Entrepreneur Unveils America’s Fastest Growing Businesses in the 2007 Hot 500 Ranking

Livonia, Mich., August 2, 2007 – WorkForce Software, a leader in workforce management solutions, announces today that it ranked 283rd in Entrepreneur’s Hot 500, a ranking of America’s fastest growing businesses for 2007. The Hot 500 marks Entrepreneur’s 13th consecutive year of revealing the nation’s fastest-growing companies and the entrepreneurs behind them.

Entrepreneur compiled the Hot 500 from a database of over 19 million U.S. businesses with the help of the Corporate Research Board, a leading provider of economic and business data, research, and information. Requirements for each
company included a minimum level of sales growth, positive job growth from 2002 to 2006, and company sales for 2006 exceeding $1 million. This year’s list of Hot 500 entrepreneurs generated $12.6 billion in 2006 revenue.

Based on Entrepreneur’s criteria, only 95,000 businesses, or a half-percent of the 19 million businesses, qualified for a nomination. Entrepreneur then contacted the businesses with the greatest growth to confirm eligibility, which also included that the founder must be actively involved in the company, the company cannot be a spin-off or a division of a larger company, and company sales for 2006 must be at least $1 million. It was from this list Entrepreneur selected the Hot 500 of 2007.

Of the Hot 500 companies, 61-percent was profitable by the second year in business and 56-percent earned its first million. Together, the Hot 500 companies expect to employ 58,776 individuals by 2008, growing from 2,807 of their first day of business. Savings and personal funds, friends and family, bank loans, lines of credit and private investors were the most common sources of funding for these growing companies.

WorkForce Software’s CEO and founder, Kevin Choksi initiated and funded the start-up of WorkForce Software. He solicited the experience of Mike Knister, chief technology officer, and Kathy Cannon, product and implementation director,
to help him start the company in 1999. Without the help of venture capital, WorkForce Software has been a continuously profitable company, increasing its revenue by 550-percent over the past five years. The company also grew from three to eighty employees within a few years, helping support these families in the State of Michigan. In addition to the financial support, WorkForce Software has continued to maintain a flexible work environment for its employees – providing a work/home life balance that is difficult to come by in today’s employment market.

“Being recognized as one of Entrepreneur’s Hot 500 is an exceptional honor and we are proud of what our team has accomplished," said Choksi. “We have an exceptionally talented and motivated team that drives the company’s success
and our customers’ successes.”

To see the entire list of Hot 500 companies, learn more about the ranking, and view details about each company, please visit www.entrepreneur.com/magazine/hot500.

About WorkForce Software

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Media Contact:
Melissa Diemert, Corporate Communications Manager
WorkForce Software, Inc.
mdiemert@workforcesoftware.com
(734) 742-3594