Time Spot, INC. AND PAYROLL ASSOCIATES FORM SALES
AND MARKETING ALLIANCE
Tempe, ARIZ. (June 19, 2001) – Time Spot, Inc., a wholly-owned subsidiary of Vitrix, Inc. (OTC: VRXI), today announced an alliance with Payroll Associates, Inc., a developer of PayChoice, a leading payroll processing software specifically designed for service bureaus. The two companies have teamed up to provide customers with one-stop shopping for personnel management by providing a completely integrated Time and Attendance/Payroll solution for clients.
Under the agreement, Time Spot will provide time and labor management hardware/software solutions, strategic marketing materials, implementation, and training services for Payroll Associates’ software users and prospects, which complements the existing array of payroll service options offered by Payroll Associates.
“We consider the Payroll Associates partnership to be a key strategic alliance. We believe Payroll Associates’ strong client relationships and market presence will greatly expand Time Spot’s distribution reach and lead to increased market share within the time and labor management industry," said Thomas Bednarik, president and CEO of Time Spot.
"As market leaders, Time Spot and Payroll Associates will work together to market and deliver the reliable and scalable solutions businesses need to meet their growing demands for time and labor management," said Steve Morrison, president of Payroll Associates. "Time Spot’s comprehensive suite of time and labor management solutions, combined with our payroll processing solutions, will help our clients increase customer retention, reduce manual labor and gain market presence. It’s a win-win-win for everyone."
Time Spot, Inc.: Time Spot, Inc., based in Tempe, Arizona, is a leading B2B provider of time and labor management solutions for businesses of all sizes. Time Spot products improve productivity by automating collection of time and attendance data, staff scheduling and management of labor resources. For more information please visit the Time Spot Web site at https://timespothq.com.
Payroll Associates: Payroll Associates, Inc., headquartered in Moorestown, New Jersey, utilizes technology to deliver a superior package of payroll solutions integrating human resources, tax filing, and time/attendance with the power of the Internet, designed specifically for payroll service bureaus. For more information visit www.paychoice.com.
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, 2000, its subsequent Form 10-QSB filings 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.
Copyright 2003, Time Spot, Inc., A Vitrix Company. All rights reserved. 51 West Third Street Tempe, AZ 85281 Phone: (800) 561-6366 Fax: (480) 967-5444. Report any errors or difficulties with this page to: