May 17, 2008

PenSoft Acquires PDS Payroll

(NEWPORT NEWS, VA -September 7, 2001) - PenSoft, a prominent developer of payroll software, announced today they have acquired Michigan-based PDS Payroll. The agreement will provide PDS Resellers and end-users migration to an industry acclaimed product, PenSoft® Payroll.

PenSoft Payroll offers payroll solutions for small to mid-sized business. With over 4,000 customers throughout the United States and Canada, PenSoft is committed to developing and offering top-quality services and products.

The advantage of this acquisition of PDS is more than obtaining clients; it is PenSoft's vision to offer payroll software and services in new and innovative ways. PenSoft will have the opportunity to deliver enhanced products with superior technology to meet the needs of specific industries. It is an opportunity to combine two outstanding software companies and will strengthen the respected name of PenSoft, a staple in payroll software since 1983.

PDS has been providing software development tools and accounting solutions since 1981 with offices in Farmington Hills, Michigan and Woodstock, Georgia.

Peninsula Software of Virginia, Inc. (PenSoft) is a privately held company founded in 1983 and is headquartered in Newport News, Virginia. PenSoft is committed to providing the best value in payroll software, backed by technical support unsurpassed in the industry.

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PenSoft is a registered trademark of Peninsula Software of Virginia, Inc.