GLEN RAVEN SELECTS Time Spot FOR AUTOMATED TIME AND LABOR MANAGEMENT SOLUTION
TEMPE, GLEN RAVEN, N.C. and TEMPE, Ariz., March 25, 2004 ? Glen Raven Custom Fabrics, LLC, a global provider of innovative fabric solutions, has selected Time Spot, Inc. (OTC BB: TMAM) to provide its NETtime? solution to automate and streamline time and attendance processes.
Glen Raven chose NETtime to eliminate manual payroll preparation and improve the tracking of employee time and data for 1,300 employees across five locations in North Carolina, South Carolina and Georgia. Eliminating the need for paper timecards or timesheets, Glen Raven will use 12 proximity clocks to verify each employee based on his/her assigned card and send that data directly to the NETtime system. Data on the NETtime system will interface with Glen Raven?s existing Human Resource (HR) and Payroll software from CORT Directions, a partner of Time Spot.
?We needed an easy-to-use, automated time and labor management solution that could interact with our existing HR and Payroll applications,? said William Chan Chandler, vice president, Glen Raven. ?Licensing Time Spot?s NETtime application will give us an overall view of our human resources and help us to reduce costs.?
A web-based application, NETtime is offered as either a hosted solution or an in-house licensed application. Aside from tracking employee time and attendance, Time Spot?s NETtime solution allows Glen Raven to track time by specific jobs or departments, enforce payroll policies, manage individual employee benefits and provide a variety of management reports.
?By using NETtime, Glen Raven can provide a comprehensive solution that will automate its time and attendance process across the company?s multiple locations,? said Scott Mertzel, Vice President of Corporate Sales, Time Spot, Inc.
Targeted to small, mid-sized and enterprise level companies, Time Spot provides web-based, client-server and desktop time and attendance solutions that enable companies to better manage their payroll, human resources and administrative costs. Time Spot?s innovative solutions are currently used by over 20,000 companies worldwide including ARAMARK, John Deere, Mesa Air Group, Cornell University, Texas Legislative Council and the University of Southern California.
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NETtime is a registere trademark of Time Spot Inc. All other names are the property of their respective owners.
Forward Looking Statements
Scott Berwitz (PR)/ Michael Gallo (IR)