SOURCE: Synapses

December 05, 2007 08:00 ET

Synapses Opens Production Facility to Meet Growing Customer Orders for 401(k) Education Materials

New Facility Ramps Synapses Production Capabilities to More Than 1 Million 401(k) Education Report Pieces Annually

CHARLOTTE, NC--(Marketwire - December 5, 2007) - Synapses Inc., a leading provider of personalized 401(k) education, products and services, today announced the opening of a production facility in Matthews, N.C. to match the company's fast-growing 401(k) education materials services.

Located in downtown Matthews, N.C., the new facility provides more than 3,000 square feet of dedicated production space for printing and materials fulfillment. The facility, located less than a quarter of a mile from Synapses' corporate office, has opened in direct response to the Company's significant growth throughout 2007.

Synapses has launched several new 401(k) and retirement income education materials used by some of the country's largest financial services firms and financial advisors, as well as 401(k) sponsors and participants. Among the products to be produced at the new location include Synapses' standard targeted education pieces, participant quarterly statements, investment mix reports, and sponsor- and participant-level specialized reports. Synapses is also set to expand its offerings to include enrollment kits and other specialized statements.

"Synapses is pleased to announce the opening of a new production facility that illustrates our continued expansion within the 401(k) education market," said Jim Saunders, President of Synapses. "With the new facility, we gain enhanced security, efficiency and redundancy that is vital to fulfill customer orders for large-scale projects that surround sensitive financial data. This is an important company milestone during our fast-paced growth."

With more than 10 years of experience in perfecting its Retirement Income Reports, Synapses has gained significant momentum over the last 18 months, with several new clients being added in the latter half of 2007. Continued growth is foreseen in volume from existing clients as well as new client demand due to the emerging need for state-of-the-art participant education at a compelling price point.

About Synapses

Synapses Inc. is a leading innovator in personalized 401(k) education, products and services. Providing comprehensive process analysis, custom software design and implementation, as well as personalized education product development and delivery, Synapses has produced hundreds of thousands of individual personalized 401(k) education reports. By offering 401(k) providers, sponsors and financial advisors customized products, Synapses uses a proprietary product delivery infrastructure to provide astoundingly effective education that offers unique scalability to meet the demands of the retirement services market. Founded in 2005, Synapses is headquartered in Charlotte, North Carolina. For more information, please call 704-321-4747 or visit the Synapses Web site at

©2007 Synapses Inc. All rights reserved.

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