Business Services Industry
ProMana Solutions Announces Co-Marketing Agreement With Watchful i
Business Wire, July 21, 2004
PARSIPPANY, N.J. -- ProMana Solutions (Pink Sheets:PSLU), a provider of end-to-end Intranet based software solutions for human resource management and business process outsourcing, announced today that it has entered into a co-marketing agreement with Watchful i, a nationwide school violence warning system that empowers students to report potentially violent acts before they happen.
As part of the agreement, Watchful i's web-based reporting system will be adapted for the workplace as a platform through which employees may report potentially violent acts, employee theft, and sexual harassment anonymously. The system will be in full compliance with the Sarbanes-Oxley Act, which calls for an anonymous reporting system to report any financial misconduct of employees, especially executives, to an outside auditor.
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"Watchful i was created to protect students from the alarming trend of school-related violence sweeping our nation. An application for business was a logical next step, and we are confident that our partnership with ProMana will be the best means to market and deliver this new service," said Ken Melveney, CEO and founder of Watchful i.
The Watchful i program facilitates anonymous reporting of potentially violent or coercive activity in local schools - as a preemptive measure for school administrators and city officials to be informed of and manage potential threats. ProMana will offer this product as part of its standalone solution created specifically for the municipal market segment.
"Upon realizing the scope and depth of the product, we looked at the model as it applies to the corporate world," said ProMana CEO Larry Kass. "By making this product available to our branded partners and their employees, we continue to accomplish our goals of providing a safer, more secure work environment that increases productivity, and increases our branded partner profitability."
About ProMana Solutions
ProMana Solutions has developed a web-based, end-to-end solution for managing the entire spectrum of payroll, benefits, human resource management and business processing outsourcing. Its target market includes any
business looking to start or grow its own Professional Employment Organization (PEO) or provide HR outsourcing as either a primary business or as an adjunct to its current business. ProMana's clients include PEOs, accounting firms, insurance agents and brokers, payroll processors, software integration partners, national franchise operations, community banks business to business consulting firms, and independent end users. Shareholders are encouraged to visit http://www.promanasolutions.com for more information and to register on the "Investor Relations" page to receive ongoing ProMana news updates.
About Watchful i
A division of Safe-Environment Solutions, LLC, Watchful i is an innovative, nationwide school violence warning system that empowers students to report potentially violent acts before they happen, and alerts key decision makers to potentially dangerous situations before they erupt. Watchful i allows students to safely, easily, and anonymously report any information they have suggesting that fellow students may be planning or taking part in bullying, hazing, violent acts, bias crimes, vandalism, or a host of other dangerous and/or illegal activities. For additional information, please visit http://www.thewatchfuli.com.
Legal Notice Regarding Forward-Looking Statements: "Forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. PSLU disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions (including in the information technology and financial information industry), actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand and market acceptance of our services, and changes in our business strategies.
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