Compensation Solutions Nominated for "New Jersey's Finest" Award

 Prestigious Awards Program Honors Fastest Growing Privately Held Companies

 FOR IMMEDIATE RELEASE
CONTACT:   PATRICIA BASILO
201-405-1115 

Oakland NJ - May 2004 — Compensation Solutions, one of the tri-state area’s leading Professional Employer Organizations (PEO) and a 2003 winner of the New Jersey’s Finest award, today announced that it has been nominated again for this prestigious honor. The annual program sponsored by NJBIZ considers a variety of business achievements such as increased revenue, employment growth, community involvement, and the company’s relationship to the overall economy of New Jersey. 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 award 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. Chosen from New Jersey’s wealth of closely held companies, the winning companies are models of vigorous growth and all-around excellence.  

"The New Jersey’s Finest program has a unique place as the premier showcase for privately held companies and we are honored to be nominated once more,” said Thomas J Cioffe, Compensation Solutions's Chairman and CEO.  "This nomination is special because it recognizes the talent and hard work of the Compensation Solutions team and their long-term commitment to the success of our company.” Compensation Solutions has claimed several other awards, including being selected as a finalist for NJ 2002, NJ 2003 and most recently for the NJ 2004 Ernst & Young Entrepreneur of the Year® (“EOY”) award. 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.  

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.