Trailblazers in the Prevention of Domestic Violence Honored at the ‘Mary Kay Ash Heart of Courage Awards’

October 12, 2017

2017 Mary Kay Ash Heart of Courage Awardees

DALLAS, Oct. 12, 2017 /PRNewswire-HISPANIC PR WIRE/ — This evening, Mary Kay Inc. will honor unsung heroes in the fight against domestic violence at the Mary Kay Ash Heart of Courage Awards. The inaugural program will be held at the Rayburn House Office Building, a congressional building for the U.S. House of Representatives in Washington, D.C., and will recognize trailblazers from across the country as they share their successes, as well as challenges, in ending this epidemic.

“For decades, Mary Kay has been committed to ending domestic violence. This awards program recognizes those we stand alongside in this fight by bringing awareness and recognition to their tireless efforts,” said Anne Crews, board member of The Mary Kay Foundation℠ and Vice President of Public Affairs for Mary Kay Inc. “During Domestic Violence Awareness Month in October, we come together in our nation’s capital to honor the passionate individuals and organizations who inspire us to continue to address this crime which impacts one in four women.”

The Mary Kay Ash Heart of Courage Awards Steering Committee, which is comprised of leaders from the National Network to End Domestic Violence Hotline, Break the Cycle, Futures Without Violence, the National Network to End Domestic Violence, the DC Coalition Against Domestic Violence and the National Coalition Against Domestic Violence, voted to honor the following individuals and/or organizations in five categories:

Trailblazer Award – Kathleen Buhle Biden – a domestic violence advocate and strong supporter of her former father-in-law, Former U.S. Vice President Joe Biden, who worked to pass the Violence Against Women Act. She currently serves as the Director of Strategic Partnerships for the DC Volunteer Lawyers Project whose mission is to provide pro bono legal services to domestic violence victims.
Digital Champion – Beverly T. Gooden – a social activist, speaker and creator of a viral Twitter movement. #WhyIStayed was named by TIME as one of the Top 10 Hashtags That Started a Conversation. Her writing has appeared in The New York Times and NBC’s TODAY to name a few.
Media Visionary – Melissa Jeltsen – a senior reporter at HuffPost where she covers domestic violence and other issues related to women’s health, safety and security. She has published blunt, impactful articles shedding light on the issue of domestic violence.
Leader in Prevention – Day One – since its launch in 2003, Day One has become a primary voice of expertise in New York City on the issue of dating abuse and domestic violence among youth. Since its inception, it has educated more than 75,000 youth about how to identify and maintain heathy relationships.
People’s Choice: Voice of the Year – Charmagne Helton – a domestic violence survivor who was three months pregnant the first time her husband beat her, bursting her eardrums. Today, she is a zealous fundraiser, organizer and public speaker for domestic violence issues.

“The Mary Kay Ash Heart of Courage Awards shines a much-needed light on those working every day to prevent and end domestic violence in our communities,” said Katie Ray Jones, CEO of the National Domestic Violence Hotline and a member of the Mary Kay Ash Heart of Courage Awards Steering Committee. “It is gratifying when corporate leaders like Mary Kay recognize the often unseen efforts of domestic violence advocates while continuing the conversation about this nationwide epidemic.”

Mary Kay’s steadfast commitment to help end domestic violence includes prevention, education and crisis intervention programs. In advance of domestic violence awareness month, The Mary Kay Foundation℠ announced $3 million in grants once again committed to ending domestic violence. The company also released its Truth About Abuse survey results revealing a startling new epidemic in the space – digital abuse. To date, Mary Kay Inc. and The Mary Kay Foundation℠ have given $57 million to domestic violence prevention and awareness programs in an effort to end the cycle of abuse.

About Mary Kay
At Mary Kay, success lies in our dedication to irresistible products, a rewarding opportunity and positive community impact. For more than 54 years, Mary Kay has inspired women to achieve their entrepreneurial goals in nearly 40 countries. As a multibillion-dollar company, we offer the latest in cutting-edge skin care, bold color cosmetics and fragrances. Discover more reasons to love Mary Kay at marykay.com.

Mary Kay Inc. Corporate Communications
marykay.com/newsroom
972.687.5332 or [email protected]

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SOURCE Mary Kay Inc.

