“We’ve spent several years developing and deploying the leading web-based accounting software platform for retail and franchise businesses,” said Greg Nielsen. “The combination of ProfitKeeper’s patent pending accounting software and Core3’s accounting, payroll, and IT services creates tremendous opportunity for both companies’ employees, clients, and shareholders.”

Outsourcing companies like Core3 historically perform well in recessionary times due to their ability to create efficiencies and lower expenses. Core3 expects to hire as many as 50 people in 2009 through organic growth. The company is currently evaluating additional acquisition opportunities. Financing for the ProfitKeeper acquisition was arranged by Boomerang Capital Partners (www.boomerangcapital.com).

“Core3 and ProfitKeeper are a great marriage and have a combined sales pipeline of over 10,000 potential clients in our already established channels,” stated Gregg Scoresby, Chairman of Core3, Inc. and Founder of Boomerang Capital Partners. “Both companies have demonstrated that they can provide back office and administrative services to their clients for 30% – 50% less than they can do it internally.”

About Core3
Core3 is a professional services company, providing accounting, human resources, and information technology services to small and midsize companies. Core3 uses its outsourcing expertise, process optimization tools and an innovative delivery model to dramatically reduce cost and improve the quality of its clients’ operations.

About ProfitKeeper
ProfitKeeper is the market and technology leader providing financial tools to franchisors, affiliate groups, organizations and its members and franchisees. Its web-based back-office solution gives users a way to simplify accounting chores while providing real-time graphs and reports for tracking and analyzing profitability – tools never-before available to the small business owner.

This is the 9th annual listing of the Arizona’s top businesses by DiversityBusiness.com. Ranging in revenue size from $2 million to over $15 million the companies listed on the Top Business Lists represent the Nation’s top multicultural earners and challenge the long-held notion that a privately held business is small or insignificant. Winners are sought after by major corporations wishing to increase spending with small businesses.

“Entrepreneurs are a growing force in the U.S. economy, and a force to be reckoned with,” said Kenton Clarke, CEO of Computer Consulting Associates International, the company that built DiversityBusiness.com. This is a whole business segment that can carry its own, that provides jobs, products and services, and generates wealth for their communities. These are the new leaders in American business.”

“This is a distinguished accomplishment for Core3,” said Chris Creaney, Core3 President and Chief Operating Officer. “It serves as a testament to the growing importance of business process outsourcing and the continuing good work of our people. We are proud that our comprehensive solutions portfolio is transforming business operations for our world-class clients and puts us among the Arizona’s top businesses.”

The List
This List is a classification that represents the top small businesses in the U.S., in sectors such as technology, manufacturing, food service and professional services. Large organizational buyers throughout the country that do business with multicultural, small and women-owned businesses use the list. The List is produced annually by DiversityBusiness.com, the nation’s leading multicultural B2B Internet portal that links large organizational buyers to multicultural product and service suppliers.

The winning companies will be honored at a special awards ceremony at DiversityBusiness.com’s “9th Annual Multicultural Business Conference”, taking place April 29 – May 1, 2009 at the Disney’s Contemporary Resort in Orlando, Florida.

For the complete list of winning companies, please visit: www.diversitybusiness.com

About DiversityBusiness.com
Launched in 1999, DiversityBusiness, with over 46,000 members, is the largest organization of diversity owned businesses throughout the United States that provide goods and services to Fortune 1000 companies, government agencies, and colleges and universities. DiversityBusiness provides research and data collection services for diversity including the “Top 50 Organizations for Multicultural Business Opportunities”, “Top 500 Diversity Owned Companies in America”, and others. Its research has been recognized and published by Forbes Magazine, Business Week and thousands of other print and internet publications. The site has gained national recognition and has won numerous awards for its content and design. It is a leading provider of Supplier Diversity management tools and has the most widely distributed Diversity magazine in the United States. DiversityBusiness.com is produced by Computer Consulting Associates International Inc. (CCAii.com) of Southport, CT. Founded in 1980.

“Core3 is happy to provide assistance to the financial aid department. Having worked at many campuses I know how important it is to have dedicated, experienced financial aid resources that can focus follow-up efforts and get results”, commented Traci Danek, Director of Higher Education Services at Core3. “This is our full-time job. Our financial aid consultants are experts at completing lender and student follow-up, resolving on average 92% of outstanding funds.”

About Core3
Core3 is a professional services company providing business process outsourcing (BPO) services to small and midsize companies. At Core3 we leverage our outsourcing expertise, process optimization tools and an innovative delivery model to dramatically reduce cost and improve the quality of our clients’ operations. Core3’s Higher Education solutions include student accounts and financial aid services ranging from short tem staff augmentation and consulting projects to long term outsourcing contracts. Core3’s corporate headquarters and shared service center are located in Phoenix, Arizona.