TEMPE, Ariz.--(BUSINESS WIRE)--Sept. 10, 1999--
Vitrix, Incorporated(R), the sole operating entity of FBR Capital Corporation (OTC BB:FBRR), today announced a partnership with PayMaxx, Incorporated (R), a privately-held, national payroll processing company headquartered in Franklin, Tennessee.
"When PayMaxx and Vitrix began working together in July of this year I was impressed with Vitrix's dedication to customer value. The key ingredients - technology, quality, service, and competitive pricing - were all there," said Farsheed Ferdowsi, PayMaxx President and CEO.
"It is easy to find a company with a complementary product line, but it is not necessarily easy to find a company with a complementary product line and a business philosophy that is congruent with one's own. Yet, after working with them for a short while, this is the scenario we found ourselves in with PayMaxx, and it was at this point we began to actively pursue a strategic alliance," said Philip R. Shumway.
As a result of the preliminary teaming of Vitrix and PayMaxx, Vitrix has incorporated a payroll link to PayMaxx within its popular HourTrack 98(tm) Time and Labor Management software application. All HourTrack 98 customers are encouraged to download Service Release 9 from Vitrix's Online Customer Connection (www.vitrix.com/support). This link will exist in all future releases of HourTrack, including the upcoming HourTrack 2000(tm) Workforce Management Suite(tm).
With the partnership now firmly in place, both companies will: recommend the other's products and services to new and existing customers, hyperlink to the other's Web site, advertise in the other's newsletters, and continue to work closely together on future product releases.
"Within the scope of our new partnership, Vitrix's job-one is to focus on the completion of a 100% Web-Based Time and Attendance solution to seamlessly integrate with PayMaxx's industry-leading POWERPayroll(tm) - a revolutionary Internet payroll solution," said Hamid Shojaee, Vitrix's IT Director.
About PayMaxx
Founded in 1991, PayMaxx offers state-of-the-art products and services to meet a variety of employer needs including payroll processing, nationwide tax filing, human resource management, 401(k) plan administration and general ledger interfaces. Some of PayMaxx's customers include Regal Cinemas, Service Experts, Tractor Supply Co. and StaffMark. For more information about POWERPayroll, call Nicholas Adkins, VP Business Development, 615/791-4000 ext.756. A demo of POWERPayroll can be viewed at www.powerpayroll.com. PayMaxx and POWERPayroll are trademarks of PayMaxx, Incorporated.
About Vitrix
Vitrix is a Workforce Management software developer of software/hardware solutions for businesses of all sizes. For more information, visit Vitrix's Web site at http://www.vitrix.com. For the latest pricing and special promotions, visit the Vitrix Online Store at http://store.vitrix.com. Marketing materials, evaluation kits and free downloads are available through the Web or by calling Vitrix at 800/561-6366. Vitrix, HourTrack 98, and HourTrack 2000 Workforce Management Suite are trademarks of Vitrix, Incorporated.