PayCycle Named as Finalist in Three Categories for 2008 American Business Awards(SM)

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Cited for Most Innovative Company, Best Support Organization and Best Marketing Campaign in Stevie Awards.

the business world's own Oscars

PayCycle, Inc., America's #1 online payroll service, today announced it was selected as a finalist in three categories for the annual American Business Awards, commonly known as "the Stevies". PayCycle is a finalist in each of the three categories in which it entered: Most Innovative Company, Best Support Organization, and Best Marketing Campaign. The finalist nomination is in itself an honor as more than 2,600 entries were submitted for consideration in more than 40 categories. Hailed as "the business world's own Oscars", the American Business Awards are the only national, all-encompassing awards program honoring outstanding performances in business.

PayCycle is America's #1 online payroll service, serving more than 60,000 small businesses. When selecting an online payroll service, small business owners should look for the ability to run unlimited payroll, anytime and anywhere, with full control over payroll funds; for a complete online experience for all stakeholders including employees; and for seamless integration with leading accounting solutions and world-class support. PayCycle offers all of this as an easy and convenient web-based service and at an affordable, flat (no add-on fees) monthly price.

"Small businesses come to PayCycle without knowing much about payroll and payroll taxes, and we make sure that they don't need to know," said Karen White, Vice President of Product Management at PayCycle. "We make it that easy," continued White.

This is third year in a row that PayCycle has been selected as a Stevie finalist for the "Best Customer Support" award. Assisted by PayCycle's innovative "Do-It-With-You" (DIWY(SM))architecture, an expert customer service staff provides outstanding and quick support for busy small business owners. There is no extra charge for support, and help is available seven days a week.

"The Stevie Awards are very important to all of us at PayCycle," said Jim Heeger, president and CEO of PayCycle. "These awards reflect the continual commitment we make to innovation and to the thousands of small business owners who depend on PayCycle."

Members of the Awards' Board of Distinguished Judges & Advisors and their staffs will select Stevie Award winners and the winners will be announced on June 12, 2008 during the annual gala in New York. Finalists were chosen by business professionals nationwide during preliminary judging in April through early May.

About PayCycle
PayCycle is America's #1 online payroll service, serving more than 60,000 small businesses. PayCycle partners with leading financial institutions including Capital One and PNC Bank. It also provides client payroll services for many of the nation's accounting professionals. PayCycle is a payroll industry innovator. Founded in 1999, it was the first company to introduce a 100% Internet-based payroll service as well as integration with leading accounting programs such as QuickBooks(R), Quicken(R), Peachtree(R), and Microsoft(R) Money. PayCycle's unique "Do-It-With-You(SM)" (DIWY(SM)) technology platform guides customers through the entire payroll process from paychecks to W2s. The company is on a mission to become the small business online payroll standard, and believes its commitment to outstanding customer service will drive achieving that goal. PayCycle is the proud winner of the CPA Technology Advisor's 2007 Readers' Choice Award, the Sleeter Group's "Awesome QuickBooks Add-on Award," and a finalist for the 2007 American Business "Stevie" award for "Most Innovative Company" and "Best Customer Service Organization."

About The Stevie Awards
Hailed as "the business world's own Oscars," Stevie Awards are conferred in four programs: The American Business Awards, The International Business Awards, The Stevie Awards for Women in Business, and the Stevie Awards for Sales & Customer Service. Honoring companies of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about The Stevie Awards at http://www.stevieawards.com.

PayCycle is a registered trademark, and "Do-It-With-You" and "DIWY" are service marks of PayCycle, Inc. All other product names and trademarks are the property of their respective owners.

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Julie McHenry

Robert Blodgett
PayCycle, Inc.
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