Time Recorder calculates payroll or job costs.

Press Release Summary:



Model 7000E calculates worked time between punches and prints accumulated totals directly on time card for up to 50 active employees or jobs. It also calculates actual or rounded time, and supports automatic break deduction. Unit prints in AM/PM, 24 hr, or 1/100th of an hour, and adjusts for short months, leap year, and daylight savings. Internal lithium battery maintains time, card totals, and program settings for up to 5 years without power.



Original Press Release:


Lathem Introduces New Low-Cost Calculating Time Clock for Payroll or Job Costing


Model 7000E: More Automation without the Hassles of PC-Based Systems

ATLANTA, Ga. - July 1, 2003 - - Lathem Time Corporation introduces its new 7000E time recorder, designed for businesses that want a solution with more automation than current mechanical time clocks without the requirement of a PC.

The model 7000E automatically calculates worked time between punches and prints accumulated totals directly on the time card for up to 50 active employees or jobs. It works with all pay periods, or it can be set to job mode for accurate costing information. It also calculates actual or rounded time, and supports an automatic break deduction from daily totals. Other features include automatic print alignment and auto-sensing of the front and back of the time card, eliminating operator mistakes and reducing time required to punch in and out.

The model 7000E prints time in AM/PM, 24 HR or 1/100th of an hour and automatically adjusts for short months, leap year and daylight savings. An internal lithium battery maintains the time, card totals, and program settings for up to five years without power. An optional rechargeable battery keeps unit fully operational for up to 24 hours in case of power failure.

"The 7000E is a real time saver for small businesses that currently spend between 3 and 5 minutes adding up each employee's time card every pay period," said Lance Whipple, Lathem Time's director of marketing. "It's also ideal for small manufacturers or job shops that need accurate production time accounting."

About Lathem Time Corporation

Headquartered in Atlanta, Ga., Lathem Time is one of the world's leading designers and manufacturers of time and attendance products for small business. The company specializes in mechanical and automated employee time and attendance tracking systems, including the No.1 selling automated system for small business, PayClock EZ, which now integrates with Intuit's
QuickBooks Pro and Premier 2002. Other products include time clocks, data collection terminals, software and synchronized wall clocks.

Founded in 1919 by George Lathem and his son Louie Lathem, Sr., Lathem Time remains a family-owned and operated company with 175 employees. Over 300,000 companies worldwideuse a Lathem timekeeping product for managing their business. More information can be found at www.lathem.com.

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