Jobfox Named ‘Most Promising’ Start-Up of 2008

American Venture Magazine Honors Revolutionary Web Site for its Intelligent Matching of Jobs and Candidates

McLean, Va. (January 15, 2008) - Jobfox, a revolutionary Web site with highly intelligent and effective matching of jobs and candidates, has been named a 2008 most promising start-up by American Venture Magazine. Jobfox is led by CEO Rob McGovern, who is also the founder and former CEO of CareerBuilder.

“Venture-funded winners such as Jobfox have the ability to make crucial developments with energy and passion, under a focused leadership and toward a common goal,” said Florencia Lazaroni, editor of American Venture Magazine, part of the American Venture Network.

American Venture Magazine honored Jobfox for its ongoing innovations serving both job candidates and corporate recruiters. Advancements from Jobfox (www.jobfox.com) include:

• Precision job-fit matching between candidate profiles and job requirements, creating a more effective experience for job seekers and greater return on investment for corporate recruiters.
• Free personal career branding for job candidates. Jobfox Web page creation tools enable professionals to dynamically showcase their skills, experience and career desires. See http://www.jobfox.com/people/sarahsmith for a sample personalized Web page.
• Confidentiality controls, including “aliases,” that help insure complete anonymity for working professionals who want to explore new career opportunities.
• Instant feedback and connectivity between employers and high-potential candidates using modern communication tools, including Web-based status updates, instant messaging and mobile text messaging alerts.

“Jobfox is redefining the online recruiting industry,” said Jobfox CEO Rob McGovern. “Jobfox will continue using new Internet technologies to more smartly link high-potential professionals with talent-hungry employers.”

Jobfox, in December, raised $20 million in its third round of financing and closed 2007 with record sales growth. To date, Jobfox has raised $40 million in venture capital funding. Draper Fisher Jurvetson led the third round, which also included Menlo Ventures and New Enterprise Associates (NEA).

Already with sales and support offices serving the metropolitan areas of Atlanta, Boston, San Francisco and Washington, D.C., Jobfox is opening new offices in Chicago, Dallas, Houston, Los Angeles, New York and Seattle. With new regional offices in place by the first half of 2008, McLean, Va.-based Jobfox will have a sales and services footprint in each of the nation’s top 10 job markets.

Jobfox will also grow internationally after completing a strategic co-branding alliance with Australia’s Fairfax Digital, a multimedia company that owns the national job board, MyCareer. Jobfox’s proven technology will be incorporated into MyCareer in early 2008.

Jobfox (www.jobfox.com) was one of 33 finalists chosen by American Venture Magazine for its vision, teamwork, market leadership and technological achievements. More than 350 emerging companies took part in the selection process and selected companies cover diverse industries, from technology exchange to medical devices, and others.

About American Venture Network
American Venture Network is the premium online community for investors, entrepreneurs and professional service providers. Just as our community embraces innovative technology, the American Venture Network is doing the same, transforming from a Web site and print magazine into an omni media entity. This network has grown into an online platform where great ideas find the funding and resources to take them from the drawing board into the marketplace. American Venture Network is becoming a central fixture within an active, respected community. For more information, visit www.americanventurenetwork.com.

About Jobfox
Jobfox is the Web’s first personal-branding site that puts candidates in control of career-advancement opportunities. As a candidate-focused site, where professionals showcase their unique career strengths and goals, Jobfox intelligently matches and alerts professionals – in real time – to new career opportunities from talent-hungry companies. A free Jobfox page is available to professionals to market their unique personal skills, talents, work-styles, career desires and job-change receptivity. Resume Tracker, another free Jobfox service, enables candidates to use their mobile phones to track resume views by employers – from virtually anywhere on the Internet. Instant messaging chat puts candidates in direct contact with prospective employers. Visit www.jobfox.com today.

Jobfox is a trademark of the company. All other company names are trademarks or registered trademarks of the respective companies.