AMBROSE COMPLETES SAS 70 EXAMINATION

NEW YORK, March 20, 2009  - Ambrose Employer Group, LLC, a professional employer organization for white-collar businesses, announced today that it has made available to its clients its Report on Controls Placed in Operation and Tests of Operating Effectiveness for the Period July 1, 2008 through December 31, 2008 issued pursuant to AICPA Statement on Auditing Standards No. 70, as amended ("SAS 70 Report"). PricewaterhouseCoopers LLP (PwC) was engaged in 2007 to conduct the examination and the SAS 70 Report includes a description of Ambrose's internal controls relevant to the processing and administration of payroll and benefits on behalf of its client companies. "We are very pleased with the results of our first SAS70 Report and, in particular, the operating standards we have been able to achieve at Ambrose," says Eric S. Foodim, Ambrose's Chief Financial Officer. "The process of obtaining a SAS 70 from PwC is a company-wide achievement and something we can all be proud of" he adds.

About Ambrose Employer Group, LLC

Ambrose Employer Group, LLC is a PEO providing human resources, payroll, and benefits administration services 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 operates in all 50 states, and serves clients in a range of industries, including corporate spinouts, financial service firms, venture-backed companies, not-for-profit organizations and business service firms. Additional information about Ambrose is available by visiting www.ambrosegroup.com or contacting Hugh LaRoche, Managing Director, at (646) 356-8633 or hugh.laroche@ambrosegroup.com.