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AMBROSE REPORTS SOLID PERFORMANCE IN 2003; GROSS SALES TOP $300 MILLION; 40% INCREASE FROM 2002
NEW YORK, January 12, 2004 - Ambrose Employer Group, LLC announced that sales totaled $318 million dollars for calendar year 2003. This represents a 40 percent increase in sales over calendar year 2002. “In 2003, we have seen a strong increase in demand for our services across the high-end, white-collar business sectors that we have continued to service since our founding over seven years ago”, said Greg Slamowitz, Co-CEO of Ambrose. John Iorillo, Co-CEO, stated “as more and more white-collar companies look to outsourcing, Ambrose is proving to be the vendor of choice because of its unique understanding of these sophisticated businesses and the strong cultural fit”. By outsourcing the management of human resources, payroll and employee benefits to Ambrose, Ambrose’s clients focus on their core competencies to maintain and grow bottom line profits.
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, as well as regulatory and administrative services. Founded in 1997, Ambrose serves clients in 36 states, including business services firms, financial service firms, corporate spinouts, venture backed companies, not-for-profit organizations and other professional service firms. Ambrose has offices in New York City and Boston. Additional information about Ambrose is available by visiting www.ambrosegroup.com or contacting Greg Slamowitz (gslamowitz@ambrosegroup.com) or John Iorillo (jiorillo@ambrosegroup.com).
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