NetPEO and iamindependent Form a Strategic Alliance

NetPEO extends its industry leading HR Outsourcing solutions to include iamindependent's suite of contingent workforce employment and 1099 compliance solutions

Tenafly, NJ, November 21, 2002 - iamindependent, the industry leader in providing contingent workforce employment and 1099 compliance solutions to Fortune 2000 companies, and NetPEO™, a comprehensive HR Outsourcing industry Consulting, Training and Brokerage firm, today announce the formation of a strategic alliance that will provide holistic solutions for companies that are pursuing strategic HR Outsourcing initiatives.

As evidenced by the current HR Outsourcing trends, Fortune 2000 companies are increasingly turning to HR Outsourcing service providers to lower their costs and to provide higher quality services to their employees; to achieve greater focus on their core competencies, while outsourcing non-core and non-strategic corporate business functions. Selecting HR Outsourcing service providers by itself can be a daunting task. However, with today's increased utilization of contingent workers [a.k.a. temps, 1099's independents, freelancers, consultants, contractors, etc.] by the Fortune 2000, vendor selection becomes even more difficult as most HR Outsourcing providers are unable to handle this workforce demographic.

NetPEO's President and CEO Layne Davlin said, "We are excited about this partnership with iamindependent because they are the industry leader in the 1099 space. Their systems, including a web-enabled 1099 compliance tool that can easily be integrated into any HR and Recruitment application, processes and methodologies are proven to eliminate a company's risk of independent contractor reclassification. Their employment services for independent professionals can save companies over 20% of their contingent labor costs, while providing W-2 payroll, medical benefits and retirement plans to this demographic of the Fortune 2000's workforce."

"NetPEO is a leading HR Outsourcing Consulting and Brokerage firm, so we are thrilled with their selection of iamindependent as their contingent workforce category vendor of choice," said Michael Beygelman, President and CEO of iamindependent. Mr. Beygelman continued, "This partnership will allow iamindependent to leverage NetPEO's industry-leading HR Outsourcing and benefits acquisition and administration solutions, thereby extending iamindependent's service capabilities to a broader demographic of customers."

For additional information on iamindependent's services please call (603) 424-2177 or visit http://www.iamindependent.biz. For additional information on NetPEO's services please call (678) 376-1212 or visit http://www.netpeo.com.

About iamindependent

iamindependent is the leading provider of contingent workforce employment and management services, and web-enabled 1099 compliance solutions to Fortune 2000 companies that are seeking an integrated, cost-effective approach to the engagement, management and administration of their contingent workforce. Independent professionals that are employed by iamindependent gain access to world-class health and medical insurance at large employer group rates; retirement plans, which include a 401(k) and a pension plan; payroll and a year-end W-2, and administrative services such as expense report processing, billing and collections. iamindependent is headquartered in Tenafly, NJ and has the capability of servicing customers in all 50 U.S. States.

About NetPEO

NetPEO (http://www.netpeo.com) is the industry leader in HR Outsourcing Consulting, Training, Brokerage and Advisory services, and matches a customer's needs to services that are offered through NetPEO's network of solutions providers. Through this network, NetPEO manages a customer's complex employee-related matters such as personnel management, health benefits, workers' compensation claims, payroll, payroll tax compliance and unemployment insurance claims. As a result, NetPEO's solutions have an immediate positive impact on a customer's ability to more efficiently focus on revenue generating activity. NetPEO services customers across all vertical industries throughout the United States and Canada.