Compensation Solutions Selected as one of "New Jersey's Finest" Companies  

For Second Year 

Prestigious Awards Program Honors Fastest Growing Privately Held Companies

Oakland NJ - September 2004 — Compensation Solutions, one of the tri-state area’s leading Professional Employer Organizations (PEO), today announced that it has been selected as one of "New Jersey's Finest" in the annual program sponsored by NJ BIZ. The award, which is presented to honor the state's 25 finest privately held companies, is based on a variety of achievements including impact on the New Jersey economy, revenue increases, employment growth and attainment of goals. At an awards dinner to be held in September, a blue-ribbon panel of judges will name one of the 25 companies as "Company of the Year."

  “The New Jersey’s Finest 2004 recognizes and honors the fastest growing private companies whose leaders have the vision and determination to beat the odds and build companies that contribute to the state of New Jersey,” said George Taber, president of NJBIZ.  Past winners of this award include some of New Jersey's most successful companies, including Anadigics, Dendrite International, Emcore, the Hillier Group, Logical Design Solutions, Novasoft and Sigma Plastics Group.

  "We are delighted to be chosen from among the many excellent companies nominated for this program," said Thomas J Cioffe, Compensation Solutions's Chairman and CEO.  "This award is a testament to the outstanding performance of the Compensation Solutions team in serving the country’s largest and most challenging employment market”. Compensation Solutions has claimed several other awards, including recently being selected as a finalist for NJ 2002 and NJ 2003 Ernst & Young Entrepreneur of the Year® (“EOY”) awards. The EOY program recognizes a select group of entrepreneurs whose ingenuity, hard work and perseverance have created and sustained successful, growing business ventures; entrepreneurs who represent the dynamic, resilient and innovative spirit of New Jersey’s diverse business community.

  “Being selected as finalist for this prestigious award, from more than 250,000 businesses in NJ, is a tremendous honor and a tribute to the talent and hard work of our entire team,” said CEO Thomas J Cioffe. “It’s very exciting for all of us, to be included among this select group. What a thriving entrepreneurial community we have here in New Jersey, made up of terrific companies with great vision, all working to create value.”

  About Compensation Solutions

Compensation Solutions is a leading professional employer organization (PEO) that serves as a full-time outsourced human resource partner for small and mid-sized businesses throughout the Tri-State area and the United States. Compensation Solutions’ headquarters is located in Oakland, NJ with offices in Manhattan.  For additional information, please visit our website at www.Compensation Solutionsinc.com.

  About "New Jersey's Finest" Program

The "New Jersey's Finest" Program was started in 1989 to honor the state's many excellent privately held companies.  Each year 25 companies are selected and one additional company is inducted into the Hall of Fame. The Hall of Fame winner is the company that has won the New Jersey's Finest award in the past, and continues to be extraordinarily successful. In September, NJBIZ devotes an issue to stories on each of the winning companies.

  NJBIZ, founded in 1995, is the leading Internet source of news and information about New Jersey companies and the New Jersey economy. The sponsors of the New Jersey's Finest program are NJBIZ, a weekly newspaper that reports on business in New Jersey; Prudential Financial, Inc., a global provider of financial services; Norris, McLaughlin & Marcus, P.A., a full service law firm serving domestic and international clients; PNC Bank, one of the largest diversified financial services organizations in the United States; and PricewaterhouseCoopers, LLP, an international accounting and consulting firm.