May 17, 2008

FOR IMMEDIATE RELEASE

Peninsula Software Web Sales Increases 786%

(Newport News, VA - March 13, 1998) - At a time when most businesses are merely hopeful that they will be able to sell their products and services over the Internet, Peninsula Software of Virginia, Inc. has done it, and done it well. Located at 11790 Jefferson Avenue, Suite 100, Newport News, Virginia, the company manufactures payroll processing software under the names PenSoft Payroll and PC-Payroll for use by small businesses, accountants, doctors, attorneys and other professionals.

"Our 1996 Internet sales during our first year doing business over that medium were $22,500," says Leroy Newman, President/CEO of Peninsula Software, Inc. "We closed out 1997 with over $177,000 for the year in sales from the Internet, and we are projecting sales from Internet activities of over $250,000 for 1998." These figures represent a 786% increase in Peninsula Software's Internet business.

Since Peninsula Software's products are sold on an annual subscription basis and have an 88% to 90% renewal rate, it's easy to see the validity of this projection.

"These figures include 303 end users, one franchise system, and three private label deals," Newman continues. In addition to the annually renewed software orders, the totals include orders for checks and W-2 forms. While these figures represent only a fraction of Peninsula Software's total revenues, they are an important factor in the company's growth. With seven full-time employees and one part-timer, the company is poised for growth.

Overall the company garnered a 45% increase in 1997 over 1996. "Since we incorporated in 1990," says Newman, "our annual compounded growth rate has been over 28%."

Peninsula Software has done no advertising to promote their Web site, http://www.pensoft.com, but they do work hard to stay current with the search engines. "We want to be close to the top when a search engine looks for payroll software," says Newman. "In addition to working the search engines, we include our Web address on all of our literature, letterhead and business cards. That lets our current and prospective customers contact us easily."

In business since 1983, Peninsula Software of Virginia, Inc. is a privately-held company that has grown to support more than 5,000 clients in all 50 states. With a highly-trained staff of degreed accountants, computer programmers and business experts, the company has three divisions, PenSoft Software; PS Accounting, and PenSoft Checks & Forms. Peninsula Software manufactures payroll software designed specifically to help small- to mid-sized businesses process virtually all payroll and related tax requirements faster, easier, and more cost-effectively. Technical support is free and unlimited.

For more information, contact Peninsula Software of Virginia, Inc. at 757-873-2976 or visit their Website at http://www.pensoft.com.

# # #

PenSoft and PC-Payroll are registered trademarks of Peninsula Software of Virginia, Inc.

FOR IMMEDIATE RELEASE

1998 PenSoft Payroll Available Now

New, Faster Payroll Software From Peninsula Software

(Newport News, VA - December 11, 1997)-- PenSoft Payroll, a brand-new 32-bit payroll processing program that works with Win95 and NT systems, is now available from Peninsula Software of Virginia, Inc., 11790 Jefferson Avenue, Suite 100, Newport News, VA 23606.

PenSoft Payroll, sold on an annual subscription basis, offers all the features of previous Peninsula Software of Virginia payroll-processing products, including all options. Additionally, PenSoft Payroll offers direct deposit, departments, job codes, exports to several accounting packages, MICR, and Magnetic Media W-2s. It features customizable payroll and 1099-MISC reports, payroll and 1099-MISC check printing, deduction checks, tax checks for payroll and 1099-MISC, magnetic medial for payroll and 1099-MISC filing, general ledger report, 943 Agriculture Employer's tax report, and 945 Federal Withholding Tax Report. Other specific features included are:

• 1998 Tax Rates-State and federal tax data has been included for 1998. The program works with any state tax structure, and is also able to handle multiple state payrolls.
• Multiple Printer Capability-This allows the user to print from several printers within the program.
• List Ordering-Sorting lists within the payroll program is a standard feature.
• 1099-Miscellaneous-This feature allows the compilation and printing of 1099 forms for subcontractors.
• EFTPS Capability-The ability to transfer tax payments to the IRS electronically is brand new for 1998, helping employers meet federal electronic funds transfer regulations (requires EFTPS program from the IRS installed for transfer.)
• Multiple Checking Accountant Capability-The check setup is able to accommodate separate checking accounts for payroll checks, tax deposits and deduction payments.
• Ability to Print Deduction Checks-In addition to keeping track of deductions, PenSoft Payroll can print the checks.
• Expanded Report Section-A variety of miscellaneous management reports are available.