Does Your Halloween Plan Include Scary Eyes? Be Sure to See Your Eye Care Professional for the Right Fit

October 11, 2017

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AAO Logo (PRNewsFoto/American Academy of Ophthalmology)

SAN FRANCISCO, Oct. 11, 2017 /PRNewswire-HISPANIC PR WIRE/ — Decorative contact lenses can add just the right amount of creepy to your Halloween costume. But wearing costume contact lenses without a prescription can set you up for serious eye infections or permanent vision loss. That’s why the American Academy of Ophthalmology wants to remind people to only buy decorative contact lenses from retailers who require a prescription and sell FDA-approved products.

Photo – https://mma.prnewswire.com/media/581861/American_Academy_of_Ophthalmology_Halloween_Contact_Lens.jpg

Every year, ophthalmologists treat patients who suffer painful, blinding complications from wearing contact lenses that have not been properly fitted by an eye care professional. People like:

Julian, 17, is blind in one eye after wearing contact lenses without a prescription. Ten surgeries couldn’t reverse the damage he suffered.
Laura, 20, has a permanent scar and decreased vision after wearing her lenses for just 10 hours.
Robyn,14, required a corneal transplant after wearing costume lenses for a few hours.

While it is illegal to sell non-prescription contact lenses, they can still be purchased at beauty supply stores, costume shops or on the web. Falsely advertised as “one-size-fits-all” or “no prescription necessary,” these lenses can cause serious eye damage.

Even if you have perfect vision, you still need to obtain a valid prescription and eye exam from an ophthalmologist – a medical doctor who treats eye conditions and diseases – or optometrist. Contact lenses are a medical device

There are four ways over-the-counter decorative contact lenses can seriously harm your eyes:

Over-the-counter lenses can scratch your eye
If not fitted and sized for the person wearing them, contacts can easily scrape the cornea, the outer layer of the eye. Corneal abrasions can cause redness, light sensitivity, discharge, pain or a sensation that something is lodged in the eye.
Poorly maintained contacts can cause sores
Costume contact lenses can create an eye sore called a corneal ulcer. Ulcers often appear as a white dot on the iris, the colored part of the eye, and require treatment. After an ulcer heals, many patients are left with a significant scar on their cornea that decreases their vision.
Non-prescription contacts can lead to eye infections
Both corneal abrasions and ulcers create openings in the eye, making them more vulnerable to bacteria and viruses. All of these organisms can cause serious eye infections known as keratitis.
Non-prescription contacts can lead to blindness
Sometimes scarring from an infection is so bad, a corneal transplant is required to restore vision. The most extreme cases can end in blindness.

Contact lenses, including nonprescription lenses, are not costume jewelry. They are FDA-regulated medical devices that must be prescribed and fitted by an eye care professional. And they must be cared for with the same hygiene rules as regular contact lenses.

“Don’t lose your vision to cheap contact lenses,” warns Thomas L. Steinemann, M.D., a clinical spokesperson for the American Academy of Ophthalmology. “If you must have contact lenses to complete your Halloween costume, avoid over-the-counter ones at all costs. Protect your vision by getting prescription lenses from an eye health professional.”

The Academy encourages the public to watch and share its “No Prescription, No Way” public service announcement that shows the serious damage that these non-prescription costume contact lenses can inflict on the eyes.

Visit the Academy’s EyeSmart® website to learn more about contact lens safety.

About the American Academy of Ophthalmology
The American Academy of Ophthalmology is the world’s largest association of eye physicians and surgeons. A global community of 32,000 medical doctors, we protect sight and empower lives by setting the standards for ophthalmic education and advocating for our patients and the public. We innovate to advance our profession and to ensure the delivery of the highest-quality eye care. Our EyeSmart^® program provides the public with the most trusted information about eye health. For more information, visit aao.org.

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SOURCE American Academy of Ophthalmology

¡Vive Tu Vida! Get Up! Get Moving!® Brings Needed Services and Day of Family Fun to San Diego

October 11, 2017

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SAN DIEGO, Oct. 11, 2017 /PRNewswire-HISPANIC PR WIRE/ — This Saturday, October 14, 2017, the National Alliance for Hispanic Health and Family Health Centers of San Diego present the 11th Annual ¡Vive tu vida! Get Up! Get Moving!^®San Diego event at Memorial Park. The day of wellness promotes physical activity and nutrition for better health and well-being for people of all ages and sizes with a special focus on Hispanic families.

