Advantage Payroll Services Acquires Denver-Based ASAP Payroll.

Business Editors

AUBURN, Maine--(BUSINESS WIRE)--Aug. 1, 2000

Advantage Payroll Services, a leading national payroll and tax services provider, today announced the acquisition of ASAP Payroll, a Denver-based payroll services company that serves businesses in Colorado and the Rocky Mountain area.

"ASAP is our second acquisition in the Denver market since the opening of our Denver office in December, and we will continue to seek additional acquisition opportunities throughout the U.S. to complement our growth strategy," said Charles W. Lathrop Jr., CEO and President of Advantage Payroll Services. " ASAP clients will benefit from our high service levels and commitment to technology, especially with the addition of our newest payroll product, Internet-ready Instant Payroll (R)," added Lathrop.

ASAP Payroll was founded by David Conry in 1991, and since its inception, the company has serviced small and medium size businesses in Colorado and adjoining states. "ASAP clients are especially accustomed to personalized service, and they will continue to receive excellent customer service as well as having access to leading edge technology and payroll products with Advantage," said Conry. Advantage's Denver office is among the newest of the company's 40 national offices that serve clients in all 50 states. The rapid growth of Advantage Payroll Services is attributed to excellent customer service, product innovation and competitive pricing.

Based in Auburn, Maine, Advantage Payroll Services was founded in 1967, and is one of the top five payroll service providers in the US. It is the only national payroll company that offers direct deposit and tax filing at no additional charge. Advantage services 28,000 small and mid-sized business clients across the entire U.S. through 40 offices in 26 states. Advantage has the industry's highest Certified Payroll Professional (CPP)-to-client ratio and enjoys a client satisfaction rate exceeding 98%. More information on Advantage Payroll Services can be found on the company's Web site, www.advantagepayroll.com.