Designed for use by small businesses, accounts, doctors, attorneys, and other professionals, PenSoft Payroll can be used cost-effectively for one to 200 employees. Peninsula Software of Virginia offers a free 30-day demo disk.

In business since 1983, Peninsula Software of Virginia, Inc. is a privately-held company that has grown to support more than 5,000 clients in all 50 states. With a highly-trained staff of degreed accountants, computer programmers and business experts, the company has three divisions, PenSoft Software; PS Accounting; and PenSoft Checks and Forms. The company manufactures payroll software designed specifically to help small- to mid-sized businesses process virtually all payroll and related tax requirements faster, easier, and more cost-effectively. Technical support is free and unlimited.

For more information, contact Peninsula Software of Virginia, Inc. at (757)873-1199 or visit their website at http://www.pensoft.com.

PenSoft and PC-Payroll are registered trademarks of Peninsula Software of Virginia, Inc., Windows is a registered trademark of Microsoft Corp.

FOR IMMEDIATE RELEASE

1998 Version of PC-Payroll Software Available Now

New Features Offered

(Newport News, VA - December 11, 1997) -- PC-Payroll for Windows is now available from Peninsula Software of Virginia, Inc., 11790 Jefferson Avenue, Suite 100, Newport News, VA 23606. This 16-bit program can be installed immediately without affecting 1997 data, and can be used with Windows 3.1, Win95 and NT systems.

New features of 1998 PC-Payroll are:

• 1998 Tax Rates-State and federal tax data has been updated for 1998. The program works with any state tax structure, and is also able to handle multiple state payrolls.
• EFTPS Capability-The ability to transfer tax payments to the IRS electronically is brand new for 1998, helping employers meet federal electronic funds transfer regulations (requires EFTPS program from the IRS installed for transfer.)
• Ledger Report-This creates an ASCII file readable by any database or spreadsheet program capable of reading ASCII.
• Multiple Checking Accountant Capability-The check setup has been modified to accommodate separate checking accounts for payroll checks, tax deposits and deduction payments.
• Ability to Print Deduction Checks-In addition to keeping track of deductions, PC-Payroll can now print the checks.
• Expanded Report Section-A variety of miscellaneous management reports are available.

Features from the 1997 version of PC-Payroll for Windows continue to be included in the software, i.e., the ability to automatically compute individual wages, taxes, deductions, and benefits based on each employee's information; the ability to produce detailed reports and automatically write paychecks; the ability to print W-2s four to a page; the ability to format the check layout to fit existing checks; and the ability to work wit multiple states; and multiple companies.

Designed for use by small businesses, accounts, doctors, attorneys, and other professionals, PC-Payroll for Windows can be used cost-effectively for one to 200 employees. Peninsula Software of Virginia offers a free 30-day demo disk.

In business since 1983, Peninsula Software of Virginia, Inc. is a privately-held company that has grown to support more than 5,000 clients in all 50 states. With a highly-trained staff of degreed accountants, computer programmers and business experts, the company has three divisions, PenSoft Software; PS Accounting; and PenSoft Checks and Forms. The company manufactures payroll software designed specifically to help small- to mid-sized businesses process virtually all payroll and related tax requirements faster, easier, and more cost-effectively. Technical support is free and unlimited.

For more information, contact Peninsula Software of Virginia, Inc. at (757)873-1199 or visit their website at http://www.pensoft.com.