“For eleven years ¡Vive tu vida! Get Up! Get Moving!, has provided nutrition education, free health screenings and wellness activities to communities across the nation,” said Dr. Jane L. Delgado, President and CEO of the National Alliance for Hispanic Health, the nation’s leading Hispanic health advocacy group. “We are grateful and proud of the work all of our partners and hundreds of volunteers contribute to make these events such a success.”

“Vive tu vida is truly an amazing, grassroots community gathering event devoted to family, fun and health! Family Health Centers of San Diego is proud to work with the National Alliance for Hispanic Health and our many sponsors, who are invested in creating healthier neighborhoods,” said Fran Butler-Cohen, CEO of Family Health Centers of San Diego.

What: ¡Vive tu vida! Get Up! Get Moving!^® event featuring —

Health Screenings: cholesterol, glucose, blood pressure, kidney, HIV, vision and dental
Fitness: Zumba, soccer and tennis clinics
Health Information: Information on Medi-Cal and Covered California, financial planning
Nutrition: fresh fruits and healthy snacks available, along with educational resources
Family Fun: music, dancing, raffles and giveaways

Where: 2975 Ocean View Boulevard, San Diego, CA (next to Logan Elementary School)
When: Saturday, October 14, 2017 from 9:00 a.m. to 1:00 p.m.
Cost: FREE!

“The National Alliance for Hispanic Health has a longstanding commitment to help create healthier communities. We are proud to contribute to their efforts through our continuing support of ¡Vive tu vida! Get Up! Get Moving! events,” said Robert Forrester, President and CEO of Newman’s Own Foundation. The Foundation is marking its 8^th year as a national sponsor of the ¡Vive tu vida! Get Up! Get Moving! event series.

The events are also supported nationally by the Healthy Americas Foundation. This is the 11^th anniversary of the ¡Vive tu vida! Get Up! Get Moving! event series; in its first decade it has been attended by over 175,000 people and provided over 85,000 free health screenings.

About the National Alliance for Hispanic Health (the Alliance) – The Alliance is the nation’s foremost science-based source of information and trusted non-partisan advocate for the best health outcomes for all. The Alliance represents thousands of Hispanic health providers across the nation providing services to more than 15 million people each year. For more information, visit http://www.healthyamericas.org or call the Alliance’s Su Familia National Hispanic Family Health Helpline at (866)-783-2645.

SOURCE National Alliance for Hispanic Health

CoAdvantage Acquires Progressive Employer Management Company (PEMCO)

October 11, 2017

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Mike Maseda, President & CEO CoAdvantage

TAMPA, Florida, Oct. 10, 2017 /PRNewswire-HISPANIC PR WIRE/ — CoAdvantage Corporation (“CoAdvantage”), a leading national provider of strategic human resource solutions for small to mid-sized companies, announced today that it has acquired Florida-based Progressive Employer Management Company (“PEMCO”). The merger of the two companies will expand CoAdvantage’s footprint, while accelerating the company’s growth and further strengthening its position in key markets. The combined platform will serve more than 4,000 clients and 85,000 worksite employees with a range of HR outsourced solutions to small and medium sized businesses.

“PEMCO is a large, growing, and skillfully managed Professional Employer Organization (PEO) that has experienced rapid transformation into one of the country’s quality providers,” said Mike Maseda, CoAdvantage President and CEO. “PEMCO has benefited from the stewardship of CEO Clint Burgess, and CFO Peter Grabowski, who will each assume integral roles at the combined company as COO and CFO, respectively,” he added. “We are excited for Clint and Peter to join our senior team and build on our common vision of providing the marketplace with excellent local service supported by outstanding technology and scale,” he said.

PEMCO, located in Sarasota, Florida, is one of the country’s largest private PEOs and has established a strong market position in the state. “Merging with CoAdvantage solidifies our leading presence in Florida, and continues our mission of providing high quality outsourced HR solutions,” said CEO Clint Burgess, who re-joins CoAdvantage having formerly worked with Mike Maseda and team prior to running PEMCO.

