CompuPay is the largest privately-held payroll services company in the country and among the top five overall. With a rich history that spans over a quarter of a century, CompuPay has been recognized as a technology leader and one that consistently delivers among the highest client satisfaction and retention rates in the industry.

Being part of CompuPay means being part of a highly driven, motivated team of individuals who are committed to delivering technologically advanced payroll products and highly responsive client service, all in a supportive, energetic and flexible environment.

History

CompuPay was founded in 1980 by a Miami based entrepreneur. Over the years, the company grew in the markets of New York City, Seattle, Phoenix, and South Florida both directly and through a group of licensees. The company eventually purchased the licensed operations and operated under a single umbrella.

In January of 2004, controlling interest in the company was sold to Willis Stein and Partners, LLC, a Chicago based private equity group. This is Willis Stein's second investment in the payroll processing industry following their highly successful investment in Advantage Payroll Services. With Willis Stein's experience in the industry and their commitment to invest up to $100 million, CompuPay embarked on a very exciting journey.

During 2004, CompuPay made its first acquisition in TPM, a California based payroll processor, opened new offices in San Diego, Atlanta, Sacramento, and Tucson and significantly expanded its sales force presence in all of its markets.

Charlie Lathrop joined CompuPay in January of 2005 as its Chairman and Chief Executive Officer, having successfully led Advantage to become a highly respected national payroll company. Since his arrival, CompuPay has continued to implement its aggressive growth strategy by building an industry leading management team and making significant investments in training and technology.

In July of 2005, CompuPay made its second significant acquisition of PayMaxx, Inc. PayMaxx, was a Tennessee based payroll provider who served a broad client base with leading technology.

Now, over 25 years later and with offices across the United States, CompuPay is the largest independently owned payroll service in the country and in the top five nationwide. CompuPay clients employ between one and ten thousand employees each and have come to expect the best in products and services. Our continued success will largely be due to our commitment to stay focused on our goals and commitments as outlined in our Mission Statement.

Mission

At CompuPay, Inc., it is our mission to be nationally recognized by our clients, employees and peers as the premier provider of payroll processing and related solutions to the small to mid-sized businesses.

We can realize our mission by consistently providing:

• An unparalleled commitment to excellence in the delivery of our payroll related products and services while meeting the evolving needs of our current and potential clients through innovation.

• Our employees with a workplace that fosters professional and personal growth in an environment that promotes trust, respect and clear expectations and the highest levels of ethical, social and legal behavior.

• The communities that we serve with our commitment to continually contribute to the enhancement of their well being.

We believe that by providing this level of value to our clients, employees, and communities, the best interest of our shareholders will be served.