TBO Establishes $2 Million Relationship With Advance Payroll Funding.

Business Editors

CLEVELAND--(BUSINESS WIRE)--Aug. 12, 2002

-- Reaches Profitability After Four Months

-- Announces $25 Million Annual Sales Goal

TBO Company, LLC today announced that it has established a $2 million funding agreement with Advance Payroll Funding,

This agreement will provide TBO with considerable flexibility and capacity, as it executes its plan to achieve $25 million in annual sales.

Andrew Tasker, chief executive officer, stated, "The TBO Company plans to expand rapidly in the temporary staffing industry. Within four months of commencing operations, we have grown to $8 million in annualized sales and have reached profitability. Our veteran management team provides the leadership and resources that will support continued growth and success."

TBO, which stands for The Business Office, provides staffing and human resources solutions to employers with commercial and information technology needs. TBO was founded in April, 2002 and has emerged as one of the most rapidly expanding companies in this industry.

"Our new credit facility is another important step forward for TBO," said Ray Yoder, TBO's chief financial officer. "Advance Payroll Funding is a specialized financial provider to the temporary staffing industry. Their knowledge of the requirements of this industry makes them a preferred partner for us, as we move ahead on our high-growth strategy."

Joel Adelman, President of Advance Payroll Funding, commented, "We are pleased to add TBO Company to our list of clients. TBO has made strong progress in a short period of time and is already emerging as a new leader in the temporary staffing industry. We look forward to developing our relationship with them."

TBO has recently opened new offices in Buffalo, Binghamton, Geneva, Palmyra, Rochester, Syracuse, and Elmira, New York, as well as in Northeastern Ohio. It has also added representatives in its Buffalo, Ithaca and Cortland, New York branches.

TBO Company, LLC (The Business Office) was organized to provide employers with support services that help them to operate their businesses more efficiently. TBO achieved rapid growth since its inception, which reflects its solid financial position and consistently strong client service. TBO is owned by its employees and managed by experienced professionals with many years of industry experience. TBO's Commercial division provides companies in a variety of industries with employees on a contract basis. The IT division provides clients with both employees and technology solutions, including sophisticated computer systems, web hosting, tech support, network design, IT recruiting, and personnel training. The TBO-Keynote Systems division provides outsourced transaction processing services to clients in the temporary staffing companies and medical offices.