The acquisition and merger dramatically increases CoAdvantage’s scale, while adding strong management talent with similar client-focused operating strategies. The transaction follows CoAdvantage’s acquisition of Denver’s Discovery Outsourcing and New Jersey based Compensation Solutions in 2014.

About CoAdvantage
Headquartered in Tampa, Florida, CoAdvantage Corporation is a leader in human resource solutions, providing Professional Employer Organization (PEO) services including payroll, benefits, risk management and HR support to small and medium-sized businesses nationwide. A portfolio company of Morgan Stanley Private Equity, the company has offices throughout Florida and Texas, as well as Colorado, New York and New Jersey, now serving approximately 85,000 worksite employees nationwide. For more information, visit www.coadvantage.com.

About PEMCO: Progressive Employer Management Company (PEMCO) is a Florida-based Professional Employer Organization (PEO) with over 20 years of experience in providing payroll administration, workers’ compensation, employee benefits and human resource solutions to all size businesses at a national level. Founded in 1999 with the mantra to “Focus on the Customer,” PEMCO is one of the fastest growing companies in Florida, serving approximately 33,000 worksite employees with locations across Florida, as well as Dallas, TX. For more information, visit www.progressiveemployer.com.

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SOURCE CoAdvantage Corporation

TIAA Institute, GFLEC Report Offers Deeper Understanding of Hispanic Financial Literacy

October 11, 2017

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NEW YORK, Oct. 11, 2017 /PRNewswire-HISPANIC PR WIRE/ — As the economic importance of the U.S. Hispanic population continues to grow, Hispanics are set apart from the general population by gaps in financial literacy. A report issued today by the TIAA Institute and the Global Financial Literacy Excellence Center (GFLEC) at the George Washington University found a notable difference in the level of financial literacy between U.S.-born and foreign-born Hispanics, concluding that financial literacy programs that separately address U.S.-born and foreign-born Hispanics are likely to drive better results for both groups.

“Financial Literacy among U.S. Hispanics: New Insights from the Personal Finance (P-Fin) Index” used the inaugural wave of the TIAA Institute-GFLEC Personal Finance Index (P-Fin Index) to examine the current state of financial literacy among Hispanic adults. The report found that although personal finance knowledge among Hispanics is lower than that of the U.S. adult population as a whole, there is a notable difference in financial literacy within the Hispanic population between those born in the U.S. and those foreign born. Yet, the Hispanic community overall continues to make strides in educational attainment and financial security.

“We are delighted to continue our partnership with GFLEC on the release of this important nuanced examination of financial literacy among U.S. Hispanics,” said Stephanie Bell-Rose, Head of TIAA Institute. “The economic importance of the U.S. Hispanic population will continue to grow as its size expands and its demographics shift. Therefore, the financial literacy of Hispanics has both macro implications for the economy as a whole and micro implications for the financial well-being of individual households.”

“The new findings reveal substantially low levels of knowledge and understanding of personal finance concepts among Hispanics,” said Annamaria Lusardi, Academic Director of GFLEC. “We hope that targeted financial education programs for Hispanics born in the U.S. and for those born outside the U.S. will reduce the financial literacy gap we see and also allow both the Hispanic and the general population to rise above the modest financial literacy knowledge levels we witness overall among US adults.”

The P-Fin Index measures knowledge and understanding, which enable sound financial decision-making and effective management of personal finances, and Hispanics were oversampled during fielding of the survey. It is unique in its capacity to examine financial literacy across eight areas of personal finance in which individuals routinely function (earning, consuming, saving, investing, borrowing/managing debt, insuring, comprehending risk, and go-to information sources).

The report with new insights on financial literacy levels of Hispanics was authored by Paul Yakoboski, Senior Economist at the TIAA Institute, Annamaria Lusardi, Academic Director at GFLEC, and Andrea Hasler, Assistant Research Professor in Financial Literacy at GFLEC.

To view the report in full, please click HERE.

