COMPSolutions PEO Selected as one of "New Jersey's Finest" Companies

Prestigious Awards Program Honors Fastest Growing Privately Held Companies

Oakland NJ – October 2005 — COMPSolutions PEO, one of the tri-state area’s leading Professional Employer Organizations (PEO), announced that it has been selected for the third year as one of "New Jersey's Finest" in the annual program sponsored by NJ BIZ. Started in 1989 to honor 25 of the state’s fastest growing companies, the New Jersey’s Finest Program was expanded to 50 companies this year to reflect the state’s dynamic economy. 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. The award was presented to COMPSolutions PEO, which was ranked 18th out of the 50 companies honored, at a dinner held at the Palace at Somerset Park in New Jersey on October 11, 2005.

“There is no road map to growing a successful business, but there are some basic qualities that successful businesses share. They are focus, determination, hard work and a little bit of luck. Business changes quickly and the companies that can anticipate and take advantage of trends are the companies that will prosper, “ said Chad Beatty, Publisher of NJBIZ.

"We are delighted to be chosen from among the many excellent companies nominated for this program," said Thomas J Cioffe, COMPSolutions PEO's 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.” COMPSolutions PEO has claimed several other awards, including being selected as a finalist for the past four 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 COMPSolutions PEO
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 PEO 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, 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; Dendrite International, a leading provider of marketing and CRM solutions for the pharmaceutical industry, PNC Bank, one of the largest diversified financial services organizations in the United States; and PricewaterhouseCoopers, LLP, an international accounting and consulting firm; Lowenstein Sandler PC, a full-service law firm and Infiniti.

 

FOR IMMEDIATE RELEASE
CONTACT:  Patricia Basilo
201-405-1115
pbasilo@compsolutionsinc.com