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LATHEM INTRODUCES LOW-COST TIME AND ATTENDANCE SYSTEM FOR SMALL BUSINESS

New PayClock Express System features voice messages and RFID badges

Atlanta, Ga. (March 1 2007) --- Lathem Time Corporation introduces its new PayClock Express, the most affordable Automated Time and Attendance system in the industry, priced at $399 for small businesses interested in upgrading from mechanical time clocks or manual payroll processes. Price points for competitive models in this category begin at $500.

PayClock Express features a modern, high-tech style electronic time clock (PC50) and accompanying Windows(r)-based software, which runs on the user's Windows XP or Vista PC. Employees clock in and out with proximity badges that employ a special chip which communicates with the clock using radio frequencies.  These badges replace the time-consuming paper punch time cards used with conventional mechanical clocks. The electronic time clock stores employee ins/outs, which are recorded instantly in the PayClock Express software, connected to the clock using a standard USB port.  No additional connections or wires are required.

"This new product allows small businesses to automate the one part of their payroll process that is still calculated by hand," says Philip Seagraves, Director of Business Development, Lathem Time Corporation. "Previously, an owner of this type of business had to process time and attendance manually or invest in a highly complicated and expensive system. PayClock Express' new features, easy-to-use design and inexpensive price tag make automating this process a very attractive solution to any type of small business."

PayClock Express reduces errors by keeping an accurate record of employee attendance, which is then compiled and automatically calculated into finished payroll, factoring in wages, attendance, vacation and sick time, lunch and break deductions, and more. In most cases, payroll preparation time is reduced by at least 50%.

One of the most popular features of PayClock Express is the direct interface to ADP(r) Paychex(r) and QuickBooks(r). The interfaces allow data such as employee hours to be imported from the PayClock system directly into a company preferred payroll software, eliminating manual data entry errors while saving time and money. The new interface provides businesses the opportunity to implement true "punch-to-paycheck" systems.

The new PC50 terminal has a sleek look with a glowing blue display and color coded indicator for good and bad punches.  Using the latest RFID technology, the system's badges need only be placed near the front of the terminal to clock in.  Without a magnetic stripe to wear out, these new badges offer significantly longer life saving small businesses the costs of replacing worn out badges.  When employees punch in on the new PC50 terminal, they are welcomed by a voice that the administrator can choose to say hello, goodbye.  Audio messages are also provided for Spanish and French recognizing growing diversity in the US workforce.

"I really get excited about the onboard USB ports included with the PC50.  With this innovation, our customers can add a full range of accessories to their system including the new finger sensor (TS-WFS) which allows employees to punch in by simply placing their finger on the sensor.  This ensures people clock themselves in and eliminates buddy punching." says Seagraves.  Other accessories planned for the PC50 include cameras to capture images of employees as they clock in, key pads to enter job numbers, department changes and tips, as well as many other items to aid in managing employee time and attendance.

This new product will be sold through Staples office supply stores and a network of Lathem authorized office products dealers.

Lathem Time Corporation, headquartered in Atlanta, Georgia, has been a leader in the time and attendance equipment industry since 1919. More than a quarter million businesses around the world use a Lathem timekeeping product. Known for its high quality products and excellent customer service, Lathem Time designs and manufactures a full line of time and attendance hardware and software as well as master control systems.





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