CheckPoint HR Appoints Tim Padva CEO and Expands Board of Directors



CheckPoint HR, an innovator and leading Administrative Service Organization (ASO) that offers mid-size organizations an integrated Human Resource Management System (HRMS) for payroll services (http://www.checkpointhr.com/), human resources, and benefits administration, today announced it has appointed Tim Padva to Chief Executive Officer (CEO). In his new role, Mr. Padva will oversee the company's vision behind its innovative payroll/HRMS platform and will lead the execution of CheckPoint HR's strategic initiatives and growth plans. Since 2001, Mr. Padva has served as co-founder and president and will continue his role as such, leading the day to day operations of CheckPoint HR.

"2008 has been a very exciting year for CheckPoint HR as we continue to grow and expand rapidly as the premier Web-based, integrated HRMS technology platform for mid-size organizations," said Tim Padva, co-founder, chief executive officer, and president, CheckPoint HR. "CheckPoint HR is committed to providing its customers with quality service and the most innovative platform to streamline and automate all aspects of the employee and HR lifecycle."

Additionally, Neil Freidman, Chief Financial Officer (CFO) of CheckPoint HR was selected to join CheckPoint HR's Board of Directors. Mr. Freidman has served as CFO since 2003 and will continue his role in directing and managing all aspects of the company's financial operations.

CheckPoint HR recently announced it has secured a $7.6 million investment from Edison Venture Fund. The proceeds of the investment will be used to expand sales, marketing, development and services, as well as provide shareholder liquidity.

About CheckPoint HR

Since 2001, CheckPoint HR, based in Edison, New Jersey, has helped mid-size organizations automate all aspects of their human resource operations. As a leading Administrative Service Organization (ASO), CheckPoint HR's innovative Web-based Human Resource Management System (HRMS) technology platform and payroll services (http://www.checkpointhr.com/) offer an affordable, comprehensive solution to manage payroll and benefits administration, as well as other business-critical human resources processes. This allows mid-market organizations to deliver world-class services to its employees, reduce costs, and improve operational efficiencies. Clients include such names as The American Stock Exchange (AMEX), The Applied Companies, Croda, Inc., Flemington Family of Dealerships, Hamon USA, Kyowa Pharmaceutical, Nickelodeon Hotels, Quintum Technologies, and Starwood Capital. Further completing its HR management solutions, CheckPoint HR boasts one of the largest insurance agencies in the Northeast through The Wilshire Group, its benefits affiliate that offers its customers benefits procurement backed by a sales team of licensed insurance brokers. In November 2007, The Wilshire Group launched the BENeLERT Process, a 180-day proven practice to help clients identify the best rates and plans for their insurance needs. For more information on CheckPoint HR, please visit www.CheckPointHR.com or call 800.385.0331.

Copyright 2008 CheckPoint HR, LLC. All rights reserved.





CheckPoint HR Appoints Tim Padva CEO and Expands Board of Directors