Request a copy of the 2006 Empagio Executive Study on Payroll and Tax Filing

View the latest trends in the payroll and tax filing market, as captured by Empagio’s annual survey of financial and human resources (HR) executives. Download a copy of the survey

Empagio Launches Payroll Tax Filing Service

Hires Top ProBusiness Executive to Lead Division

Atlanta, Georgia (August 1, 2006) – HALO Technology Holdings, Inc. (OTCBB: HALO) and its wholly-owned subsidiary, Empagio, today announced the creation of the unit's payroll tax compliance division for mid- to large-size companies. Leading this operation will be Gary Stanaford, former Vice President at ProBusiness. Mr. Stanaford brings to Empagio a wealth of leadership in the payroll tax compliance market and a reputation for sales and service excellence. His experience and reputation, combined with the customer-focused culture that he brings from ProBusiness, will offer Empagio's customers the confidence that they are not only receiving an unparalleled payroll tax compliance solution but also the highest quality customer experience.

The Empagio payroll tax compliance service offers customers an integrated solution for solving their payroll tax filing, scheduling, processing, balancing, payment and tax inquiry resolution needs in both the U.S. and Canada. The service is delivered via Empagio's proprietary, web-based HRMS platform and uses industry leading tax filing technology. Empagio's tax compliance service is offered as both an addition to Empagio's existing payroll solution as well as a standalone product that integrates with nearly all existing in-house payroll processing systems.

"The marketplace has a tremendous need for this type of service offering, and this service fills that need with the most comprehensive solution in the industry," said Steve Garrett, senior vice president of sales and marketing for Empagio. "Considering the risk and exposure associated with processing payroll taxes in-house, more and more companies are making the decision to outsource these responsibilities to avoid significant penalties and interest charges assessed by governmental agencies for late filings."

"Payroll tax filing and compliance is an excellent complement to Empagio's existing HR services," said Randy Cooper, CEO of Empagio. "With the addition of Gary Stanaford, Empagio has the experience and expertise in the payroll compliance market to offer a truly world-class solution, backed by our passionate commitment to ensuring the highest levels of quality and customer service."

About Empagio

Empagio provides HR outsourcing services that enable a faster, more predictable transformation of the HR function from mostly tactical to a greater level of strategic execution. While Empagio assumes the tactical administration of HR transactions, it more importantly provides clients the roadmap and platform to develop a more strategic HR function. HR departments are more responsive to the changing needs of their organizations and employees, allowing them to provide better service at an equal or lower cost. And only Empagio provides customers the flexibility to increase the strategic nature of their HR function by implementing individual HR outsourcing components based on readiness and need. At all times, clients receive a highly passionate and responsive service team with a technology platform and self-service solutions that keep them in control. At Empagio, we turn our passion into your performance. One human resource at a time. For more information visit www.empagio.com

Empagio is owned and operated by HALO Technology Holdings, Inc., a holding company for established enterprise software companies.

About HALO Technology Holdings

HALO Technology Holdings, Inc. is a global provider of a diversified range of standards-based enterprise software applications and on-demand solutions. HALO's strategy is to acquire and operate enterprise software companies with a commitment to sustainable growth. HALO portfolio companies focus on customer service, product quality and profitability to build long term customer relationships and ensure customer satisfaction today and into the future. Everyday, thousands of corporations and institutions from across the globe rely on our portfolio companies to deliver high quality, enterprise class software and services. For more information, please see our website at www.haloholdings.com.

The statements in this news release that do not directly relate to historical facts constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to numerous risks and uncertainties, many of which are outside the Company's control. As such, no assurance can be given that the actual events and results will not be materially different than the anticipated results described in the forward-looking statements. Factors could cause actual results to differ materially from such forward-looking statements. For a description of these factors, see the Company's prior filings with the Securities and Exchange Commission, including our most recent filing. Empagio disclaims any intention or obligation to revise any forward-looking statements, whether as a result of new information, future event, or otherwise.

Media Contacts:

Olessia Sibiriakova
Director of Investor and Public Relations
HALO Technology Holdings, Inc.
olessia@haloholdings.com
(203) 422-2950