05-27-2004 VCG and Net Profit form alliance to give staffing firms a profitability edge through tax credits and employee benefits offerings.

ATLANTA, GA – May 28, 2004 – VCG Inc., the developer of StaffSuite® and WebPAS® software solutions for leading staffing companies, today announced an alliance with Net Profit to ensure that appropriate data would be available through VCG’s staffing software solutions to enable Net Profit to procure Federal, State, and Local tax credits, incentives and training grants for clients. In addition, VCG’s staffing software will also provide the data necessary to implement a voluntary benefits program, Benefits In A Card.

Improving profitability by reducing tax liability
Net Profit specializes in the procurement of Federal, State, and Local tax credits, incentives and training grants with a research staff that monitors proposed and enacted Federal and State tax credit and incentive programs. Using comprehensive and sophisticated tools, Net Profit is able to identify, calculate and administer the various Federal and State tax credits and incentives for staffing companies coast-to-coast. VCG’s staffing software is able to track, report, and export all of the data necessary for Net Profit to perform these services. This result is a powerful benefit to your bottom-line.

Improving profitability by retaining top contingent talent
The challenge of retaining good contingent employees – a key ingredient of better profitability – is vastly improved with the Benefits In A Card program. A recent study of over 60,000 staffing employees showed that those enrolled in the Benefits In A Card plan extended their assignment an average of four weeks longer; an increase in retention by 40%! Benefits In A Card, underwritten by Allstate Workplace division, is a voluntary, employee paid, benefit plan that includes limited benefit medical insurance, prescription drug coverage, dental insurance, disability insurance and life insurance options. Again, VCG’s staffing software is able to track, report, and export all of the data necessary to implement the programs.

"VCG’s software has had the ability to track and export the data Net Profit needed for its programs virtually since day-one," said Steve Taylor, President of VCG. "The primary reason for this alliance with Net Profit is to assure our current and future customers that we will communicate and collaborate as necessary to continue to offer this capability."

Carl Stecker, CEO of Net Profit, concurred, saying, "For more than a decade, we have worked with clients in a wide range of industries, securing multi-million dollar results from the various Federal and State tax credit and incentive programs. Not every software vendor is capable of providing us with the information we need. We’re pleased to be able to work with VCG on an ongoing basis to assure staffing firms that a comprehensive and profit-building solution is available to them."

About Net Profit and Benefits In A Card

Net Profit provides unique profit enhancement solutions for our clients by reducing Federal and State tax liabilities. We also help you obtain Training Grants for qualified training programs. Benefits In A Card was developed to have as a core product, an affordable limited medical coverage plan, linked to other services that cater to the hourly and part-time workers. For more information about Net Profit and how they increase your profits, for tax credit services please contact Alan Gilbert, at 800-226-2770 Ext. 143 or for Benefits In A Card contact Kelli Maloney at Ext. 224.

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