Compensation
Solutions Selected as one of
"New Jersey's Finest"
Prestigious
Awards Program Honors Fastest Growing Privately Held Companies
Oakland
NJ
– July 31, 2006 — Compensation Solutions (COMPSolutions), one of the
tri-state area’s leading Professional Employer Organizations (PEO),
was recently selected as one of New Jersey’s Finest for the fourth
consecutive year. The annual program produced by NJBIZ and sponsored by
PriceWaterhouseCoopers, Lowenstein Sandler and PNC Bank honors the
state’s 50 fastest growing companies. In order to qualify for the
award, companies must be for-profit, headquartered in New Jersey and in
business for the past three years with at least $500,000 in revenue
during that period. Companies
were ranked according to revenue growth over a three-year period; both
dollar and percentage increases were taken into consideration.
The awards recognize and identify the state’s most dynamic
companies that have made significant contributions to the strength of
our economy. NJBIZ and the program sponsors will honor this year’s
winners with an awards ceremony on Monday, September 25th at
the Sheraton Woodbridge in Iselin, New Jersey.
“We
are truly fortunate to have the opportunity to recognize these
outstanding companies,” said David A. Shankweiler, CEO of Journal
Publications, parent company of NJBIZ. “As business and community
leaders, they are constantly redefining success within the business
arena. On behalf of NJBIZ, we would like to thank and congratulate these
50 outstanding companies.”
"We
are honored to be chosen from among the many excellent companies
nominated for this program," said Thomas J Cioffe, COMPSolutions’
Chairman and CEO. "This
award is a testament to the hard work and dedication of the
COMPSolutions team in serving the country’s largest and most
challenging employment market.” Mr. Cioffe and COMPSolutions have
claimed several other awards, including being selected as a finalist for
the past five years for the New Jersey 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.
About Compensation
Solutions
 COMPSolutions
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.
COMPSolutions’ headquarters is located in Oakland, NJ with offices in
Upper Saddle River and Manhattan. By managing employee benefits, human
resources, payroll and workers’ compensation administration,
COMPSolutions allows its clients to focus on their core competencies to
maintain and grow their bottom line. For additional information, please
visit our website at www.compsolutionsinc.com.
About
"New Jersey's Finest" Program
The
"New Jersey's Finest" Program has won a unique place in the
state’s business scene as a  premier showcase for the many excellent
privately held companies. The
annual program honors the 50 fastest growing companies in New Jersey
based on revenue growth.
NJBIZ,
New Jersey’s only weekly business journal covering the entire state,
was founded in 1987. The publication has received numerous statewide and
national awards including the 2006 Most Improved Award from the Alliance
of Area Business Publications. NJBIZ is owned by Journal Publications,
Inc., a multi title publishing and events company based in Harrisburg,
Pennsylvania.
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