About the TIAA Institute
The TIAA Institute helps advance the ways individuals and institutions plan for financial security and organizational effectiveness. The institute conducts in-depth research, provides access to a network of thought leaders, and enables those it serves to anticipate trends, plan future strategies and maximize opportunities for success. For more information about the TIAA Institute, visit www.tiaainstitute.org.

About TIAA
TIAA (TIAA.org) is a unique financial partner. With an award-winning track record for consistent investment performance, TIAA is the leading provider of financial services in the academic, research, medical, cultural and government fields. TIAA has $954 billion in assets under management (as of 6/30/2017) and offers a wide range of financial solutions, including investing, banking, advice and education, and retirement services.

About GFLEC
Founded in 2011 at the George Washington University School of Business, the Global Financial Literacy Excellence Center (GFLEC) has positioned itself to be the world’s leading center for financial literacy research and policy. Through rigorous scholarship and research, wide-reaching education, and global policy services, the Center works with partners in Washington, D.C., throughout the United States, and across the globe to raise the level of financial knowledge. GFLEC builds on more than 20 years of academic research by Professor Annamaria Lusardi, an early contributor to financial literacy as a field of study. The Center collaborates on policy work with key institutions such as the FINRA Investor Education Foundation, the Organization for Economic Cooperation and Development (OECD), and the Italian Financial Education Committee. For more information about GFLEC, visit www.gflec.org.

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SOURCE TIAA Institute

FAU National Index Shows Hispanics Souring on Direction of U.S. Economy as Approval for Trump Drops to 31 Percent

October 11, 2017

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The Business and Economics Polling Initiative (BEPI) at Florida Atlantic University conducts surveys on business, economic, political, and social issues with main focus on Hispanic attitudes and opinions at regional, state and national levels.

BOCA RATON, Florida, Oct. 11, 2017 /PRNewswire-HISPANIC PR WIRE/ — Hispanics in the U.S. are souring on the direction of the economy and showing growing dissatisfaction with U.S. President Donald Trump, according to a new national consumer sentiment index conducted by the Florida Atlantic University Business and Economics Polling Initiative (FAU BEPI) in the College of Business.

The Hispanic Consumer Sentiment Index (CSI), taken from July through September, stands at 92, down nearly three points from the second quarter of 2017, when FAU conducted its last quarterly survey of Hispanic consumers nationally. Only 23 percent of Hispanics said the economy was getting better, while the number of respondents who said things were getting worse continued to climb for the third straight quarter – from 16 percent in the first quarter to 22 percent in the second and 29 percent in the third.

Hispanics are still optimistic about their personal finances, however, with 65 percent saying they are better off than they were a year ago and 74 percent saying they will be better off over the next year.

Overall, the percentage of Hispanics who thought it was a good time to buy a big-ticket item for their home fell three points to 61 percent. Only 53 percent thought it was a good time to buy a car, which is down 6 percent from the second quarter. However, perhaps in response to the expectations of high interest rates in the future – 50 percent of respondents expect interest rates to rise – nearly six in 10 Hispanics (58 percent) said it’s a good time to buy a house, up seven points from the previous quarter.

President Trump’s approval rating among Hispanics fell for the third straight quarter – from 39 percent in the first quarter to 33 percent in the second and 31 percent in the third. Of those surveyed, 16 percent identified themselves as Republicans, 52 percent Democrats, 19 percent Independents and 13 percent were not registered.

The survey was conducted nationally July 1-Sept. 30. The random polling sample consisted of 1,000 Hispanics, 18 years of age and older, with a margin of error of +/- 3.5 percent. The survey was administered using both landlines via IVR data collection (44 percent) and online data collection (56 percent) using Survey Sampling International.

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SOURCE Florida Atlantic University Business and Economics Polling Initiative

Generac: New Options in Backup Power Generation

October 10, 2017

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Generac: New Options in Backup Power Generation

MEXICO CITY, Oct. 10, 2017 /PRNewswire/ —

“Diesel-based generators have been the traditional option for business and industrial energy backup. However, they are not the only option. At Generac, we are convinced of the high functionality of the generators fed by different kinds of fuels, which can meet any application, scheme or regulation.”

