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Sourcetech.com - Saturday, July 05, 2008

 Source Technologies Forms Business Units, Promotes Executive Team

- New units support strategic areas of focus, position company for growth -

CHARLOTTE, N.C., Sept. 14, 2004-Source Technologies, a leading provider of integrated solutions for managing financial transactions and other secure business processes, announced the formation of two business units--Self-Service Solutions and Payment Solutions--to better support the company's areas of strategic emphasis. Source Technologies also announced that Bill Lynch has been promoted to Vice President of Self-Service Solutions and will be responsible for the growth of the company's concourse™ self-service kiosk business. Marilyn Carpenter has been named Vice President of Payment Solutions and will lead the payment software and MICR laser check printer business.

"Our overall strategy is playing out in two directions, as planned," said Miles Busby, president and founder, Source Technologies. "Our core MICR check-printing business is expanding with the rollout of two new disbursement management software applications this year. We continue to make significant investments in our concourse self-service business, and the new leadership of these business units will position us to execute our ambitious plans."

Lynch and Carpenter will provide top level management for their divisions including organization, strategic direction, and product management. In addition, Rodger Morrison becomes Vice President of Channel Sales. In this role, Morrison will develop and implement the company's sales strategy through reseller programs and strategic alliances with IBM, Lexmark, Dell and other partners. Chuck Tillman, previously Account Manager for the Midwest, is promoted to Sales Manager for all direct sales.

About Source Technologies

Founded in 1986, Charlotte, N.C.-based Source Technologies is a leading provider of integrated solutions for managing financial transactions and other secure business processes. In addition to the concourse family of self-service kiosks, Source Technologies offers secure disbursement software solutions and magnetic ink character recognition (MICR) printing solutions and consumables for secure document applications. Customers include nine of the top ten U.S. Banks, plus hundreds of Fortune 1000 and mid-sized companies. Source Technologies has created more than $400 million in economic value for its customers in the last ten years. For more information, visit www.sourcetech.com.

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