CBS Payroll Offers Total electronic Payroll Solution; TePS Poised to Become the Rave of the Future.

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FORT WORTH, Texas--(BUSINESS WIRE)--June 26, 2000

Payroll processing has just taken a giant e-leap forward. CBS Payroll, a leading national provider of employer services since 1966, today unveiled its sweeping product concept, the Total electronic Payroll Solution.

With TePS(TM), businesses have convenient, efficient access to a completely paperless payroll solution. From employee payroll information entered via CBS Net-Pay(TM), the standard in Internet payroll applications, or via CBS's PC software, Payroll Connection(TM) 2000, to final wage delivery in the form of direct deposit or CBS PayCard(TM), employers are eagerly choosing the advantages that only CBS Payroll's electronic package can provide.

Utilizing a combination of Management and Employee Self-Service concepts, TePS clients input employee information by Internet or by computer; pay employer and employee federal, state, and local taxes with CBS' TaxFree(TM) electronic funds transfer service; transmit worker's compensation, insurance, and retirement premiums (via service features like Unicomp(TM), Uniplan 401(k)(TM), and Uniplan 125(TM)); access an industry-leading variety of payroll reports; and finally, deliver employee monies electronically through Direct Deposit and/or the CBS PayCard. Employees can access their pay information via a password-protected secure Internet site, eliminating the need to distribute paper check stubs. While some of these features are fresh additions to the CBS Payroll product realm, others serve as the foundation of TePS with a proud history of product advancement and improved convenience for employers.

"We have an unprecedented opportunity to revolutionize how the payroll process is completed. For years, many industries have promised to lead the paperless revolution. CBS brings this much closer to a reality for employers and employees all across the nation," says President Micheal Sykes. "TePS will be the benchmark against which all other payroll services will be measured."

CBS Payroll anticipates enhanced top-line growth combined with greater profitability over the next few years through the cross-sale of the products that comprise TePS. Combined with the emphasis on reaching the Internet market via horizontal and vertical electronic portals, CBS Payroll will be poised to effectively leverage its knowledge of employee earnings and personnel data to provide content-specific database marketing to hundreds of thousands of employees.

About CBS Payroll

As the provider of payroll and employer services for more than 11,000 companies nationwide, CBS Payroll has been serving businesses for more than 34 years. Headquartered in Fort Worth, Texas, CBS Payroll currently has sales offices in Phoenix, Ariz.; Los Alamitos, Los Angeles, Palm Desert, San Bernardino, and San Diego, Calif.; Denver, Colo.; Hartford, Conn.; Honolulu, Hawaii; Boston, Mass.; Austin, Dallas, Fort Worth, Houston, and San Antonio, Texas; and Salt Lake City, Utah. More information about CBS Payroll, featuring their innovative CBS Net-Pay Internet payroll service, can be found on the company's website at www.cbspayroll.com, or by calling 1-888-920-4227.

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