Time Spot Press Releases
Time Spot FORMS NEW SUBSIDIARY
NetEdge Devices, LLC to Provide Advanced Data Collection Device
SCOTTSDALE, Ariz., January 10, 2005 ? Time Spot, Inc. (OTCBB: TMAM) has formed a subsidiary company, NetEdge Devices, LLC, which will manufacture and distribute a new line of advanced data collection devices that track and display critical labor information across a variety of industries.
Headquartered in Scottsdale, Ariz., NetEdge Devices will offer its TA7000 family of data collection devices as a private label solution to software application development companies, systems integration providers and value-added resellers. The TA7000 device tracks time and attendance information, which can be easily integrated into a company?s human resources system including payroll. The device can also serve as the front end interface for other corporate systems, such as employee self services, enterprise resource planning (ERP), manufacturing resource planning (MRP),and security/access control.
Unlike most devices currently on the market, the TA7000 data collection series has a truly open architecture that enables OEM partners to fully control, develop and integrate their own proprietary applications into the device.
?Since we unveiled our time clock series this summer, we have received a significant amount of interest from our resellers and partners who are seeking a private label relationship,? said Thomas Bednarik, president and chief executive officer of Time Spot. ?By forming the NetEdge subsidiary, we are creating a separate focus for the TA7000 series in order to target a diversified number of prospective industries.?
Jon Weiss, vice president of business development for Time Spot, will lead the NetEdge business alliance and OEM program. With more than 18 years of experience in marketing enterprise resource planning (ERP), and manufacturing and warehouse solutions, Mr. Weiss will be responsible for the sales of NetEdge products to the OEM channel.
Commenting on the abilities of the TA7000 series, Mr. Weiss said: ?Not only does the TA7000 line meet traditional time and attendance inputs, but it also serves as a kiosk for workers without computers to access Employee Self Services such as schedules and benefit accruals via a color touch screen using fingerprint biometrics for security.?
About NetEdge Devices, LLC
A wholly owned subsidiary of Time Spot, Inc. (OTCBB: TMAM), NetEdge Devices manufactures, markets and sells a series of technologically advanced data collection devices that increase operational efficiency and decrease cost in labor management practices within corporations and organizations. For more information on NetEdge Devices or the TA7000 terminal series, please contact Jon Weiss at or visit the Company website at www.netedgedevices.com.
About Time Spot, Inc.
Time Spot, Inc. has been a leader in providing innovative workforce management since 1988. Our software and data collection solutions enable companies to transform employee time and labor data into information that improves payroll processing and workforce productivity. The Deloitte Technology Fast 500 has honored Time Spot as one of the 500 fastest growing technology companies in North America. For more information, please visit the Time Spot Web site at timespothq.com.
NetEdge Devices and TA7000 are registered trademarks of Time Spot, Inc. All other names are properties 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, 2005, and subsequently filed form 10-QSB?and Form 8-K?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.