To: zora who wrote (8791 ) 2/12/1999 10:38:00 AM From: Jules Respond to of 56535
Employee Solutions, Inc. Establishes Strategic Alliance With IPEO, Inc.; Web-based Business Platform Provides Broader Range of Services PHOENIX, Feb. 12 /PRNewswire/ -- Employee Solutions, Inc. (Nasdaq: ESOL - news), one of the country's leading professional employer organizations, announced today that it has established a strategic alliance with IPEO, Inc. an Internet-based professional employer organization targeting technology and technical service firms. ''In addition to marketing and technical initiatives, we have taken an equity position in IPEO, Inc. by investing one million dollars in senior preferred stock,'' said James E. Gorman, president and CEO of Employee Solutions, Inc. Mr. Gorman will join IPEO's board of directors. ''Today's national business market requires innovative and efficient business solutions. This alliance significantly enhances the variety of business services we can offer. IPEO's web-based business platform will provide customers a broader range of specialized, tailored solutions,'' said Mark J. Gambill, senior vice president of sales and marketing for Employee Solutions. ''More and more businesses are utilizing the Internet because it is cost effective. Our association with IPEO will allow us to offer a broad range of communication and servicing options.'' Jay Whitehead, IPEO's chairman and CEO stated, ''Business owners must focus, now more than ever, on developing new customers and revenue. The Employee Solutions/IPEO alliance addresses the cumbersome tasks of maintaining and managing a dynamic employee workforce 24-hours a day with today's most advanced communications tools.'' The alliance between Employee Solutions and IPEO will focus on joint strategic initiatives, cross-company product marketing, and utilization of communication interfaces for their various business customers. Employee Solutions provides employers throughout the United States with comprehensive payroll, human resources and benefits outsourcing services. For additional information, you may access the Company's Web site at www.employeesolutions.com. IPEO's Web site is www.ipeo.com. SOURCE: Employee Solutions, Inc.