ST. LOUIS, Jul 23, 2002 (BUSINESS WIRE) -- TALX Corporation (NASDAQ: TALX) a
leading business process outsourcer of human resource, benefits and payroll
services, announces the availability of UC eXpress(SM)--a complete suite of
services designed to reduce the cost of processing unemployment claims and
better manage the tax rates that employers are assessed for employment taxes. UC
eXpress services feature advanced systems, document imaging and Internet access
to speed the processing of new unemployment claims while immediately uncovering
inaccuracies in filed claims. UC eXpress also includes valuable tax planning
services that assist employers in the strategic planning for all employment
taxes. More information is available on the UC eXpress website at
UC eXpress represents the best-in-class services for managing each component of
unemployment costs. "When it comes to unemployment cost management, companies
are looking to develop relationships with outsourcing firms that tackle every
facet of employment tax minimization," said Bill Canfield, president and CEO of
TALX Corporation. "UC eXpress is the direct result of our recent acquisitions of
the two leading unemployment cost management businesses, The Frick Company and
the unemployment cost management business of GatesMcDonald. We are excited to
bring this best-in-class service to market."
"The formation of UC eXpress combines an industry leading employment tax service
with an extensive client relationship management organization. The service
offering is completed by the application of advanced technology to the
unemployment claim management process," said Laura Browder, manager of corporate
development for TALX Corporation. "Employers familiar with outsourcing their
unemployment claims processing will notice the enhanced access to UC eXpress
through both an informative website and a knowledgeable client support team."
The Department of Labor recently estimated that $2.4 billion in overpayments was
included in the $30 billion in unemployment benefits paid in calendar year 2001,
including $560 million attributable to fraud or abuse. "With UC eXpress, we can
limit our customers' exposure to these overpayments through aggressive
monitoring of the entire claims process," said Browder.
In addition, many customers are already benefiting from UC eXpress Employer Tax
Services, which recover unemployment tax overpayments as well as provide
strategic employment tax planning. "With the current financial environment and
proposed regulations that would restrict accountants from providing consulting
services to companies whose books they audit, many organizations are working to
separate their financial accounting from their various tax consulting programs.
As a result, the comprehensive UC eXpress tax services are in demand to provide
the highest level of expertise in the employment tax arena," said Browder.
"Fast-growing organizations, companies that have been involved in mergers,
acquisitions, reorganizations and restructurings and businesses planning any of
these events in the future likely benefit the most from these comprehensive
By combining UC eXpress with its other HR services, TALX offers an even larger
suite of payroll-centric services to its customers, potentially through a single
payroll data interface. TALX services, which include The Work Number(R), The
Work Number ePayroll Services and W2 eXpress(SM), enable customers to save money
while empowering employees to manage routine payroll-related activities in a
secure, convenient online environment.
About UC eXpress
UC eXpress offers complete unemployment cost management services, from
unemployment claims processing to unemployment tax rate assessment and tax
consulting. Using advanced in-house systems, document imaging and web access, UC
eXpress speeds the processing of unemployment claims for its clients. By
protesting invalid and improper charges to an employer's tax accounts, UC
eXpress saves clients' tax dollars. In addition, UC eXpress offers expert
hearing consultation using its in-house staff of hearing consultants and
attorneys. Since UC eXpress offers a choice of Employer Tax Services, clients
can utilize any or all of the services that are designed to reduce their
employment tax costs. UC eXpress professional staff offers short or long-term
support for the burdens and complexities facing clients' payroll tax
departments. More information is available on the UC eXpress website at
About TALX Corporation
TALX Corporation is a leading outsourced service provider for the human
resource, benefits and payroll markets. TALX holds a leadership position in two
key employment-related services - automated employment and income verification
services via The Work Number(R) and unemployment cost management services
through UC eXpress. TALX is also a leading provider of automated benefits
enrollment services and a provider of 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(R) 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
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