PARSIPPANY, N.J., Aug. 13, 2004 (PRIMEZONE) -- ProMana Solutions (Pink Sheets:PSLU), a provider of end-to-end Intranet-based software solutions for business work flow and human resource management, announced today that its CEO, Lawrence Kass, has been interviewed as a featured guest on WallStreetAudio.com, a leading provider of streamed executive interviews and investor calls for a variety of financial audiences.
Visitors to the site may listen to streamed audio of the interview, view the latest company news releases, and even receive a recent stock quote by accessing the following URL: http://www.wallstreetaudio.com/v2/quote.asp?quotes=PSLU. Free registration is required.
Kass highlighted the extraordinary growth potential of the human resources outsourcing industry and addressed key competitive advantages of the ProMana Solutions model.
"ProMana Solutions is able to take channel partners to the masses on a very cost-effective marketing basis," said Kass. "The HR outsourcing industry under the models we've adopted is only two percent penetrated at this time, and no one else is in the business of putting competitors in business like we are, so we believe we have a very strong growth opportunity for both clients and investors. One of our near-term goals, meanwhile, is to be listed on the OTCBB, so we regularly file audited financial statement and treat ourselves as a fully reporting company."
PSLU sells its software through "Branded Partner" agreements with insurance companies, accounting firms, payroll processors, banks, franchise operators, B2B consulting firms, professional employment organizations, and others. The company earns revenues from licensing fees paid by branded partners and recurring monthly usage fees from end users.
About ProMana Solutions
ProMana Solutions has developed a web-based, end-to-end solution for managing the entire spectrum of payroll, benefits, human resource management and business processing outsourcing. Its target market includes any business looking to start or grow its own Professional Employment Organization (PEO) or handle HR outsourcing as either a primary business or as an adjunct to its current business. ProMana's clients include PEO's, accounting firms, insurance agents and brokers, payroll processors, software integration partners, national franchise operations, community banks, business to business consulting firms, and independent end users. Shareholders are encouraged to visit www.promanasolutions.com for more information and to register on the "Investor Relations" page to receive ongoing ProMana news updates.
Legal Notice Regarding Forward-Looking Statements: "Forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. PSLU disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions (including in the information technology and financial information industry), actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand and market acceptance of our services, and changes in our business strategies.