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Time Spot Press Releases

LG ELECTRONICS AND Time Spot CONCLUDE VALUE ADDED RESELLER AGREEMENT
Time Spot to incorporate LG IrisAccess® 3000 Iris Recognition System into its labor management solutions

TEMPE, AZ, and JAMESBURG, NJ, Sept. 13, 2004 ?LG Electronics U.S.A., Inc. has selected Time Spot, Inc. (OTCBB: TMAM) to become a Value Added Reseller partner of its Iris Technology Division.

Under the terms of the agreement, Time Spot will remarket and resell the LG IrisAccess® 3000 system as an integral part of its suite of automated labor management solutions. The LG IrisAccess 3000 system, delivers unsurpassed accuracy in authenticating humans. Digital video imaging ? essentially pictures ? of the unique patterns found in the iris of the eye can provide high integrity biometric authentication of an employee without PIN numbers, passwords or ID cards.

The LG IrisAccess 3000 interfaces directly to Time Spot?s NETtime? and GENESIS? labor management applications, providing automated collection and transfer of this employee data. This integration will allow Time Spot customers to combine highly versatile time and workforce automation capabilities with the world?s best authentication technology.

?LG?s IrisAccess 3000 system provides an advanced level of biometric-based security to customer environments that require a higher level of safety and security of people and physical assets,? said Thomas Bednarik, president and CEO, Time Spot. ?The interface from LG?s iris recognition system to our labor management products enables us to provide a turnkey solution to our customers.?

LG?s iris recognition technology coupled Time Spot?s labor management applications helps organizations to drastically reduce labor costs by eliminating manual time tracking processes and better control schedule enforcement, buddy punching, and access control. The resulting offering will expand Time Spot?s solution functionality to include access control to restricted areas and will restrict late arrivals/early departures.

David B. Johnston, Vice President of Marketing at LG?s Iris Technology Division commented, ?Today?s challenge is about aligning technology spending to areas where definitive ROI can be achieved, and a key focus is on how to truly maximize performance of the human assets every company has. This partnership combining state of the art labor management automation solutions and the best biometric identity will yield powerful tools where ROI can be calculated across an organization, within a work unit, or even highlighted at the individual level.?

Targeted at 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. These time and attendance solutions are currently used by over 20,000 companies, academic and legislative institutions worldwide including ARAMARK Corporation, John Deere, Mesa Air Group, Cornell University, Texas Legislative Council and the University of Southern California.

About Time Spot, Inc.
Time Spot, Inc. (TMAM.OB) is a leading provider of web-based, client-server and PC-based workforce management solutions. With more than 17 years of experience, Time Spot?s family of NETtime?, HourTrack? and GENESIS? 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 LG Electronics
LG Electronics, a principal component of South Korea?s $60 billion LG Corp has been active in Iris recognition research development and production since 1997. In 2002, LG Electronics US-based Iris Technology Division assumed global responsibility for all operations, marketing and distribution for the LG?s Iris recognition business. LG IrisAccess platform is the leading Iris recognition system in the world and is deployed in public and private sector applications on six continents. LG IrisAccess is developed under a technology license from the Iridian Technologies of Moorestown, NJ, USA.

NETtime and GENESIS are registered trademarks of Time Spot Inc. IrisAccess is a registered trademark of LG Electronics. 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.

CONTACTS

For Time Spot, Inc.
Corrine Solomon / Scott Berwitz
480-296-0428/  212-896-1272
/  

For LG Electronics USA Inc., IRIS Technology Division
Clara Chang/ David Johnston
201-816-2011
/ 609-819-4707 

     
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