Time Spot Press Releases
Time Spot ANNOUNCES BUSINESS RELATIONSHIP WITH INTUIT TO DELIVER TIME AND LABOR MANAGEMENT SOLUTIONS
TEMPE, Ariz., January 26, 2004 ? Time Spot, Inc. (OTCBB: TMAM), a leading provider of time and workforce management solutions, has entered into an agreement with Intuit Payroll Services, a division of Intuit Inc. (NASDAQ: INTU), to offer automated time and labor management solutions to Intuit?s customer base.
Under the terms of the agreement, Intuit will refer Intuit customers who are seeking a fast and easy way to document and track time and labor to Time Spot?s web-enabled offering, NETtime?, and its PC-based solutions. Time Spot?s products integrate with Intuit?s payroll processing services providing Intuit Payroll Services? customers with automated collection and transfer of data.
?We have a unique opportunity to add significant value to Intuit?s growing base of payroll clients,? said Thomas Bednarik, President and CEO of Time Spot, Inc. ?Our relationship with Intuit enables us to offer automated workforce management solutions as a value-add to Intuit?s breadth of payroll services.?
NETtime is a 100 percent web-based application that offers a fast, easy and customizable method of automating a company?s time and attendance. Offered as either a hosted solution or an in-house licensed application, NETtime is accessible from any computer with Internet access. With NETtime, companies can gain control over all aspects of time and labor management, reduce costs and track human resources. The system provides companies with the convenience of the most advanced time and labor management software on the market with the added bonus of paying as they use it.
Targeted to small, mid-sized and enterprise-level companies, Time Spot?s proprietary hardware and software applications automate the process of collecting time and labor data and provide interfaces to most popular payroll and financial software solutions. Time Spot?s innovative solutions are currently used by over 15,000 companies worldwide including ARAMARK, John Deere, Johnson & Johnson, Kraft, Mesa Air Group, Comfort Inn, Cornell University, Texas Legislative Council and the University of Southern California.
Intuit Payroll Services Complete Payroll offers an easy and pain-free way to outsource payroll. It is the only full service payroll solution that seamlessly downloads data into QuickBooks®, Intuit's best-selling accounting software for small and midsize businesses. Complete Payroll gives business owners control over their finances ? allowing them to store all financial data in one place and analyze the information by whatever level of detail they choose in order to gain deeper insight into their business. Complete Payroll also offers businesses the convenience of outsourcing payroll duties ? including calculations, deducations and tax filings ? giving customers more time to focus on their business.
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 16 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. For more information, please visit the Time Spot Web site at timespothq.com.
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NETtime? is a registered trademark of Time Spot Inc. 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 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.
Time Spot, Inc.
Yin Chang (PR)/ Michael Gallo (IR)
(212) 896-1228/ (212) 896-1258