Afinida Achieves Record Weekly Payroll Processing Revenue

Rhea-AI Summary

Trucept, Inc. (OTC Pink: TREP) announced a significant milestone with $5 million in weekly payroll processing, showcasing growth in its payroll processing and services division. COO Julie Neill highlighted that Afinida, Trucept's subsidiary, continues to thrive with no adverse effects from the pandemic. Afinida specializes in payroll and HR management, offering comprehensive services such as direct deposit management and wage garnishments. The success is attributed to personalized client service amidst a shift towards web-based payroll services.

Positive

• Achieved $5 million in weekly payroll processing, indicating strong business growth.
• Significant growth reported across all departments with pandemic having no impact.
• Commitment to personalized service differentiates Afinida from competitors.

Negative

• None.

SAN DIEGO--(BUSINESS WIRE)-- Afinida, a subsidiary of Trucept, Inc. (OTC Pink: TREP), today announced that the company reached a new milestone of $5 million in weekly payroll processing. The increase is the result of ongoing growth in its payroll processing and services division.

COO Julie Neill commented: “We are very pleased with the results being posted by Afinida, specifically in our payroll processing operations. Afinida has realized significant growth across all departments, with the global pandemic having virtually no effect on growth. Afinida provides payroll and human resource management services to businesses across America, and our success is due in part to the high level of personalized service that we provide to our clients.” As more payroll service providers move to a web-based self-serve model, Afinida remains firmly committed to superior, client-centric service managed by real people.

Afinida offers professional services that help businesses navigate growth. The company’s professional services now encompass the following:

• Full-Service Cloud Based Payroll Services
• Direct Deposit Management
• New Hire Reporting
• Wage Garnishments
• W2 Management

For additional information, find us at www.afinida.com

About Trucept Inc.

True solutions, today and tomorrow: Trucept, Inc. helps organizations focus on growing their business. With a dedicated suite of powerful tools and services designed to put business owners in charge of running their businesses and increasing efficiency, Trucept tackles a variety of important administrative needs and provides a host of value-added advantages. For more information, call 858-798-1620 or visit https://truceptservices.com/.

Disclaimer

Statements in this press release that are not historical facts are forward-looking statements, including statements regarding future revenues and sales projections, plans for future financing, the ability to meet operational milestones, marketing arrangements and plans, and shipments to and regulatory approvals in international markets. Such statements reflect management’s current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company’s expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the Company’s success are more fully disclosed in the Company’s most recent public filings with the U.S. Securities and Exchange Commission (“SEC”), including its annual report on Form 10-K.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211101005156/en/

Norman Tipton

858-798-1620

info@truceptservices.com

Source: Trucept, Inc.

FAQ

What is the current payroll processing milestone for Trucept, Inc. (TREP)?

Trucept, Inc. has reached a milestone of $5 million in weekly payroll processing.

How has Afinida performed during the pandemic?

Afinida has reported significant growth with virtually no adverse effects from the pandemic.

What services does Afinida provide?

Afinida offers payroll and human resource management services, including full-service cloud-based payroll, direct deposit management, and wage garnishments.

What is the main focus of Trucept, Inc. (TREP) as a company?

Trucept, Inc. aims to help organizations grow their business through efficient administrative services.