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Nation's Largest Privately Held PEO is Renamed EPIX Holdings Corporation.

TAMPA, Fla.--(BUSINESS WIRE)--June 14, 1999--

Payroll Transfers Holdings Corporation, the nation's largest privately held professional employer organization (PEO), announced today that the company has changed its name to EPIX Holdings Corporation.

"A PEO is no longer just a human resources administration outsourcing business. EPIX provides a total turn-key solution that gives our clients the ability to focus on revenue-generating activities and our employees access to our benefits distribution channels to improve their way of life," said Steve Rosenthal, EPIX Co-CEO.

EPIX Holdings Corporation is the product of the July 1998 combination of Payroll Transfers, Inc. (PTI) and Employee Management, Inc. (EMI).

Co-CEO Tom Taylor added: "EPIX signifies the unity of PTI and EMI. Together, EPIX will continue to provide our clients consistently superior service through the `power of many.'"

EPIX Holdings Corporation, an investment of Keystone, Inc.; Odyssey Partners, L.P.; Insurance Partners, L.P.; and Zurich Centre Group Holdings Limited, provides a broad range of professional employer services including payroll administration, benefits administration, risk management and human resources management.

The company has corporate headquarters in Tampa, Florida and Woodbridge, New Jersey and sales offices in Atlanta; New York City; Philadelphia; San Antonio, Texas; Annapolis, Maryland and throughout Florida.
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Publication:Business Wire
Geographic Code:1USA
Date:Jun 14, 1999
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