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NEWS
FOR IMMEDIATE RELEASE |
TimePilot streamlines payroll
administration
with electronic timekeeping
Firm to present business plan to Midwest Entrepreneurs' Forum's Wheaton
Chapter
CHICAGO, April 18, 2002 -
TimePilot Corporation, a Batavia-based maker of affordable, PC-based time
and attendance systems, will present its business model to the West
Suburban Chapter of the Midwest Entrepreneurs' Forum (MEF) in Wheaton at 7
p.m. on Tuesday, April 30th.
Employees on the TimePilot system use a secure metal button called the iButton on their
keychain to clock in and out at any TimePilot station, according to Joseph
Jarzembowski, the President of TimePilot Corporation. TimePilot also
provides an attendance display on the PC that tells managers when
employees are "on the clock." TimePilot offers far more features than
traditional punchclock systems, yet is priced approximately the same.
The National Time
Equipment Association estimates that 1.6 million small businesses (those
with between 10 and 250 employees) use a paper system for time and
attendance, such as punch cards or timesheets. Many of the existing
electronic systems that are in use rely on clocks that can lose employee
activity records due to a power outage, or use expensive magnetic cards
that wear out and must be replaced frequently.
"TimePilot is an
affordable, secure way of calculating data such as overtime, vacation
time, sick time, and multiple shifts, as well as the subtraction of lunch
and breaks," said Jarzembowski. "This is extremely valuable to small
business owners who now have to rely on inefficient, outdated methods such
as punchcards and timesheets. Attendance is transmitted immediately
between the TimePilot software on the PC and remote TimePilot stations.
This enables small business owners to roll out the system to remote
locations, with practically no limit on the number of employees that it
can handle."
TimePilot has already
sold more than 100 of its systems, according to Jarzembowski, including a
recent sale to a company that bought the system at just 18% of the cost of
a competing time and attendance system. The companies using TimePilot
report that they have saved hundreds of hours a year in labor costs and
reduced their payroll calculation error rate to zero. TimePilot is
currently focused on developing a joint venture to penetrate the retail
and commercial markets, and has already developed strategic relationships
with dealers and resellers.
Jarzembowski will present
the TimePilot business plan at the MEF meeting. The moderator for the
panel will be Steve Chen, a member of board of the Midwest Entrepreneurs'
Forum and a network engineer at Motorola. The panel will include:
- Jack Curley, the technology marketing manager at
Battelle in West Chicago.
- Beverley Conner, vice president of medical sales
at Tripp-Lite in Chicago.
- David Campbell, an accountant with John Campbell
and Associates in Naperville.
- Greg McIntosh, a business strategy expert with
Kwicker Business Development in Cary.
The West
Suburban Chapter of the Midwest Entrepreneurs' Forum will hold this
meeting on Tuesday, April 30th, from 7-9 p.m. at the Rice Campus of the
Illinois Institute of Technology, 201 East Loop Road in Wheaton. Admission
is free for MEF members and $20 for non-members. For $50, non-members can
get an annual membership in the MEF.
About the
Midwest Entrepreneurs' Forum
The Midwest
Entrepreneurs' Forum (MEF) promotes and strengthens the process of
starting and growing companies by providing services, which educate and
inform entrepreneurs. MEF meets the second Monday of each month (except
July and August) at the Downtown Campus of the Illinois Institute of
Technology, 565 W. Adams Street, Chicago, from 6 p.m. to 8 p.m. A suburban
meeting is held the last Tuesday of each month (except July and August)
from 7 p.m. to 9 p.m. at the Daniel L. and Ada F. Rice Campus of the
Illinois Institute of Technology, 201 East Loop Road, Wheaton, Ill. Each
MEF meeting normally features a case presentation/panel discussion that
spotlights a single company in a critical stage of development. MEF
membership is $50 per year and additional information is available online
at
http://midwestentrepreneursforum.org, by calling
312-857-0301 or by writing MEF, 8 South Michigan Avenue, Suite 1000,
Chicago, IL 60603.
# # #
Press Contact:
Mr. Tim Boivin
Tech Image Ltd.
847-632-0040 x 229
tim.boivin@techimage.com
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