Cyborg Systems Adds MMREF Functionality to The Solution Series/ST; Receives Accolades From Social Security Administration.

Business Editors

CHICAGO--(BUSINESS WIRE)--March, 21, 2001

Cyborg Systems, Inc., a leading worldwide developer of human resource management systems (HRMS), has become one of the first HRMS software providers to comply with the Federal government's new MMREF tax-filing file format requirements. The newest versions of Cyborg's best-in-class HRMS, versions 4.5 and 3.2 of The Solution Series/ST(R), incorporate the new MMREF functionality, ensuring that users will meet 2001 year-end requirements.

MMREF, or Magnetic Media Reporting and Electronic Filing, represents a significant departure from the previous Federal government filing process, which required that a paper signature be sent with a disk or magnetic tape. Now, beginning with 2001 year-end, organizations may submit all employee tax information and W-2 data electronically via the Internet. This new paperless filing process will allow them to verify their filing status through the Social Security Administration's Web site, while saving time and simplifying a portion of the tax reporting process. The MMREF functionality in Cyborg's newest versions of The Solution Series/ST will enable payroll professionals to comply with the regulation change and take advantage of the benefits of Internet-based filing.

Cyborg itself successfully submitted its own corporate 2000 year-end tax files using the new MMREF process. Stated Linda Zavatsky, product manager for The Solution Series/ST, "Members of Cyborg's HR Department were part of our testing for MMREF compatibility, and they found the inclusion of the Social Security Administration's Accuwage testing an integral step of the MMREF process. It allowed them to verify the readiness of Cyborg's file before it was sent to the government, and they were able to submit the information without having to create new media for the SSA and waiting for the receipt."

"Cyborg Systems is on the leading edge of the HR technology industry in providing this functionality to its customers," stated Norm Goldstein, senior financial executive with the Social Security Administration. "Cyborg's early adoption of the new MMREF electronic filing specifications and functionality will enable its customers to reduce their wage reporting burden by allowing them to use the Internet to file their Form W-2s with the Social Security Administration. It will also offer the user significant advantages by providing them with an extended due date (an additional 30 days) for filing their tax data, a receipt acknowledgement, and status information regarding their submission."

MMREF compliance is just one of the new features from which organizations taking advantage of The Solution Series/ST 3.2 or 4.5 will benefit. Version 3.2 of The Solution Series/ST also includes a variety of payroll enhancements, such as imputed income for dependent group life insurance, blank out termination dates for rehires, and a time card option that allows special checks to be generated for employees who have direct deposit. Version 4.5 incorporates a variety of new common-sense technology features such as desktop integration, automated workflow, a configurable graphical user interface, and improved batch processing and reporting.

Commented Zavatsky, "Cyborg Systems has earned a reputation during the course of the past 28 years for being one of the most compliant HRM systems in the world. With the integration of MMREF functionality, we're enabling Cyborg customers to proactively begin to comply with the Federal government's newest requirements. Our customers will also find the additional new features in The Solution Series/ST 4.5 and 3.2 of real value."

For more information regarding The Solution Series/ST versions 4.5 and 3.2, MMREF compatibility or any of Cyborg Systems' HR/payroll products and services, visit Cyborg's Web site at www.cyborg.com or call 800.4CYBORG (+1.312.279.7000 outside of North America).

About Cyborg Systems, Inc.

Cyborg Systems, Inc. is a leading software vendor of human resource management (HRM) solutions. Headquartered in Chicago, Illinois, Cyborg markets its products and services in North America, Latin America, Europe, Africa, Asia, and Australia. For more than 25 years, Cyborg has focused solely on bringing quality HRM solutions to a variety of industries worldwide.

Cyborg's "best-in-class" HRM solution includes The Solution Series/ST(R), an integrated HR management, payroll and benefits administration package; The Reporting Solution(R), a sophisticated reporting and business intelligence tool; and The ESS Solution(TM), an employee self-service package which streamlines HR processes. For more information about Cyborg Systems' product offerings, visit Cyborg's Web site at www.cyborg.com.

The Solution Series/ST and The Reporting Solution are registered trademarks of Cyborg Systems, Inc. The ESS Solution and The ASP Solution are trademarks of Cyborg Systems, Inc. All other company and product names may be trademarks of their respective owners.