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TALX Enhances W-2 eXpress Service To Facilitate Faster Tax Refunds For 2003 Tax Season

ST. LOUIS--(BUSINESS WIRE)--Sept. 18, 2003--TALX Corporation (NASDAQ: TALX), a leading business process outsourcer of payroll data-centric services, announced today that it has enhanced its W-2 eXpress(SM) service with functionality designed to bring faster tax refunds and free services to employees of participating companies.

Using W-2 eXpress, employers can provide printed and paperless original W-2 tax statements, W-2 reprints and W-2 corrections to their employees for filing tax returns and applying for loans. For tax year 2003, employees that consent to receive an original W-2 electronically in place of a printed W-2 will have the ability to obtain faster refunds and access to free services.

By choosing the paperless W-2 option, employees can obtain their original W-2 online, complete their taxes and file for a refund all before the paper W-2s are even printed. In addition, employees will have the ability to reset their password on-line, without having to contact their HR departments or customer service. This quicker and easier access to the W-2 can speed the tax refund process.

Additionally, employees that consent to receive their original W-2s on-line will gain free access to the electronic copy for the entire year. Even after the January 31st distribution deadline for paper W-2s, an employee who received a paper W-2 can consent to a paperless W-2 for the current tax year (and future tax years) and receive the same benefits as an employee who consented prior to the print deadline.

Last year, more than 5% of all eligible employees using W-2 eXpress -- and up to 40% of eligible employees at some employers -- opted to receive their original W-2s electronically rather than through the mail. "With these new enhancements, W-2 eXpress will be even more attractive to employees and employers alike," said Dave Fowler, director of product management for TALX. "We anticipate significant growth in the percentage of consenting employees going forward."

Employers using W-2 eXpress will benefit from this year's enhancements as more employees choose to receive their W-2s on-line. Higher employee participation rates in W-2 eXpress' paperless W-2 service lead to lower printing and postage costs as well as storage and retrieval costs for returned statements. The free services, offered both before and after the initial printing, are expected to help increase the number of employees that consent to paperless W-2s going forward.

In addition, employee acceptance of paperless W-2s opens the door for clients to adopt other paperless payroll services from TALX such as ePayroll Services for electronic pay statements and FasTime(R) services for electronic timesheets.

About W-2 eXpress(SM).

W-2 eXpress(SM) offers a wide range of W-2 services, including distribution of both printed and paperless original W-2 statements, W-2 reprints, and facilitating W-2 corrections - all on forms which meet the requirements of the Internal Revenue Service. In addition, through alliances with leading tax software preparation companies, employees can securely import W-2 information from W-2 eXpress directly into tax returns. All W-2 eXpress services are available to employees via the Web or telephone 24 hours a day, 7 days a week.

About TALX Corporation

TALX Corporation is a leading business process outsourcer of payroll data-centric services. TALX holds a leadership position in two key employment-related services -- automated employment and income verification services via The Work Number(R) services and unemployment cost management services via UC eXpress(SM). TALX also provides paperless payroll services, W-2 services and automated time entry services. Based in St. Louis, Missouri, TALX empowers users to complete transactions independently utilizing available multimedia including Web, interactive voice response, speech recognition, fax and e-mail. TALX Corporation common stock trades on the NASDAQ Stock Market under the symbol TALX. For more information about TALX Corporation, call 314-214-7000 or access the company's Web site at www.talx.com

Statements in this press release expressing the expectations of management may be forward-looking and involve uncertainties. TALX risk factors are detailed in documents filed with the Securities and Exchange Commission.

CONTACT: TALX Corporation, St. Louis Laura Browder, 314-214-7224 lbrowder@talx.com SOURCE: TALX Corporation

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