CyberShift Obtains CICA 5970 Certification

PARSIPPANY, NJ--(Marketwire - July 23, 2008) - CyberShift, a leading global provider of workforce management and expense management software and services, today announced that it has completed independent audits to demonstrate its compliance with the Canadian Institute of Chartered Accountants (CICA) Section 5970, which, in addition to the American Institute of Certified Public Accountants' Statement on Auditing Standards (SAS) 70 Type II audit, provides an independent, rigorous assessment of the design and effectiveness of the company's controls for providing processing services to its clients. This is the first year that CyberShift has completed the CICA 5970 audit, but represents the third consecutive year of demonstrating its SAS 70 Type II compliance.

The CICA 5970 and SAS 70 Type II reports provide third party validation of the design, thoroughness and auditability of an organization's controls used in providing services to others. This level of rigor is important to CyberShift's customers, who represent some of the most successful organizations in the world. CICA 5970 is the Canadian standard administered by the Canadian Institute of Chartered Accountants, and SAS 70 Type II is the equivalent standard for the United States, developed by the American Institute of Certified Public Accountants. A CICA 5970 audit demonstrates that CyberShift has audited controls and safeguards in place to host or process data belonging to its customers.

Robert Farina, CEO of CyberShift, said, "By completing both CICA 5970 and SAS 70 Type II audits, we are providing the level of transparency and validation that our customers have every right to expect from a strategic Software-as-a-Service provider such as CyberShift. Not only do these audits demonstrate CyberShift's operational effectiveness in providing processing services over an extended period of time, they are critical to helping our customers address their own compliance and quality initiatives."

The completion of the CICA 5970 and SAS 70 Type II audits allows CyberShift to provide its clients with the documentation necessary to relieve them of the burden of initiating their own audit of CyberShift's controls and safeguards to meet government and equity exchange regulations.

"We provide our workforce management and expense management software and services to mid-sized and large companies that often are required by the government to prove their ability to manage client data in a secure and consistent manner," said Gene Wronko, director, Information Technology - On Demand Services for CyberShift. "Our completion of both a comprehensive CICA 5970 audit and a SAS 70 Type II audit demonstrates the priority we place on ensuring the quality and effectiveness of our operational procedures, controls and IT infrastructure."

About CyberShift

CyberShift, Inc. is a leading provider of workforce management and expense management software and services focused on helping mid-sized to large, complex organizations improve organizational performance and profitability. Through its integrated Workforce Management 3G™ suite, which includes time and attendance, advanced scheduling, absence management and reporting and analytics, companies can more effectively plan, manage and deploy their workforces, reduce costs and improve processes across business operations. CyberShift's Necho Expense™ automates the processing and facilitates the management of employee business expenses and helps companies improve compliance; enforce expense policies and procedures and increase visibility into operations. Offered in both traditional license fee and Software-as-a-Service (SaaS) delivery models, CyberShift's innovative solutions have been awarded U.S. and Canadian patents. More information can be accessed at www.CyberShift.com.