PenSoft and PC-Payroll are registered trademarks of Peninsula Software of Virginia, Inc., Windows is a registered trademark of Microsoft Corp.

FOR IMMEDIATE RELEASE

Peninsula Software of Virginia Releases the 1997 Edition of PC-Payroll for Windows

Newport News, VA -(December 16, 1996) Peninsula Software of Virginia, Inc. announces the release of the 1997 edition of PC-Payroll for Windows. The 1997 edition contains several enhancements over the 1996 edition, including:

• W-2 option 4 up W-2s. With the magnetic media option, you can print your employee and employer copies of W-2s four to a page.
• Signature option for Laser Checks. All checks printed will be signed with the selected signature.
• Check editor. Create your own check layout with the check editor. Position the various items of a check exactly where you want them.

These enhancements make PC-Payroll for Windows save even more time on payroll processing easier to use.

Peninsula Software of Virginia is known for their highly successful PC-Payroll for DOS and new PC-Payroll for Windows. Both programs automatically compute individual wages, taxes, deductions and benefits based on each employee’s information. This software also produces detailed reports and automatically writes the paychecks. Multiple sites, multiple states and even multiple companies are no problem. The new easy-to-use windows format, allowing the user to point and click, greatly speeds up the payroll process.

There has been an overwhelming demand for the highly successful PC-Payroll for Windows, first released in October 1996. Orders for new products have surpassed expectations with 40% of all orders for PC-Payroll for Windows.

Peninsula Software of Virginia has two ways to make it easy to try the features of PC-Payroll for Windows at no-risk. First, there is a 60 day money back guarantee. No questions asked. Second, Peninsula Software of Virginia will send a free demo disk for the user to try for 30 days.

Peninsula Software of Virginia on Internet home page address is:

http://www.pensoft.com

Peninsula Software of Virginia e-mail address is:

info@pensoft.com

Literature is available to your readers by calling (757) 873-1199.

PenSoft and PC-Payroll are registered trademarks of Peninsula Software of Virginia, Inc., Windows is a registered trademark of Microsoft Corp.

FOR IMMEDIATE RELEASE

Peninsula Software of Virginia Peninsula Software of Virginia Accessible on the Internet

Newport News, VA -(January 5, 1996) Peninsula Software of Virginia, Inc. announces today their new home page on Internet World Wide Web and their e-mail address.

Peninsula Software of Virginia is known for their highly successful PC-Payroll for DOS and new PC-Payroll for Windows. Both programs automatically compute individual wages, taxes, deductions and benefits based on each employee’s information. It also produces detailed reports and automatically writes the paychecks. Multiple sites, multiple states and even multiple companies are no problem. The new easy-to-use windows format, allowing the user to point and click, greatly speeds up the payroll process.

The demand for the highly successful PC-Payroll for Windows, released in October, alerted Peninsula Software of Virginia to the need for Internet accessibility. After extensive research and planning, the new web site is professional in every way. Now prospective users can communicate online with Peninsula Software of Virginia. They can read about the company, its news releases and even the latest newsletters to its customers. When they are satisfied PC-Payroll is the best payroll solution for their company, they may even subscribe online.

Peninsula Software of Virginia on Internet home page address is:

http://www.pensoft.com

Peninsula Software of Virginia e-mail address is:

info@pensoft.com

Literature is available to your readers by calling (757) 873-1199.

PenSoft and PC-Payroll are registered trademarks of Peninsula Software of Virginia, Inc., Windows is a registered trademark of Microsoft Corp.

FOR IMMEDIATE PUBLICATION....

Peninsula Software of Virginia New Literature - PC-Payroll for Windows

Newport News, VA -(January 5, 1996) Peninsula Software of Virginia now offers end-user literature graphically detailing the features and benefits of new PC-Payroll for Windows.

The highly successful PC-Payroll for Windows automatically computes individual wages, taxes, deductions and benefits. All the user does is enter each employee’s information. It also produces detailed reports and automatically writes the paychecks. Multiple sites, state locations and even multiple companies are not problem. And the easy-to-use windows format allows the user to point and click greatly speeding up the payroll process. New literature outlines the many easy-to-use features, benefits and options. Literature is available to your readers by calling (757) 873-1199.