Frank Moreno, Sr Director Marketing & Distribution Development Latam.

http://www.infosol.com.mx/proyectos/generac/new-options-in-backup-power-generation.html

About Generac

Ever since 1959, Generac has been a leader in the design and manufacturing of a wide range of energy generation equipment and other engine-driven products. As a leader in light-energy equipment for residential and industrial applications, for the energy and construction sectors, Generac’s energy products are available around the world through a vast network of independent distributors, retailers and wholesalers and equipment-rental companies, and they are sold directly to certain clients and end users. http://generac.com/

Infographic – http://mma.prnewswire.com/media/571245/new_options_in_backup_power_generation_Infographic.jpg

SOURCE Generac

NAIC Performance Report Shows Diverse Private Equity Firms Continue to Beat Benchmarks

October 10, 2017

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WASHINGTON, Oct. 10, 2017 /PRNewswire-HISPANIC PR WIRE/ — The National Association of Investment Companies (NAIC) announced today the release of “Examining the Returns: The Financial Returns of Diverse Private Equity Firms,” a research report that provides the most detailed and comprehensive insights on the investment returns generated by diverse-owned private equity firms in the US.

Published with assistance from KPMG, an independent accounting firm that analyzed and compiled the performance data to ensure its integrity and accuracy, and AON Hewitt, who wrote the report, it will serve as a resource for institutional investors, industry professionals and the media. A prior report, released in 2012, was instrumental in informing the industry, institutional investors and the public at large of the value diverse managers bring to portfolios.

The study continues to demonstrate that diverse managers are performing well and are worthy of consideration by institutional investors seeking alpha. “I hope this report causes institutional investors to have an epiphany regarding investing with diverse-owned private equity firms,” says Robert L. Greene, President & CEO of the NAIC. “The opportunity for outperformance is clear and the perceptions which have limited the flow of capital are invalid and unwarranted.”

Among the performance report’s revelations are the fact that diverse-owned private equity firms continue to demonstrate their skill and expertise and have once again outperformed the relevant benchmarks. On an aggregate basis, diverse-owned firms generated an impressive 16.5% internal rate of return for the 10-year reporting period ending in December 2015. This exceeds the Cambridge Buyout & Growth Equity index of 11.3% by more than 500 basis points.

The full report is available on the NAIC Website.

About the NAIC: The National Association of Investment Companies (www.naicpe.com) was founded in 1971 to serve as the industry association for diverse-owned and emerging managers, a number of which rank among the best performing private equity firms and hedge funds in the United States. With more than 40 member firms representing over $85 billion in assets managed, the NAIC is a recognized thought leader on the U.S. Emerging Domestic Market (EDM).

MEDIA CONTACT:
Alan Hughes
917-993-3842
[email protected]

SOURCE National Association of Investment Companies

CoAdvantage Acquires Progressive Employer Management Company (PEMCO)

October 10, 2017

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TAMPA, Florida, Oct. 10, 2017 /PRNewswire-HISPANIC PR WIRE/ — CoAdvantage Corporation (“CoAdvantage”), a leading national provider of strategic human resource solutions for small to mid-sized companies, announced today that it has acquired Florida-based Progressive Employer Management Company (“PEMCO”). The merger of the two companies will expand CoAdvantage’s footprint, while accelerating the company’s growth and further strengthening its position in key markets. The combined platform will serve more than 4,000 clients and 85,000 worksite employees with a range of HR outsourced solutions to small and medium sized businesses.

“PEMCO is a large, growing, and skillfully managed Professional Employer Organization (PEO) that has experienced rapid transformation into one of the country’s quality providers,” said Mike Maseda, CoAdvantage President and CEO. “PEMCO has benefited from the stewardship of CEO Clint Burgess, and CFO Peter Grabowski, who will each assume integral roles at the combined company as COO and CFO, respectively,” he added. “We are excited for Clint and Peter to join our senior team and build on our common vision of providing the marketplace with excellent local service supported by outstanding technology and scale,” he said.

PEMCO, located in Sarasota, Florida, is one of the country’s largest private PEOs and has established a strong market position in the state. “Merging with CoAdvantage solidifies our leading presence in Florida, and continues our mission of providing high quality outsourced HR solutions,” said CEO Clint Burgess, who re-joins CoAdvantage having formerly worked with Mike Maseda and team prior to running PEMCO.

