Gevity Announces Proposed Merger With TriNet

Gevity (Nasdaq:GVHR), a leading professional employer organization (PEO) that provides HR services to businesses nationwide, today announced that it has entered into a definitive merger agreement with TriNet Group, Inc. pursuant to which TriNet would acquire all of the outstanding common stock of Gevity in an all-cash transaction valued at $4.00 per share, which represents a premium of approximately 97% over the stock's closing price on March 4, 2009. The transaction is expected to close in the second quarter of 2009 and is subject to the approval of Gevity's shareholders, customary regulatory approvals and other closing conditions. Following the closing, the combined companies will be privately held and will operate under the leadership of TriNet president and CEO Burton M. Goldfield.

PRG-Schultz Announces Subcontracts with Three Medicare Recovery Audit Contractors

PRG-Schultz International, Inc. (Nasdaq: PRGX) the world’s largest recovery audit firm, today announced that the Company has withdrawn its Government Accountability Office protest of the Medicare Recovery Audit Contractor (RAC) contract awards by the Centers for Medicare and Medicaid Services (CMS). The Company also announced today that it has entered into subcontracts with three of the four Medicare RAC contract awardees.

The subcontracts, with CGI Technologies and Solutions Inc., Diversified Collection Services, Inc., and HealthDataInsights, Inc., provide the Company with the opportunity to participate in CMS’s national Medicare RAC program by auditing certain Medicare Part A and Part B claims in three of the program’s four geographic regions.

EZCORP Announces Fiscal 2009 First Quarter Results

EZCORP, Inc. (Nasdaq: EZPW) announced today results for its fiscal first quarter, which ended December 31, 2008.

For the quarter ended December 31, 2008, EZCORP's net income increased 18% to $14,828,000 ($0.33 per share) compared to $12,555,000 ($0.29 per share) for the quarter ended December 31, 2007. Included in the quarter is an unusual pre-tax charge of $1,110,000 ($0.02 per share) related to a 1998 stock option grant, as described below. Excluding this charge, the Company earned $0.35 per share compared to $0.29 in the prior year quarter, an increase of 21%.

Tangarine Payment Solutions Corp. to be Acquired at $0.22 per Share

Tangarine Payment Solutions Corp. ("Tangarine") (TSX VENTURE: TAN) announced today that it has entered into an acquisition agreement (the "Agreement") with 4491157 Canada Inc. ("4491157"), an affiliate of Pivotal Payments Corporation ("Pivotal"), under which 4491157 will acquire all of the outstanding common shares of Tangarine at a price of $0.22 per common share in cash for a total purchase price of approximately $9,338,941 and purchase all of the outstanding Series 1 preferred shares of Tangarine for an aggregate purchase price of $3,839,000 pursuant to a court-approved plan of arrangement (the "Plan of Arrangement").