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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July 9, 2009

HRN Acquires Koker Goodwin & Associates to Solidify Position as HR Compensation and Performance Management Leader

SALT LAKE CITY (July 9, 2009) – Jerry P. Nelson, President and CEO of HRN Management Group today announced the acquisition of Wichita, KS based Koker Goodwin & Associates. Koker Goodwin & Associates has been operating since 1996 providing performance-based employee compensation software and consulting services. Their two primary HR management products are Compease compensation administration software and iPerformease online performance planning and coaching solution. HRN has been a long time Compease sales, implementation and training partner.

Financial details of the acquisition were not disclosed. This is the second acquisition for HRN during the past twelve months. In July, 2008 HRN added an HR consulting and executive search division by merging with HRValue Group.

Mr. Nelson stated, “The merger of Koker Goodwin & Associates and HRN culminates a working relationship that has spanned well over a decade and brings together two of the premier compensation and performance management organizations in the country. The synergies will be huge and the outlook for future growth and professionalism is without limit. Clinton Koker and Mike Goodwin have been great friends and business associates for years; to be working with them within the same organization will be outstanding.”

Clinton R. Koker, CEO of Koker Goodwin & Associates added to Mr. Nelson’s remarks by saying, “During the past twelve years we have worked in partnership with HRN Management Group. That partnership has proven to be beneficial to HRN, Koker Goodwin and Associates and our clients. This merger is only natural and I believe will further the objectives of providing high quality, cost-effective human resource consulting and software solutions for our mutual clients.”

Additional information about Koker Goodwin & Associates can be found on the Internet at www.kgassociates.com.

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