AMBROSE REPORTS SOLID PERFORMANCE IN 2004; GROSS SALES TOP $492 MILLION; 55% INCREASE FROM 2003

NEW YORK, January 18, 2005 – Ambrose Employer Group, LLC announced that sales totaled $492 million dollars for calendar year 2004. This represents a 55 percent increase in sales over calendar year 2003. This increase follows a 40 percent increase in sales in calendar year 2003 over calendar year 2002. "Through 2004, we have continued to see a strong increase in demand for our services across the high-end, white-collar business sectors that we have serviced since our founding over eight years ago", said Greg Slamowitz, Co-CEO of Ambrose. John Iorillo, Co-CEO, stated "Ambrose is the vendor of choice for high-end, white-collar companies 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 40 states, including business services firms, financial service firms, marketing and advertising firms, corporate spinouts, venture backed companies, technology companies, not-for-profit organizations, law firms and other professional service firms. Ambrose is headquartered in New York City. Additional information about Ambrose is available by visiting www.ambrosegroup.com or contacting Greg Slamowitz (gslamowitz@ambrosegroup.com) or John Iorillo (jiorillo@ambrosegroup.com).