GREG SLAMOWITZ OF AMBROSE EMPLOYER GROUP IN NEW YORK WILL LEAD NATIONAL TRADE GROUP IN 2008

Alexandria, VA. October 30, 2007  - Greg Slamowitz, Co-Chief Executive Officer of Ambrose Employer Group LLC (Ambrose) in New York City, will serve in 2008 as President of the National Association of Professional Employer Organizations (NAPEO). He will lead an association representing the $53 billion PEO industry, which delivers Fortune 500 employee benefits and human resources expertise to America's small and mid-sized businesses.

Slamowitz was elected to the one-year term by a vote of the national membership during NAPEO's annual conference October 22-24 in Chicago. Nearly 800 PEO leaders and vendors participated in the conference and trade show, which is the largest gathering in the PEO industry.

"I am honored to serve as NAPEO's President and welcome the opportunity to lead this association," Slamowitz said. "Our industry is thriving and also changing. NAPEO continues to be the tie that can bind us together and strengthen every one of its members. My priority will be to encourage NAPEO members to adopt best performance practices while assuring they have the help they may need to achieve those practices in their operations and services to our nation's businesses."

Slamowitz served on the Board's Executive Committee this year and as a Director on the NAPEO Board in prior years. He has also served on several NAPEO committees, most recently the one that created a new strategic plan for the association.

He co-founded Ambrose in 1997 and co-led the company through successive years of rapid growth in revenues and profitability. He currently focuses much of his time on recruiting and mentoring Ambrose's internal employees and on further strengthening the company's culture of excellence.

Slamowitz was honored for his entrepreneurial success when he received the 2001 Ernst & Young New York Entrepreneur of the Year® award in the Employment Services category.

Ambrose is a member of the Employer Services Assurance Corporation (ESAC), a nonprofit, independent organization that monitors and certifies a PEO's ongoing compliance with ethical, financial and operational standards. ESAC is the nationally recognized entity for providing financial assurance and establishing responsibility standards and accreditation for the PEO industry.

Prior to co-founding Ambrose, Slamowitz practiced tax law with Brown & Wood (now Sidley Austin Brown & Wood) in New York City. He holds two law degrees - a Master of Laws in Taxation from New York University School of Law, and a Juris Doctorate, with distinction, from Emory University School of Law in Atlanta. He received his undergraduate degree, cum laude, from New York University.

To learn more about Ambrose, visit www.ambrosegroup.com.

About NAPEO

NAPEO is the recognized "Voice of the PEO Industry®". NAPEO has more than 380 PEO members found in all 50 states, representing more than 75 percent of the revenues of the $53 billion PEO industry. PEOs enable clients to cost-effectively outsource the management of human resources, employee benefits, payroll and workers' compensation. PEO clients focus on their core competencies to maintain and grow their bottom line. To learn more about the PEO industry and how PEOs contribute to small businesses' success, visit the NAPEO Web site: www.napeo.org.

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 48 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 Sean Campbell, Director of Operations, at (646) 356-8614 or or sean@ambrosegroup.com.