To receive additional information about PC-Payroll for Windows, please call (757) 873-1199.

PenSoft and PC-Payroll are registered trademarks of Peninsula Software of Virginia, Inc., Windows is a registered trademark of Microsoft Corp.

FOR IMMEDIATE PUBLICATION....

Users Say PC-Payroll for Windows Makes A Difference In Their Business

Newport News, VA -(January 4, 1996) Although shipped just last month, PC-Payroll for Windows from Peninsula Software of Virginia, Inc. is already receiving rave reviews from business owners across the country who say the program is so easy and so fast it actually has an impact on how their businesses are run.

Designed specifically for small to mid-sized businesses, PC-Payroll for Windows delivers all the computing muscle and flexibility users need, without the intimidating complexity of standard, off-the-shelf accounting/payroll programs. This powerful yet straight-forward package is enabling users to process virtually any payroll quickly and affordably, saving valuable time, countless dollars and endless frustration.

Motel owner Jiggs Elphison manages payroll for four hotel and up to 115 employees during the peak summer season in Whitefish, Montana. A self-taught computer user, Elphison used to manually tabulate time cards, stay on the calculator, look in the books, and, finally, enter everything on a homemade spreadsheet. Now, with PC-Payroll for Windows, he spends a total of 15 minutes from time cards to checks. "I just think it’s a great program for the money. It’s so simple, all you have to do is enter the number of hours, hit enter and it’s done.

PC-Payroll for Windows also gives Elphison the flexibility and custom reporting he needs. "In our business, there’s a big turnover. PC-Payroll for Windows lets me put employees in an inactive column, so only the active ones are calculated. I can also customize the reports to itemize different job classifications for individual employees. The reports are very concise, so I have a good audit trail for record keeping."

Terry Warren, owner of U.S. Cleaning Services in Alexandria, VA., also used to figure payroll by hand. Then he tried Quicken and a couple of other programs, but wasn’t satisfied. "They didn’t give me the reports I wanted, or they weren’t easy to access," he said. "With PC-Payroll for Windows, everything you need is right there in front of you. You can define your own reports by just clicking and moving information around in that report. Whatever information I want, that’s exactly what I get."

PC-Payroll for Windows was created from the ground up to offer the most ease of use possible, as well as true multi-state capability an important factor for Warren, who has employees from Virginia, Washington, DC, and Maryland. "It presents no problems whatsoever," he said.

Other accounting packages are gathering dust on his shelf, and he actually considered hiring someone else to figure his payroll. "But whatever it costs, PC-Payroll makes keeping payroll in house a much better deal."

Even if Warren decided to contract for payroll services, it’s likely that PC-Payroll for Windows would still be processing it. Professional accountants appreciate the software’s powerful, streamlined operation.

Ruth Higgins handles payroll for several small businesses out of her accounting and bookkeeping service in Oakland, ME. She figured client payrolls by hand until she started using PC-Payroll five years ago. "PC-Payroll absolutely made a difference in my business. It has allowed me to take on more clients.

The Windows version is even better, Higgins said, because it offers even more choices and capabilities. "It even accommodates different pay rates for a single individual. I’ve found nothing else that works better. It’s an inexpensive, hardworking program."

Union State Bank of Fargo, ND, outsourced its payroll until three years ago, when Vice President Dave Kramer decided to bring the function in house. "We wanted a more timely payroll process," he said. He looked at other programs, but preferred PC-Payroll. A Windows user, Kramer is pleased with the new version and its menu-driven, fully customizable reporting options.

"I do the payroll in 10 minutes every two weeks," said Kramer. "Between what we were paying and to have it done and now the time I save doing it, PC-Payroll more than pays for itself."

