Lovett Miller & Co. Porftolio Company, Employease, Closes FY with 90% Year Over Year New Sales Growth

July 2005

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Tampa, Fla. – (July 2005) – Employease, the leading provider of on-demand HRIS, benefits administration and outsourcing solutions, posted record results for its fiscal year ending June 30, 2005. New sales grew 90% compared to fiscal year 2004, and new sales for the fiscal fourth quarter (Q4) rose 69% compared to the same period last year.

"We are continuing to innovate and raise the bar for what organizations can expect from their human capital management suppliers," said Phil Fauver, chief executive officer of Employease. "The proof is in our highly referenceable customer base, our award winning solutions, and our exceptional financial results."

Results include:

Sales - New sales grew 90% year-over-year. New sales for fiscal Q4 2005 also grew 69% compared to the same period last year.

New Customers Including - Excel Polymers, LLC (1,100 employees), Lightbridge (1,000 employees), and Sanmina-SCI (12,000 employees).

Up Market Growth - 63 organizations with more than 1,000 employees signed contracts with Employease during fiscal 2005.

Product - Upgraded the company's Benefits Administration, Workflow, Manager Self Service, and Recruitment applications.

Business Process Outsourcing - New sales for outsourcing services more than doubled during the fiscal year compared to the same period last year.

Partnership - Formed a strategic alliance with Aon Human Resources Outsourcing (Aon HRO), a division of Aon Consulting Inc. The alliance enhances Aon's ability to offer affordable, flexible and scalable technology and outsourcing   solutions to Aon clients with fewer than 2,500 employees.

Internal Controls - Employease obtained a SAS 70 Type II audit report, an audit of the design and operational effectiveness of our internal controls.

Award - Selected by Forbes Magazine for its "Best of the Web" award in the Human Resources.

Award - Ranked #1 Employee Benefit Information System by Business Insurance Magazine.

Employease provides web-based HR and benefits solutions and outsourcing options for companies of all sizes that give HR professionals the power to choose where and by whom HR tasks are completed. A customer's existing HR and benefits staff can use Employease's applications and/or Employease can use its applications to provide process outsourcing services on a customer's behalf.
"The company's applications include full-featured HRIS, benefits administration, employee self-service, manager self-service, leave management, performance management, recruitment and connectivity to internal systems, benefit providers and other service providers. Employease outsourcing solutions include employee call center, carrier billing, invoice reconciliation, enrollment support, fulfillment services, COBRA, HIPAA and flexible spending account administration. 

About Lovett Miller & Co.
Lovett Miller & Co., co-headquartered in Jacksonville and Tampa, Florida, provides growth capital and shareholder liquidity for rapidly growing, privately held companies throughout the United States with a particular emphasis on technology-enhanced service companies and healthcare firms. The Firm invests in a range of financings including (1) growth capital, (2) minority shareholder liquidity transactions, and (3) growth buyouts.  Lovett Miller & Co. typically invests $5 to $15 million in equity per company, although it is willing to consider both smaller and larger equity investments. For more information, visit