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BRICK, New Jersey and COSTA MESA, Calif., May 1, 2006 – Two leading providers of human resource and benefits management services, Secova and UltraLink, today announced a merger. Through this combined entity, Secova and UltraLink will be able to offer global clients a broader range of HR and employee benefits administration services while also providing incomparable flexibility through customized offerings. Sharing the same customer service philosophy – ‘SErvice is our COre VAlue’ as derived from the Secova name – the combined company’s increased scale and scope will benefit clients and employees alike, creating a premier global service provider for the Fortune 2000.

“This merger is a strategic fit between two like-minded organizations with the same goals of putting individual client needs first,” said Venkat Tadanki, Co-Founder and Chief Executive Officer of Secova, who will become CEO of the combined company. “UltraLink has done an amazing job in creating customized solutions for each client, which is perfectly aligned with our strategy of providing complete, end-to-end HRO solutions for organizations seeking to outsource HR administrative services. This merger enables the combined company to leverage technology, global delivery centers and best-in-class processes to deliver an integrated, human resources and benefits administration supply chain at a cost effective price point – regardless of an organization’s size. This integrated solution will provide the combined company with an important competitive differentiator, and at the same time, enhances the ability of our clients to drive business performance. Both organizations have demonstrated an excellent track record of augmenting their client’s internal HR departments to deliver outstanding employee service and more cost effective solutions, resulting in direct enhancement of our clients’ profitability.”

“This merger makes tremendous sense for our clients, bringing an excellent opportunity for two proven, effective organizations to come together with a single focus on being the premier HRO services provider for mid to large sized organizations,” said Vince Sheeran, CEO of UltraLink. “We are very pleased to be merging with Secova, a company with a successful history of delivering cost effective HRO solutions. Secova provides many of the additional services that today’s innovative human resources managers are looking for from their core benefits administration service provider. With our combined resources, we are well positioned for continued innovation and growth. We look forward to delivering even greater value to our customers in the future as we create a new standard for the global delivery of HR and benefits administration services. At the end of the day, what will continue to differentiate us from the majority of service providers is our having well-trained employees who really care about their clients employees.”

The combined entity’s headquarters will remain in Costa Mesa, California with additional centers located in Chennai, India and Brick, New Jersey. The combined company will be managed by a team that reflects a strong balance between the two organizations.

Tadanki stated, “We are delighted that the senior staff and account management teams at both companies have embraced the merger as this will facilitate a seamless integration, enabling us to provide greater value to all of our clients.”

A Full Suite of HRO Services

Processing more than 80 million eligibility records, almost $1 billion in healthcare premiums, and managing over 450 vendor/carrier relationships annually on behalf of its clients, the combined company will continue to help clients reduce costs and streamline their HR processes. The Secova/UltraLink combination will offer comprehensive services to manage benefit business processes – from procurement and enrollment to administration and beyond – including Absence Management, Benefits Enrollment and Administration, Benefits Auditing Benefit Plan Management, COBRA, Employee Communications, HR Support Services and Payroll. All of the administrative functions can be available 24 hours a day, 7 days a week. The services will be available as individually outsourced tasks or as total HRO/BPO processes and available cost effectively through multiple delivery centers.

Secova and UltraLink plan to leverage their significant combined experience with Microsoft technology and service-oriented architecture (SOA) to provide clients with more flexible enterprise integration, increased scalability and expanded analytics capabilities in the core applications that manage the client’s employee data. The architecture allows for quick, flexible connectivity to carriers and other HR and Payroll applications. UltraLink’s’ newly architected employee portal will be integrated with Secova’s proprietary employee benefits system for management of employee communication, decision support, eligibility and enrollment.

About UltraLink

UltraLink is an HR and Benefits Management Services Company focused on helping clients control and drive down the costs of their health and welfare benefits offerings. While many outsourcing solutions modify pre-set vendor/service programs, UltraLink offers a distinctive, flexible approach, tailoring services to a company's individual needs. UltraLink audits, implements and manages a company's entire benefits offering, minimizing benefits cost while maximizing their value.

Founded in 1989, UltraLink has maintained long-term relationships with many well-known, established corporations. The company processes more than 50 million eligibility records, $700 million in healthcare premiums, and manages over 450 vendor/carrier relationships annually on behalf of its clients. For more information about UltraLink, please call 1.800.257.0011 or visit the company’s website at www.UltraLink.com.

About Secova

Secova delivers the industry’s most innovative and cost-effective global Human Resources, Benefits Administration and Payroll outsourcing solutions for medium to large size companies. Secova continuously demonstrates that cost effectiveness does not come at the expense of quality and the well-being of employees. For more information about Secova, please call 1.800.257.0011 or visit the company’s website at www.secova.com