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EDCOR ANNOUNCES EXPANDED SERVICE OFFERING, UPDATING ITS SERVICE PORTFOLIO WITH TWO VALUE-ADDED SERVICES DESIGNED TO ASSIST COMPANIES WITH MANAGING THE ADMINISTRATION OF TUITION ASSISTANCE, LEARNING AND OTHER SPECIALIZED BENEFITS PROGRAMS

New service lines debut alongside the US Bureau of Labor Statistics announcement of another rapid rise in benefits costs in 2004 for U.S. employers

Pontiac, Michigan – Jan. 31, 2005 – Edcor, the nation’s leading provider of administrative services designed to manage corporate tuition assistance and learning programs, announced it is introducing two service lines targeting U.S. companies who remain besieged with escalating benefits costs. This announcement followed a December release by The U.S. Bureau of Labor Statistics, which reported a 6.8% rise in benefit costs for the year ended September 2004. In 2003, benefit costs rose 6.5%.

With this unique focus, Edcor is positioned as a specialized provider in the rapidly growing human resource outsourcing (HRO) market. Edcor plans to introduce the services to its current base of tuition assistance program clients and will team with larger HRO providers as a tier 1 supplier for HRO mega deals.

“Edcor has always been focused on assisting our clients to efficiently and effectively administer Human Resource programs. This announcement reflects our commitment to become the market leader in the administration of non-traditional benefits. We recognize that employers are designing increasingly more flexible and innovative programs and that an effective and efficient solution needs to be offered for the consistent administration across a broad user base. This has been an area of the market neglected by the large players, and as a consequence, companies have been keeping the administration of programs such as tuition assistance, discount purchase programs, transportation, business partner programs and work/life benefits in-house. We find that when the administration of these programs is outsourced to Edcor, we can achieve significant economies of scale“, said Steve Corso, CEO of Edcor.

Edcor also announced significant website enhancements to coincide with the introduction of the new service offerings. The updated website, www.edcor.com was designed by Spiral Creative (www.spiralcreative.com) and Applied Consulting Group and includes information on Edcor’s Learning Management and Specialized Benefits Administrative Solutions.

More about Edcor
As a human resources outsourcing provider, Edcor’s focus is on nontraditional benefits administration and learning management services. Edcor is the leading processor of tuition assistance benefits. Since 1981, we’ve helped customers improve their benefits and learning programs and provided them the opportunity to concentrate on their business strategies and objectives.

For information contact
Lorne Hamilton

(248) 836-0000
solutions@edcor.com