AMBROSE RENEWS HEALTH PLANS WITH UNITED HEALTHCARE; INCREASE BELOW NATIONAL AVERAGE BY 50% FOR 2ND CONSECUTIVE YEAR

NEW YORK, July 11, 2006  - Ambrose Employer Group, LLC, a Professional Employer Organization (PEO), announced an agreement with United HealthCare to renew its health plans offered to serviced employees nationwide at an average rate increase of six and one tenth percent. This is the second consecutive year that the increase is half the rate of premium increase experienced by companies nationwide.

As announced this morning by Marc Dwek, Ambrose's Chief Operating Officer, Ambrose and United HealthCare reached agreement to renew the health plans without plan modifications. This is Ambrose's ninth consecutive year with United HealthCare. "We are pleased to continue our long standing relationship with United HealthCare for another year under such favorable terms," says Dwek. "Our continued cooperative efforts with United HealthCare to control administrative costs combined with favorable claims experience has once again enabled Ambrose to deliver high quality health plans to our clients at attractive rates." The renewed health plans begin August 1, 2006 and continue through July 31, 2007.

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 serves clients in 46 states, 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 Dan Solomon, Managing Director, at (646) 356-8624 or dsolomon@ambrosegroup.com.