The acquisition and merger dramatically increases CoAdvantage’s scale, while adding strong management talent with similar client-focused operating strategies. The transaction follows CoAdvantage’s acquisition of Denver’s Discovery Outsourcing and New Jersey based Compensation Solutions in 2014.

About CoAdvantage
Headquartered in Tampa, Florida, CoAdvantage Corporation is a leader in human resource solutions, providing Professional Employer Organization (PEO) services including payroll, benefits, risk management and HR support to small and medium-sized businesses nationwide. A portfolio company of Morgan Stanley Private Equity, the company has offices throughout Florida and Texas, as well as Colorado, New York and New Jersey, now serving approximately 85,000 worksite employees nationwide. For more information, visit www.coadvantage.com.

About PEMCO: Progressive Employer Management Company (PEMCO) is a Florida-based Professional Employer Organization (PEO) with over 20 years of experience in providing payroll administration, workers’ compensation, employee benefits and human resource solutions to all size businesses at a national level. Founded in 1999 with the mantra to “Focus on the Customer,” PEMCO is one of the fastest growing companies in Florida, serving approximately 33,000 worksite employees with locations across Florida, as well as Dallas, TX. For more information, visit www.progressiveemployer.com.

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SOURCE CoAdvantage Corporation

CoAdvantage Acquires Progressive Employer Management Company (PEMCO)

October 10, 2017

0

TAMPA, Florida, Oct. 10, 2017 /PRNewswire-HISPANIC PR WIRE/ — CoAdvantage Corporation (“CoAdvantage”), a leading national provider of strategic human resource solutions for small to mid-sized companies, announced today that it has acquired Florida-based Progressive Employer Management Company (“PEMCO”). The merger of the two companies will expand CoAdvantage’s footprint, while accelerating the company’s growth and further strengthening its position in key markets. The combined platform will serve more than 4,000 clients and 85,000 worksite employees with a range of HR outsourced solutions to small and medium sized businesses.

“PEMCO is a large, growing, and skillfully managed Professional Employer Organization (PEO) that has experienced rapid transformation into one of the country’s quality providers,” said Mike Maseda, CoAdvantage President and CEO. “PEMCO has benefited from the stewardship of CEO Clint Burgess, and CFO Peter Grabowski, who will each assume integral roles at the combined company as COO and CFO, respectively,” he added. “We are excited for Clint and Peter to join our senior team and build on our common vision of providing the marketplace with excellent local service supported by outstanding technology and scale,” he said.

PEMCO, located in Sarasota, Florida, is one of the country’s largest private PEOs and has established a strong market position in the state. “Merging with CoAdvantage solidifies our leading presence in Florida, and continues our mission of providing high quality outsourced HR solutions,” said CEO Clint Burgess, who re-joins CoAdvantage having formerly worked with Mike Maseda and team prior to running PEMCO.

The acquisition and merger dramatically increases CoAdvantage’s scale, while adding strong management talent with similar client-focused operating strategies. The transaction follows CoAdvantage’s acquisition of Denver’s Discovery Outsourcing and New Jersey based Compensation Solutions in 2014.

About CoAdvantage
Headquartered in Tampa, Florida, CoAdvantage Corporation is a leader in human resource solutions, providing Professional Employer Organization (PEO) services including payroll, benefits, risk management and HR support to small and medium-sized businesses nationwide. A portfolio company of Morgan Stanley Private Equity, the company has offices throughout Florida and Texas, as well as Colorado, New York and New Jersey, now serving approximately 85,000 worksite employees nationwide. For more information, visit www.coadvantage.com.

About PEMCO: Progressive Employer Management Company (PEMCO) is a Florida-based Professional Employer Organization (PEO) with over 20 years of experience in providing payroll administration, workers’ compensation, employee benefits and human resource solutions to all size businesses at a national level. Founded in 1999 with the mantra to “Focus on the Customer,” PEMCO is one of the fastest growing companies in Florida, serving approximately 33,000 worksite employees with locations across Florida, as well as Dallas, TX. For more information, visit www.progressiveemployer.com.

Photo – https://mma.prnewswire.com/media/570610/Mike_Maseda_President_CEO_CoAdvantage.jpg
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SOURCE CoAdvantage Corporation