Chicago Growth Partners VIII Clocks in with Third Investment, $30-Million Commitment to Atlanta's Time Plus.

CHICAGO -- CGP Projects Significant Market Opportunity in Payroll, Tax & Benefits Administration of Small, Midsized Companies

Chicago Growth Partners LLP ("CGP"), a Chicago-based private equity firm that focuses on lower middle market growth companies, today announced the third investment of CGP VIII. CGP, whose partners manage a $1-billion private equity portfolio, has invested $30 million in Time Plus, Inc. of Atlanta, GA, an emerging provider of payroll, tax filing and benefits management services to small and mid-sized companies in a wide variety of industries. CGP VIII's first two investments, also announced recently, were in eInstruction Corporation and Genoptix, Inc. The Private Equity Group of Goldman Sachs Asset Management and the Time Plus management team are also investors in the deal.

Time Plus combines a proprietary technology platform that integrates the payroll, human resources, and timekeeping function, with exceptional support and personalized services. Time Plus's leading-edge technology platform and approach to customer service will allow it to exceed the quality and scope of offerings traditionally available through other national payroll service providers.

"We are excited about our partnership with Time Plus, Inc." said CGP Vice President Ed McMahan. "We believe Time Plus, Inc.'s outstanding management team has well positioned the company for strong growth in the $15 to $20 billion small and mid-sized markets. Its innovative product solutions and superior service model have been well accepted and we project continued success as we support the growth of the business."

Since its founding in 1989, the Time Plus has grown into a network of over 210 service centers located throughout the U.S. and Canada. Time Plus, Inc., together with its licensees and franchises, is rapidly expanding into the payroll services market, and currently provides services to over 30,000 businesses representing various market sectors.

According to Time Plus, Inc. Chairman and CEO Stephen W. Gregg, "We are delighted about our partnership with CGP. This investment will enable Time Plus to expand its national footprint organically and through strategic acquisitions."

About Chicago Growth Partners

CGP is a Chicago-based private equity investment firm committed both to its investments and its investors, and concentrating in the lower middle market. The firm targets four primary industries: business and consumer services, healthcare, industrial growth and information technology. CGP's partners have specialized in these industries for more than 20 years and their combined experience in each of these four areas totals 100-plus years. CGP distinguishes itself through its experienced team - including in-house marketing, information technology and operations expertise, its approach to the development and execution of strategies designed to build success, its focus on growth as the primary driver of returns and its commitment to partnering with portfolio companies that demonstrate strong management and opportunity. CGP moves beyond the delivery of growth capital by lending significant industry experience, knowledge and leadership in each business situation. (For more information, go to www.cgp.com.)

About Time Plus, Inc.

Established in 1989, and headquartered in Atlanta, Georgia, Time Plus, Inc. is a developer and marketer of payroll, payroll tax, and timekeeping software solutions which seamlessly integrate the payroll process. Time Plus, Inc. focuses on small to mid-sized businesses, but the company also offers an enterprise solution designed for large corporations. The management team identified a gap in payroll service and advanced technologies available to small- to mid-sized businesses and plans to fill that market niche. Time Plus has over 210 independently owned and operated offices throughout the United States and Canada which provide local, personalized payroll services and technologies to over 30,000 businesses. The company's mission is to deliver unparalleled payroll, timekeeping and human resources software and supporting services. (For more information, go to www.timeplus.com.)