Benefitfocus named as business of the year

For Immediate Release
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July 1, 2001

Charleston, South Carolina – July 2001 – On June 22, at the Charleston Metro Chamber of Commerce’s Annual Meeting and Gala, it was announced that Benefitfocus.com, Inc. is the 2001 Business of the Year. Benefitfocus was the recipient of the Emerging10 Award earlier this June, along with nine other dynamic and growing companies in the Charleston Region. The Business of the Year winner is chosen from this elite group of ten companies.

This year’s Emerging10 Award was sponsored by Carolina First and coordinated by ThinkTEC, the chamber’s center for technological innovation. It is clear that there is a big push for growth of high-tech companies in the Charleston Business Community. “Benefitfocus represents a new era for the Charleston region — one that combines cutting edge technology with business savvy to seize new economy opportunities. They are a company poised to lead the next generation of business.” Says Lisa Ryan, director of ThinkTEC and member of the Governor’s Technology Steering Committee.

Benefitfocus showed the ingredients for success in this new economy including technological innovation, sound business practices, substantial growth and unique workplace initiatives. “I believe that a massive change in attitude, effort and focus is needed right now if we are to meet the challenges of the New Economy here in Charleston. Clearly the leadership at Benefitfocus understands what it takes to meet those challenges.” states, Bobby Pearce, Jr., the chairman of ThinkTEC and partner at Nelson Mullins Riley and Scarborough LLP.

“Benefitfocus has had a very exciting year and is honored to be recognized for our technology developments and business growth,.” states Shawn Jenkins, President and CEO. Continues Jenkins, “We have built an incredible team of associates who have designed a superior software application. Our business model has allowed us to form partnerships with major corporations and provide service to our clients that is beyond compare. We are on the leading edge of technology that is revolutionizing the area of employee benefits. Benefitfocus is looking forward to all that the future has to offer.”

Benefitfocus.com, Inc. is the leading producer of employee benefits software for use via the Internet and easy to use touch-screen kiosks. Its application provides employees and employers 24/7 access to all benefits and HR information securely over the Internet. Noted for its ease-of-use, the Benefitfocus.com application allows even unsophisticated users the ability to find information and make changes on all employer sponsored benefit programs. Linking this data to payroll vendors and benefits providers, the Benefitfocus.com application seamlessly exchanges data, reducing errors and costs associated with traditional paper-based forms. This allows companies to focus on the benefits and not on the paperwork. Benefitfocus.com can be reached at 843-849-7476 or via the Internet at www.benefitfocus.com.

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