PRESS RELEASE PRESS RELEASE PRESS RELEASE PRESS RELEASE

 

*** FOR IMMEDIATE RELEASE ***

 

FOR MORE INFORMATION, CONTACT: Reynold P. Cicalese, CPA, PFS 856.667.4100 

 

Cherry Hill, NJ...................August 23, 2006                                                                  Page 1 of 2

 

ABACUS PAYROLL, INC. PARTNERS WITH NATIONWIDE FINANCIAL

 

Abacus Payroll, Inc., Cherry Hill, NJ, is pleased to announce a new partnership with Nationwide Financial Services, Inc. (NYSE:NFS), one of the largest diversified financial and insurance service providers in the country.  As a member of the Nationwide Financial Preferred Payroll Partnership Program, plan sponsors and pension administrators now will have access to a combined resource for their clients' payroll and employee benefit needs.

 

This partnership automates the sharing of information, leaving more time for plan sponsors to focus on their business.  By combining the experience of these companies into a one-stop-resource, plan sponsors now will have access to:

 

·         Payroll and tax processing

·         401(k) and other retirement plans and services

·         Benefit administration

·         Time and labor management

·         Recordkeeping

 

The program teams local payroll providers and pension professionals and provides them access to Nationwide Financial's diverse portfolio of individual investment, insurance, retirement, and financial planning products.  Together, all parties are able to increase product offerings to clients in addition to providing enhanced customer service.

 

"Partnering with Nationwide only extends the already vast array of services we currently provide to our clients.  Not only will this partnership take us to the next level, it will help our clients get there as well," said Ren Cicalese, Abacus Payroll managing shareholder.

 

Established in 1999, Abacus Payroll's staff of dedicated professionals customize a wide array of services to meet the needs of your business.  Whether five or 500 employees, Abacus provides payroll, tax, and other financial services promptly, efficiently, and confidentially.

 

About Nationwide Financial

Nationwide Financial Services, Inc. (NYSE:NFS), a publicly traded company based in Columbus, Ohio, provides a variety of financial services that help consumers invest and protect their long-term assets, and offers retirement plans and services through both public and private-sector employers.

 

It's part of the Nationwide group of companies, which offers diversified insurance and financial services.  The group is led by Nationwide Mutual Insurance Company, which is ranked No. 98 on the Fortune 100 based on 2005 revenue.  For more information, visit www.nationwide.com.

 

 

Neither Nationwide Financial, nor any of its affiliates, are affiliated with Abacus Payroll, Inc. or any of its affiliates.  Nationwide Financial and Nationwide are federally registered service marks of Nationwide Mutual Insurance Company.

 

For more information contact:

 

 

Reynold P. Cicalese, CPA, PFS

Alloy, Silverstein, Shapiro, Adams, Mulford, Cicalese, Wilson & Co.

900 Kings Highway North

Cherry Hill, NJ 08034

856.667.4100 extension 100

Email:rcicalese@alloysilverstein.com

 

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