A new annual subscription to the standard PC-Payroll for Windows is $195, $95 for annual renewals. New subscriptions to the professional version, which features department payroll and export files, are priced at $295 each, $195 for annual renewals. Each subscription includes a program disk that provides the latest tax tables for all 50 states and extensive help files, free and unlimited technical support, user’s manual, free updates throughout the tax year, a quarterly newsletter, and special subscriber renewal rates.

Peninsula Software of Virginia has been designing and manufacturing premium payroll software for more than 13 years, specifically for the automated payroll needs of smaller businesses. More than 1,600 organizations throughout the US depend on PC-Payroll to accurately process their unique payroll and tax requirements quickly, easily, and cost effectively. Peninsula Software of Virginia also operates PS Accounting and PC-Payroll Forms and Supplies Direct.

For more information on the 1996 Windows version of PC-Payroll, call Peninsula Software of Virginia at 1-757-873-1199, write to 11790 Jefferson Avenue, Suite 100, Newport News, VA, 23606, of find their home page at http://www.pensoft.com.

PenSoft and PC-Payroll are registered trademarks of Peninsula Software of Virginia, Inc., Windows is a registered trademark of Microsoft Corp.

FOR IMMEDIATE RELEASE....

Peninsula Software of Virginia Releases PC-Payroll for Windows
True Multi-State Capability Simplifies Payroll Process

Newport News, VA -(October 16, 1995) Peninsula Software of Virginia, Inc., announced today the release of PC-Payroll for Windows payroll processing software. Designed specifically for small to mid-sized businesses, PC-Payroll provides true multi-state capability, plus a host of other features in a single, easy-to-use package.

PC-Payroll will be available for shipment in December in both standard and professional versions. A new annual subscription to the standard version is priced at $195, $95 for annual renewals. New subscriptions to the professional version, which features department payroll and export files, are priced at $295 each, $195 for annual renewals. Each subscription includes a program disk with the latest tax tables for all 50 states and extensive help file, free and unlimited technical support, user's manual, free updates throughout the tax year, a quarterly newsletter, and special subscriber renewal rates.

PC-Payroll automates virtually any payroll, from the most basic to the most complex, computing all pay rates, deductions, taxes, leave and more with the point-and-click ease of a 10-function tool bar and pull-down menus. It also produces hundreds of management and department (professional version) reports and summaries, including federal, state and local tax data, W-2 forms, and a host of user-defined reports.

"While we are excited about the new Windows format, we've always believed PC-Payroll is the best value on the market in a comprehensive payroll package, and our customer support is outstanding," said Leroy Newman, company president and CEO. "PC-Payroll can make anyone in the organization a payroll expert."

Unlike most off-the-shelf accounting and payroll software packages, PC-Payroll is fully customizable, so each business can set it up according to their specific payroll needs. For example, PC-Payroll easily accommodates multiple companies and after-the-fact payroll for accountants, the special tax status for clergy, state-specific retirement plans, combinations of salaries (base pay, commissions, bonuses, etc.) that change with each reporting period, and multi-state employee residences and multiple plant sites. PC-Payroll's files can also be easily imported into five accounting software packages.

The new PC-Payroll Windows version was created from the ground up to offer the most flexibility and ease of use possible, however the original DOS version will continue to be available. The 1996 Windows version is also compatible with Windows 95, and requires an IBM-compatible computer with a hard disk, a minimum of 4 MB of memory, and a printer.

Peninsula Software of Virginia has been designing and manufacturing premium payroll software for more than 13 years specifically for the automated payroll needs of smaller businesses. More than 1600 organizations throughout the U.S. depend on PC-Payroll to accurately process their unique payroll and tax requirements quickly, easily and cost effectively. Peninsula Software of Virginia also operates PS Accounting and PC-Payroll Forms & Supplies.

For more information on the 1996 Windows version of PC-Payroll, contact Peninsula Software of Virginia at 1-757-873-1199 or at 11790 Jefferson Avenue, Suite 100, Newport News, VA 23606.