New President Takes the Helm at SurePayroll

Chicago — January 6, 2004 — SurePayroll, the nation's fifth largest payroll provider, has appointed Michael Alter as its new President.

"We are delighted that Michael has accepted this position," said Mark Achler, Chairman of the Board of Directors of SurePayroll. "Michael has been a driving force at SurePayroll since he joined the company as our fifth employee. His leadership in sales, marketing and business development has allowed us to achieve our ambitious growth goals in the past. Given his knowledge of our business, his track record, and his strong leadership skills, we are confident that he will build on this foundation to take SurePayroll to new and greater heights in the future."

Alter has served as Senior Vice President of Marketing and Business Development since 1999. Under his leadership, SurePayroll's customer base has grown to over 10,000 small businesses, comprising payroll payments of over $2.5 billion in 2003.

Previously, he was a consultant at McKinsey & Company, where he was a founder and leader of the Service Operations Practice. Prior to his earning his MBA from the Harvard Business School, Alter worked in various sales positions at IBM. He received an undergraduate degree in Economics from Northwestern University.

"I am excited about the opportunity to lead SurePayroll," Alter said. "Our success to date is based on our providing small businesses with a payroll solution that caters to their needs at an affordable price,” Alter said. "In the future, we hope to continue to grow the business at double-digit rates by maintaining the focus on innovation that has earned our customers' loyalty and the industry's respect."

About SurePayroll:
Privately held SurePayroll is America's fifth largest payroll provider and the nation's largest online payroll provider. Catering exclusively to the needs of small businesses, SurePayroll provides a simple, reliable and economical way to process payroll in minutes via the Internet. In addition to providing payroll services directly to small business, SurePayroll also provides a private-label payroll service that allows SurePayroll’s numerous partners to offer payroll processing to their small business clients. Business partners include Wells Fargo and ABN AMRO. For more information, visit www.surepayroll.com.

For More Information About SurePayroll:
Charlie Jolie
Walker Sands Communications
www.walkersands.com
Phone: (312) 207-1190, ext. 110
Email: surepayroll-inquiries@walkersands.com