TEAM Mucho, Inc. Forms Strategic Alliance with
The Hertz Corporation
COLUMBUS, Ohio, March 28 TEAM Mucho, Inc.,
and The Hertz Corporation have formed a strategic alliance to bring Hertz'
services to TEAM Mucho's professional employer organization (PEO) clients and
co-employees as well as members of TEAM Mucho's online business center (OBC).
As part of the strategic alliance, members of the TEAM Mucho community
will receive special discounted rates and the opportunity to earn a variety of
additional benefits.
R. Allan Littlehale, Hertz' Director, Business Development & eMerging
Market Programs, commented, "Hertz has focused on the small and middle market
business community for nearly two decades with car rental programs that
provide these growth-oriented businesses with a significant value package.
TEAM Mucho has shown us they understand the value equation in offering their
members a co-branded car rental program. We are pleased to extend that
benefit to TEAM Mucho's PEO community."
"Hertz' commitment to quality and worldwide service brings exceptional
value to our community," said S. Cash Nickerson, CEO Team Mucho, Inc. "I
travel extensively and want everyone to have the same rewarding experiences I
have had with Hertz."
About Hertz
Hertz is the world's largest car rental company operating from 7,000
locations in more than 140 countries.
About TEAM Mucho, Inc.
TEAM Mucho, Inc., "The TEAM That Brings You More," is a business process
outsourcing company with over 15 years of experience providing outsourced HR
services, PEO services and business process outsourcing both on line and off
line. The company's five point strategy, "TEAM MAGIC" includes 1) Merging
with other PEOs, 2) Automating TEAM Direct Software so clients and employees
can operate over the web, 3) Growing internally at a pace consistent with its
main competitor, Administaff, 4) Integrating acquisitions and 5) Cross selling
other products and services to small business clients.
TEAM Mucho's corporate offices are located at 110 E. Wilson Bridge Road,
Worthington, OH 43085. Phone: (614) 848-3995; FAX: (614) 848-7639; Toll Free:
(800) 962-2758. For more information regarding TEAM America, visit the new
site at http://www.TEAMamerica.com . For more information regarding Mucho, Inc.,
visit http://www.mucho.com . For additional information, please contact S. Cash
Nickerson or Kevin T. Costello at (800) 962-2758.
Statements in this news release that are not historical facts are forward-
looking statements, including the projection of increased earnings per share,
whether the implementation of the Company's post merger strategic plan will be
successful, whether the conditions to the merger, including regulatory and
other approvals, can be satisfied or obtained to permit the closing of the
acquisition, and whether PSMI can be successfully integrated with the
Company's operations, are such forward-looking statements. It is important to
note that the Company's actual results could differ materially from those
projected in such forward-looking statements. Additional information
concerning factors that could cause actual results to differ materially from
those suggested in the forward-looking statements is contained under the
caption "Business-Risk Factors" in the Company's Annual Report on Form 10-K
for the year ended December 31, 1999 filed with the Securities and Exchange
Commission, as the same may be amended from time to time. Forward-looking
statements are not guarantees of performance. They involve risks,
uncertainties and assumptions. The future results and shareholder values of
the Company may differ materially from those expressed in these forward-
looking statements. Many of the factors that will determine these results and
values are beyond the Company's ability to control or predict. Shareholders
are cautioned not to put undue reliance on forward-looking statements. In
addition, the Company does not have any intention or obligation to update
forward-looking statements after the date hereof, even if new information,
future events, or other circumstances have made them incorrect or misleading.
For those statements, the Company claims the protection of the safe harbor for
forward-looking statements contained in the Private Securities Litigation
Reform Act of 1995.