JobStreet.com, a leading online recruitment company in Asia Pacific based in Malaysia, announces that it has obtained approval from the Securities Commission and Bursa Malaysia Securities Berhad to list on the MESDAQ Market.

Pursuant to the listing exercise, a new vehicle, JobStreet Corporation Berhad has been established and will serve as a holding company for the current operations in Malaysia, Singapore, India and Philippines as well as carrying out its own unique commercial activities.

JobStreet.com was founded in Penang by Mark Chang in 1997. Since then, it has grown to be a regional company with eight offices in four countries. JobStreet.com has won numerous awards including being named Malaysia's Internet Company of the Year twice in 2000 and 2001 at the @my Internet Awards and Best Software Application at the 2000 APMITTA awards. It has also garnered regional awards like e50 Singapore organized by Accenture and Business Times, ranking top five among e50 dot coms in Singapore in 2001. In Philippines, JobStreet.com won the Webby Judges' and People's Choice Awards for the Services category in the prestigious 4th Philippines Web Awards.

The group currently serves over 2.8 million jobseeker members and over 15,000 corporate clients including multinationals and many large blue chip companies in the region. Its institutional investors include MavCap Technology, Walden International, Sumitomo Corporation and Intelligent Capital Sdn. Bhd.

Mark Chang, Founder and CEO of JobStreet.com says: "An IPO has always been integral to JobStreet.com's long-term growth strategy. Besides allowing the thousands of jobseekers and human resource professionals that have supported us and helped make us a success to become shareholders, the IPO will also open up many opportunities for the future."

The approval allows JobStreet.com to list on the MESDAQ market within the next six months.