AMBROSE CONTINUES TO SUPPORT CHARITIES

NEW YORK, January 5, 2005–  Ambrose Employer Group, LLC announced its fourth consecutive year of support to local charities.

As announced today by John Iorillo and Greg Slamowitz, the Co-CEOs of Ambrose, Ambrose affirmed its ongoing support and commitment to local communities by donating a total of $21,000 to the following five charities - StreetWise Partners, The Heart & Soul Charitable Fund, Everybody Wins!, the Life Adjustment Center and the American Red Cross, Tsunami Emergency Fund. "We remain committed to giving back to communities locally and globally," says Iorillo.

About StreetWise Partners

StreetWise Partners' mission is to develop the professional skill set and build the confidence of low-income individuals facing employment barriers through one-on-one mentoring sessions with dedicated corporate volunteers. By building personal relationships where none previously existed before, StreetWise Partners bridges the cultural gap that divides corporations and low-income individuals and enables those who seek its assistance to secure and retain employment with a livable wage. If you would like to learn more about this organization, please visit www.streetwisepartners.org and/or contact John Iorillo at (646) 356-8611 or jiorillo@ambrosegroup.com.

About The Heart & Soul Charitable Fund

The Heart & Soul Charitable Fund, Inc. was established to support and facilitate projects that provide for and meet the needs of marginalized segments of the community. The Fund provides monies for enrichment, building skills necessary for educational and vocational training, and feeding programs and services for the elderly, the infirm and the indigent. The Fund engages in co-ventures with other organizations for optimum effectiveness. The majority of its funding goes to projects that directly benefit the New York City area. The Fund has supported the following organizations: Arts Horizon, Avenues to a Better Education, AIDS Task Force, Arts Horizon, Booker T. Washington Learning Center, Children's Aid Society Project, Children's Task Force, The Doe Fund, Monday Night Hospitality Feeding Program, Friday Soup Feeding Program, Health Advocates, Inwood House, Lenox Hill Neighborhood House, New Amsterdam Boys Choir, New York Coalition for Shelter, Public School 50, Search and Care, Women's Prison Association, Youth Services Opportunity Project, and the Yorkville Common Pantry. If you would like to learn more about this organization, please visit http://pages.ivillage.com/heartandsoulauction and/or contact Greg Slamowitz at (656) 356-8612 or gslamowitz@ambrosegroup.com.

About Everybody Wins!

Everybody Wins! is a leading national literacy and mentoring non-profit organization devoted to increasing children's prospects for success in school and in life through one-to-one reading experiences. Everybody Wins! provides "reading partners" for more than 6,800 elementary school children across the country. If you would like to learn more about this organization, please visit http://www.everybodywins.org and/or contact Greg Slamowitz at (656) 356-8612 or gslamowitz@ambrosegroup.com.

About the Life Adjustment Center

The Life Adjustment Center addresses the acute need of quality services and programs for the developmentally disabled population. The commitment of the Life Adjustment Center is manifested in its abilities to respond to the changing needs of persons with disabilities and by offering its clients an extensive array of services and technologies. The Life Adjustment Center serves all ages and levels at its Intermediate Care Facilities, Individualized Residential Alternatives, and Day Habilitation Center. If you would like to learn more about this organization, please contact Eric Foodim at (656) 356-8618 or efoodim@ambrosegroup.com.

About the American Red Cross-Tsunami Emergency Fund

The American Red Cross's Tsunami Emergency Fund was created shortly after the tragic tsunami devastated large swaths of Southern Asia on December 26, 2004. This fund provides tsunami survivors with nutritious food, basic supplies such as tents and hygiene items, basic healthcare and the support that the survivors need to cope with the unbelievable trauma they have experienced. To learn more about the American Red Cross, please visit www.redcross.org.

About Ambrose Employer Group, LLC

Ambrose Employer Group, LLC is a professional employer organization ("PEO") providing human resources, payroll, benefits services, and human resources information systems to small and mid-size companies. Ambrose provides health and dental coverage, 401(k) plans, payroll processing, workers' compensation coverage, flexible spending accounts, a host of other employee benefits, and regulatory and administrative services. Founded in 1997, Ambrose serves clients in 40 states, including corporate spinouts, financial service firms, venture backed companies, not-for-profit organizations and business service firms. Ambrose has offices in New York City and Boston. Additional information about Ambrose is available by visiting www.ambrosegroup.com or contacting Sean Campbell, Director of Operations, at (646) 356-8614 or scampbell@ambrosegroup.com.