ELS/WBS Purchase

ELS's President and CEO set to retire at the end of 2011; Company announcement of sale to Workforce Business Services.

Dear Friends:

I am pleased to announce my retirement at the end of this year. In addition, I am also pleased to announce that a former business partner and long time friend, Robert "Bob" Kelly, President and CEO of Workforce Business Services, has purchased Employee Leasing Solutions.

I have sold a company in the past and I learned from that experience there are two major questions the buyer must answer. First, will my employees retain their jobs? Second, will the high-level of customer service be maintained so that the transition will be seamless to our clients? Workforce Business Services has answered these concerns and I am confident you will have the same employees giving you the same high level of service you have grown accustomed to.

I've known Bob for over 21 years and I am confident that he will remain committed to our core values of quality, integrity, honesty and fair play for our clients. Bob is an extremely capable and seasoned veteran in the PEO industry and his insight into how the business works from the ground level up and is a tremendous asset to have.

At the end of the day, the biggest change for most will be writing your check to Workforce Business Services (WBS) in place of ELS, everything else will remain unchanged. Zurich will continue to provide your workers' compensation coverage and new certificates will be arriving shortly, if not already. Also, Aetna will continue to provide major medical insurance.

I have had the great pleasure to work with many wonderful people here at ELS. I'd like to congratulate Bob on his new venture and I'm looking forward to spending more time with my family at my home in North Carolina.

We appreciate your business and continued support. Please call us if you have any questions.

Best regards,

William “Bill” Mullis
President