Dalrada Financial Corp. Acquires NJ-based Administrative Services Company

SAN DIEGO, July 15 /PRNewswire-FirstCall/ -- Dalrada Financial Corp. (Pink Sheets: DFCO) has acquired HR Connect Payroll LLC, an Administrative Services company in New Jersey.

Brian Bonar, CEO of Dalrada, said that the company provides administrative services as they relate to an employer's responsibilities regarding its employees. "HR Connect Payroll has an advantage in that 99 percent of the 11.5 million businesses in the U.S. have fewer than 100 employees and therefore fall into our primary target audience. Only 15 to 20 percent of this target audience has already outsourced their payroll administration, leaving plenty of room for us to grow."

"ASO services can best be described as a truly outsourced Payroll and HR department for businesses," Bonar said. "It utilizes the client's company's tax id numbers. The ASO manages all employment aspects: Payroll Services, Forms, Risk and Safety, Compliance, Pension Administration, Benefit Auditing and Payment Remittance, Workers' Compensation Reporting, Payment and audits.

About Dalrada Financial Corporation

Dalrada Financial provides services PEO businesses. Dalrada offers a wide selection of employee and employer benefits and aftermarket products. The company acts as a Marketing Liaison, supplying to its clients a broad variety of employee programs that increase business efficiency. These include employee benefits, risk management insurance (including workers compensation and business liability), financial management and the promotional and business management services.

Safe Harbor:

Statements in this press release may constitute forward-looking statements and are subject to numerous risks and uncertainties, including the failure to complete successfully the development of new or enhanced products, the Company's future capital needs, the lack of market demand for any new or enhanced products the Company may develop, any actions by the Company's partners that may be adverse to the Company, the success of competitive products, other economic factors affecting the Company and its markets, seasonal changes, and other risks detailed from time to time in the Company's filings with the U.S. Securities and Exchange Commission. The actual results may differ materially from those contained in this press release. The Company disclaims any obligation to update any statements in this press release.

SOURCE Dalrada Financial Corporation