Home About Time Spot Products Professional Services Return on Investment News Support Home
Time Spot Inc.
News and InfoPressroomPressroomPressroomEventsReviews
  View the newsletter
  archive
.

  Need investor
  information? Click

  here.

 


Time Spot Press Releases

FIRST NATIONAL BANK DECREASES OPERATIONAL COSTS WITH ExtendTime LABOR MANAGEMENT SOLUTION
Time Spot Integrates Its Time and Attendance Solution with Cisco IP Phones

Tempe, Ariz., August 31, 2004 ? First National Bank of Central Texas is among a growing list of financial institutions that are decreasing labor costs and improving operational efficiency by using the ExtendTime? labor management solution on their Cisco IP Phones. ExtendTime is a private label version of NETtime?, a web-based labor management solution by Time Spot (OTCBB: TMAM). ExtendTime was developed for the IP Phone by CalAmp (NASDAQ: CAMP), formerly known as Vytek, a Cisco® AVVID (Architecture for Voice, Video and Integrated Data) partner.

Using ExtendTime, First National Bank of Central Texas is able to leverage its Voice over IP (VoIP) infrastructure to eliminate manual tracking of labor data without purchasing additional data collection hardware. With ExtendTime running on their Cisco IP Phones, employees can clock in and out; view schedules; receive messages; transfer work hours between departments and project codes; and view accrued benefits. This saves thousands of labor dollars in costs associated with operational inefficiencies such as employee time theft; human error in manual time sheet calculations; and administrative time spent creating reports from raw data.

?A growing number of financial institutions have embraced time and labor management technology in order to improve workforce productivity and operational costs,? said Jonathan Weiss, Vice President of Business Development, Time Spot. ?By leveraging their existing VoIP infrastructure, companies can greatly enhance the return on their technology investments.?

Time Spot provides web-based, client-server and desktop time and labor management solutions that enable companies to better manage their payroll, human resources and administrative costs. By integrating time and workforce automation with Cisco 7940, 7960 and 7970 IP Phones, employees can clock in and out regardless of whether or not they use a computer at their work areas.

About Time Spot, Inc.
Time Spot, Inc. (OTCBB: TMAM) is a leading provider of web-based, client-server and pc-based workforce management solutions. With more than 16 years of experience, Time Spot?s family of NETtime?, HourTrack?, GENESIS?, and TA? solutions deliver cost-effective management of labor resources, automation of time and attendance, data collection, workforce scheduling and payroll processing. The Deloitte Technology Fast 500 recently honored Time Spot as one of the 500 fastest growing technology companies in North America.

About CalAmp, Inc.
CalAmp is a leading provider of breakthrough wireless and content delivery solutions, services and products. With comprehensive capabilities ranging from product inception through production, CalAmp is a trusted partner delivering cost-effective, high quality solutions to a broad array of customers and markets. CalAmp is one of the largest suppliers of direct broadcast satellite (DBS) equipment to the U.S. DBS market and offers solutions for digital multimedia delivery, residential broadband data delivery, health care, IP telephony applications, public safety markets and wireless enterprise connectivity. The company is headquartered in Oxnard, California and has approximately 800 employees. Founded in 1981, CalAmp and has been publicly traded since 1983 as Nasdaq: CAMP.

NETtime is a registered trademark of Time Spot, Inc. ExtendTime? is a trademark of CalAmp. All other names are the property of their respective owners.

Forward Looking Statements
Certain information and comments contained in this press release may be forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934). Factors set forth in the Company's Annual Report on Form 10-KSB for the fiscal year ended June 30, 2003, and subsequently filed form 10-QSB?s, together with other factors that appear in this press release or in the Company's other Securities and Exchange Commission filings could affect the Company's actual results and could cause the Company's actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of the Company, in this press release.

COMPANY CONTACT:
Corrine Solomon
(480) 296-0400

KCSA MEDIA CONTACTS:
Yin Chang / Scott Berwitz
(212) 896-1228 / (212) 896-1272
/

     
HOME | SITE MAP | SUPPORT | REQUEST INFO | FEEDBACK | REQUEST A QUOTE | Contact us at (800) 561-6366