TWC Group :: Press Releases

TWC WELCOMES HR IMPACT

Merger Strengthens TWC's Human Resources Consulting Capabilities

Audubon PA (March 1, 2006) – TWC, a leading provider of recruitment process outsourcing (RPO), today announced that HR Impact, a specialized human resources provider, has joined the TWC Group of Companies. Together, with a combined $10 million in revenues, TWC and HR Impact will create the premier recruitment and HR outsourcing provider in the Northeast.

"HR Impact's expertise in providing specialized human resources services complements TWC's strength in outsourced recruiting," said Terry Williams, chairman and CEO of TWC. "This addition expands TWC's ability to provide a comprehensive HR services offering for our growing client base of emerging venture-backed firms and established Fortune 500 companies."

This combination merges HR Impact's proven success in delivering HR best practices together with TWC's leading recruitment process outsourcing solutions. HR Impact's expertise helps companies fully maximize the HR function by providing both transactional and strategic support in the areas of compliance, compensation, benefits program design, employee development and executive mentoring. Meanwhile, TWC can continue to concentrate on its core competency of workforce recruitment and retention.

"Uniting our services is mutually beneficial to customers on both sides," said Rob Rosend, president and CEO of HR Impact. "HR Impact shares TWC's strong commitment to building a strategic partnership with the client, offering the ability to augment or operate as their existing HR function. Together, the combined companies will be able to meet a broader range of customer needs with a stronger pool of joint resources."

"HR Impact has helped stabilize the Human Resources function and has become an integral part of the decision-making process," said Dan Cistone, Executive VP & CFO, M&C Specialties. "There has been a shift in the way Human Resources is viewed at M&C. There is now a stronger tie between the employees and HR function, and HR is viewed as more of a partner with the management team. We're excited about the additional resources that TWC and HR Impact can now provide."

About HR Impact

HR Impact provides on-demand, partial or full human resource outsourcing, with extensive experience in assessing, developing and implementing programs for compliance, compensation, employee development, executive mentoring, benefits, employee relations and organizational development. With a special focus on small- to medium-sized companies, HR Impact tailors HR solutions to the individual organization and its unique company culture, business needs and strategic objectives. HR Impact's goal is to provide exceptional service through an outstanding team of HR professionals. For more information, please visit HR Impact at www.hrimpact.com.

About TWC Group
TWC Group is a leading provider of recruitment process outsourcing (RPO) that enables companies to build a competitive advantage through workforce recruitment and retention. With a focus on human capital solutions, TWC provides a single point of contact for on-demand and project recruitment, executive search, and human resources consulting. From start-ups to Fortune 500 firms, TWC's impressive track record includes experience in Biotech, Energy, Financial Services, Healthcare, Information Technology, Manufacturing, Optics, Pharmaceuticals, Telecommunications, and Wireless. Additional information about TWC may be found at www.twcgroup.com.