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Technology Stocks : TALX (TALX) -- Ignore unavailable to you. Want to Upgrade?

To: Ken Ridge who wrote (2)	6/9/1997 10:10:00 AM
From: JakeStraw	Respond to of 93

TALX achieves 100 percent year-to-year growth of The Work Number for Everyone Employers contracting automated employment and salary verification service doubles ST. LOUIS--(BUSINESS WIRE)--June 3, 1997--TALX Corporation (NASDAQ:TALX) today announced that since last year, The Work Number for Everyone(R) has achieved 100 percent annual growth in the number of employers who use the service to outsource employment verification. As of June 1996, nearly 69 employers were using The Work Number to outsource employment verification. Today that number has doubled to nearly 150, including Wal Mart -- the nation's largest employer -- and several federal government agencies. This is a growing trend among Human Resources departments that have realized the impact automation can have on the employment verification process. The Work Number national database consists of over 10 million employee salary and employment records from many large corporations such as Hewlett Packard, J.C. Penney, Motorola, Procter & Gamble, Quaker Oats Company, Sears Roebuck & Company and Walgreens. And most recently, Tribune Company has signed onto the service. ``Time and time again, we have been told that The Work Number has made a dramatic impact on the day-to-day administrative tasks within Human Resources departments of many large organizations,'' commented Gary Been, national product director for TALX. ``And lenders appreciate the immediate access to accurate data for processing paperwork. This is definitely a win-win situation for all those involved.'' How It Works - The Work Number for Everyone The Work Number for Everyone is an automated solution for large companies that find employment verification a burdensome, expensive administrative task. Prior to the establishment of The Work Number, a lender would call the employer to verify an employee's salary and employment history as a normal course of the loan underwriting process. Manual processing of employment verification requests could take days or weeks depending on the number of requests received. Now under The Work Number, an employee applying for a loan simply provides the lender with an authorization code to access the service. This ensures employee information is kept confidential to only those who are authorized to use the system. Lenders then have instant telephone access to salary and employment information. They can also request verification by fax if necessary. To ensure accuracy, employee information in the database is updated each pay period by participating employers. For large employers who process tens of thousands of requests per year, The Work Number streamlines the employment verification process, reducing the time and expense involved in manually processing requests. The service directly links lenders to the information they need and also speeds the loan approval process for employees. Employment verification through The Work Number is not just for loan approval. Many property managers, leasing companies and credit card issuers have incorporated The Work Number service into their leasing or credit approval process as well. TALX Corporation Background St. Louis-based TALX Corporation designs and implements interactive Web and interactive voice response (IVR) solutions, primarily for Fortune 500 companies and other large organizations, using computer telephony to integrate technologies such as facsimile, e-mail, Internet and corporate Intranet. The company's interactive communications solutions enable an organization's employees, customers and others to access, input and update information without human assistance. The company's solutions enhance service levels, improve productivity and reduce costs by enabling users to perform self-service transactions using interactive communications technologies. Any statement in this press release expressing the beliefs of TALX management could be forward looking and involve risks. TALX Corp. is a public company (NASDAQ:TALX). Further information about the risks to TALX Corp.'s future performance is obtainable through documents on file with the Securities and Exchange Commission. More information about TALX Corporation and The Work Number for Everyone, including a complete list of all companies whose records are on the database, can be found on the Internet at www.theworknumber.com . A demo of the product is also available by calling 800/9WORK-NO. Note: Editors attending IHRIM Spring Conference: Please visit TALX Corporation, Booth No. 546. Contact: TALX Corporation Jackie Engel, 314/434-0046 jengel@talx.com or DG&A Communications Jill Sherman, 314/725-0122 jills@dgastl.com