Streamline Time Entry

Newport News, Virginia - January 9, 2003 - PenSoft, a prominent developer of payroll software, launched its time entry program, PenGold TimeOnline. TimeOnline is an internet time entry program designed to work with PenSoft® Payroll to simplify the time entry process for regular and overtime hours.

PenGold TimeOnline debuted January 1, 2003. Payroll processors, multi-facility, or mobile businesses will find the internet based time entry program convenient to use wherever there is an internet connection. Businesses can streamline their time entry process with PenGold TimeOnline for employees with regular and overtime hours. With internet time entry companies or processors save time associated with retrieving hours correctly from employees in a timely manner. By importing the file directly into PenSoft Payroll they also reduce the risk of incorrect information and transcription errors.

For more information about PenSoft Payroll, call 888-PENSOFT (888-736-7638) or e-mail info@pensoft.com. For more information about PenGold TimeOnline call 757-873-2976, option 3 or e-mail timeonline@pengold.com.

###

About PenSoft

PenSoft is the developer of PenSoft Payroll, payroll software designed for small and mid-sized U.S. businesses with 1 to 2000 employees per company. PenSoft, a software developer since 1983, began its online presence in 1995. Corporate headquarters are located in Newport News, Virginia. For additional information, visit PenSoft on the web at www.PenSoft.com.

About PenGold TimeOnline

PenGold TimeOnline debuted January 1, 2003. TimeOnline is an internet time entry program designed to work in conjunction with PenSoft Payroll to streamline the time entry process for regular and overtime hours. For additional information, visit PenGold TimeOnline on the web at www.pengold.com/timeonline/about.htm.