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January 26, 2010

News Release: HRN Posts Record Sales Growth in 2009

SALT LAKE CITY, UT (January 26, 2010) — HRN Management Group, a provider of human resource products and consulting services today announced setting the following 2009 company sales revenue records:

  • 2009 Gross sales revenue increased 11.7% over previous 2008 sales record
  • 2009 Product sales revenue increased by a record 35.25% over 2008
  • 2009 Performance Pro sales revenue increased 14.5% over 2008
  • 2009 Compease sales revenue increased an unprecedented 128.9% over 2008

Mr. Jerry P. Nelson, HRN President and CEO stated, “I could not be more pleased with our 2009 performance! We expected 2009 to be a challenging year due to the economic climate, yet we set high goals and worked hard to execute, make adjustments, and achieve our sales, product development, and customer support objectives. I attribute our success to staying focused on what we do best—providing cost-effective, time saving, world class HR products and services that fulfill the employee management and compensation administration needs of a wide range of organizations and markets.”

Making HRN’s 2009 sales performance more noteworthy is that the reported sales total does not include additional product and consulting sales revenue from Wichita, KS based Koker Goodwin & Associates (KGA), a company acquired by HRN in July, 2009.

Mr. Nelson added, “With the complete integration of KGA as part of HRN taking place in 2010 we expect this year to be a breakout year that will include the release of Performance Pro 3 and followed closely by the launch of Succession Pro, an online succession planning solution.”

In addition to new sales, high customer satisfaction significantly contributed to the successful year demonstrated by record Performance Pro annual renewal income.

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