Thomas-Matthew Associates Celebrates First Anniversary

Successful Launch Attributed to Shift in Hiring Trends and Small Business Advantages

Newtown, PA (June 15, 2005)...Thomas-Matthew Associates, a technical staffing solutions firm, celebrates its first anniversary after achieving first-year sales of $500,000, a figure expected to quadruple for 2006. The Company attributes the successful launch to the application of sound business strategies, a shift in hiring trends and a market preference for the personal service provided by a smaller staffing firm.

"When you see the statistics on the number of start-ups that fail, it makes you think twice about launching a business of your own," said Karl Schneider, President and Founder, Thomas-Matthew Associates. "So we aligned our service offering with the current demands, kept our overhead low and worked diligently until we reached our goals. We're pleased our strategy is working and look forward to what this year has to offer."

Thomas-Matthew Associates provides contract, permanent, contract-to-hire and subcontract staffing as well as payroll services to Information Technology and Pharmaceutical /Life Sciences companies in the Philadelphia region. The company continually adapts it services to keep pace with changing staffing needs.

"The market is highly price-driven now. There are more off-shore workers on-shore so price is the driver for programming and development. And demand is up for higher-level talent that can translate the business and technical requirements of the application," Schneider commented. "That's where working with a smaller staffing firm comes in. We have a vested interest in our clients' long-term satisfaction so we work especially hard to deliver the resources they need. We follow-up to ensure they're satisfied and correct the situation if not. Our clients seem to like those differentiators because it gives them peace of mind."

Schneider has a tenured career in the staff augmentation and professional services industry. He has held various sales and management positions within the industry since 1994. Prior to starting Thomas-Matthew Associates, Karl was Director of Sales and Operations for a regional IT staffing firm.

"Some people thought it was crazy to start a staffing business when the market was still soft. But the market favors a business model like ours. One and two-person shops with low overhead can thrive even if the market is soft," said Schneider. Sure there are risks. But the rewards clearly outweigh the risks.

About Thomas-Matthew Associates

Thomas-Matthew Associates is a full-service recruiting company with a decade of experience in the Information Technology and Pharmaceutical/Life Sciences space. The company's client base consists of start-up/growth businesses, middle market companies, non-profits, and Fortune 500 companies in the Philadelphia tri-state region. A full range of technical staffing solutions include contract, permanent, contract-to-hire and subcontract staffing as well as payroll services.