has developed an impressive local model in the northeast states and we look forward to working with them to expand in our core markets as well as other markets."

JobsInTheUS revenues for 2005 are projected to be approximately $3 million. Journal Register Company currently expects the acquisition to be dilutive to its 2006 earnings by $0.05 per fully diluted share.

Matt Hoffner, President and CEO of JobsInTheUS, said in a statement, "My staff and I are thrilled to be part of an innovative and forward-thinking company such as Journal Register Company."

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Journal Register Buys JobsInTheUS

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