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Empagio Offers Webcast Highlighting Outsourcing as a Strategic Tool for Strategic Risk Reduction in Payroll Tax Compliance

ATLANTA –January 16, 2007 - Empagio, Inc., a leading provider of human resources outsourcing (HRO) services and a unit of HALO Technology Holdings (OTCBB:  HALO), today announced it will offer an educational Webcast designed to help companies understand how outsourcing can be used as a strategic tool to reduce risks associated with payroll tax compliance. The Webcast, broadcast at 1 p.m. EST on Tuesday, February 6, will examine the risks of payroll non-compliance, evaluate the pros and cons of the three most common methods of filing payroll taxes, and discuss how companies can use outsourcing as a strategic tool to dramatically reduce payroll tax filing compliance risks. Key findings from Empagio’s 2006 Executive Survey on Payroll and Payroll Tax Filing will also be discussed. For more information about this Webcast, visit www.empagio.com/webinar.

Carna Blau, Empagio’s manager of Payroll Tax Operations, will host the one-hour Webcast. Blau has more than 11 years experience in payroll and payroll tax operations, and is a Certified Payroll Professional (CPP) and a certified trainer for the CPP certification program. Trained in several leading customer service methodologies, Blau is a certified trainer in the Achieving Stellar Service® system, and has more than 10 years experience practicing customer-first service.

Presenting with Blau will be Jerri Langer, founding Government Relations Chair for the National Association of Tax Reporting and Payroll Management (NATRPM) and currently serving on the NATRPM Board.  Langer is a past member of the IRS Commissioner's Information Reporting Program Advisory Committee (IRPAC) and served IRPAC as its Subcommittee Chair on Legislation and Regulatory Matters.  She served ProBusiness Services Inc. as their chief tax compliance officer and prior to that was a Director in Deloitte & Touche,

“Our 2006 Executive Survey on Payroll and Payroll Tax Filing uncovered strong evidence pointing to outsourcing’s ability to lower both the incidence and the financial impact of payroll tax compliance penalties,” said Randy Cooper, Empagio CEO. “This is mission critical information for payroll executives dealing with the burden of Sarbanes-Oxley and ever-shifting federal, state and local regulations.”

Content of the Webcast should be of particular interest to VPs of Finance, CFOs, Payroll Directors, Payroll Managers, VPs of Human Resources and Human Resource Managers. During the Webcast, Blau and Langer will help participants answer and understand the following concepts:

  1. Why compliance risk is a top concern of executives today
  2. The risks and penalties of payroll tax non-compliance, including IRS penalties, interest and prosecution
  3. A review of the three main payroll tax options in the market today and their associated risk profiles
  4. How payroll tax outsourcing can be used to reduce compliance risk
  5. Tips on selecting a payroll tax outsourcing partner

About Empagio, Inc.

Atlanta-based Empagio provides human resources outsourcing (HRO) services to enable a faster transformation of human resources (HR) from mostly tactical to a greater level of strategic execution. Empagio focuses on companies in all industries, from financial services, manufacturing and transportation, to retail and the public sector. The company’s solutions range from an on-demand HR management platform to the full spectrum of HRO, including HR, benefits, payroll administration and human capital management, as well as stand-alone services such as payroll tax filing. Empagio provides full administrative processing and customer support via U.S.-based service centers. Owned and operated by HALO Technology Holdings, Inc. (OTCBB: HALO), visit www.empagio.com for more information.

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.

© 2007 Empagio, Inc., a subsidiary of HALO