Employease Exits Fiscal Year with 55% Year Over Year Revenue Growth and Surpasses 1 Million Employee Records

Business Wire, July 31, 2006

ATLANTA -- Employease(R), the leader in employee information management, posted record results for the fiscal year ending June 30, 2006. Revenues grew 55 percent compared to fiscal year 2005. The company now services more than 1,500 organizations and manages more than 1 million employee records. The quarter marked the company's 35th quarter of revenue growth.

"Employease manages more core employee information on a centralized, Internet application than any other company," said Phil Fauver, chief executive officer of Employease. "Because of the development methodologies we perfected early on, Employease innovates at an unmatched pace. Our flexible, scalable and customer-focused solutions are the key to adding more than one hundred thousand employees per quarter."

Highlights and Milestones for Q4 and FY2006 include:

--Revenue - Increased annual revenue by 55% compared to the same period last year.

--Customers - Surpassed 1 million employee records under management. Up from approximately 600,000 employee records at the same point last year.

--Profit - Net profit for FY06 increased by 425% compared to the same period last year. The company continues to experience sustainable double-digit operating margins.

--Innovation - Launched Employease Extend, a flexible Web service offering that enables customers and partners to connect and integrate employee data from the Employease Network with any system, portal, database, browser, application or device.

--Network Growth - Each month, more than 14 million transactions pass across the Employease Network via 180 digital pipes to every important service provider in the HR, benefits and payroll industry.

--Partnerships - Partnered with Enwisen to embed HR and Benefits Communications, Decision Support Tools, and Total Compensation modules into the Employease Network.

--Milestone - The quarter also saw the company celebrate its 10 year anniversary.

"For the past 10 years, Employease has provided customers with the time to focus on issues that matter, the data to make better decisions and the infrastructure to support programs that drive strategic change," said Fauver. "As we continue to partner and collaborate with customers to face today's workforce challenges, our success will continue to accelerate."

Employease's award-winning technology and dynamic service center provide companies of all sizes the flexibility to better manage employee information and improve their HR, benefits and payroll functions.

The company's applications include on-demand HRIS, benefits administration, employee self-service, manager self-service, leave management, performance management, recruitment and connectivity to internal systems, benefit providers and other service providers. Employease's service center provides employee call center, carrier billing, invoice reconciliation, enrollment support, fulfillment services, COBRA, HIPAA and flexible spending account administration.

About Employease

Employease(R), Inc. (www.employease.com) is helping companies redefine how they manage employee information to improve HR, benefits and payroll processes. Employease combines award-winning technology with a dynamic service center and a pioneering network to bring new levels of functionality, flexibility and connectivity to the market. By focusing on people, not paper, more than 1,500 organizations improve service to employees and managers and positively impact their bottom line using Employease.

Employease and the Employease logo are registered trademarks and Employease Network is a trademark of Employease, Inc. All other trademarks are property of their respective owners.