Source Technologies Introduces High-volume Check Printing Solution

CHARLOTTE N.C., May 2, 2005 -Source Technologies, a leading provider of integrated solutions for managing financial transactions and other secure business processes, has partnered with Levi, Ray and Shoup, Inc. (LRS), a privately held global ITleader. The two companies joined forces to provide secure end-to-end specialized MICR printing solutions.

Customers with AFP/Xerox print streams can now take full advantage of distributed printing of checks and other negotiable documents. LRS’ solutions enable conversion to Postscript, PCL, or other Page Description Languages (PDLs), and then deliver output to Source Technologies’ MICR-enabled printers. LRS Secure solutions work with Source Technologies’ secure MICR laser printers and check printing software to protect distributed or centralized printing of checks and Image Replacement Documents (IRDs), applying end-to-end encryption that meets AES guidelines and Federal Government standards.

The relationship brings together unique new offerings that provide enhanced output management and security for specialized applications like distributed check printing,” said John Runions, Global Business Alliances manager for LRS. “We look forward to using the additional offerings from Source Technologies, and anticipate great success with the extended client base we now have.

Remote ASP customers (especially in financial and health industries) have additional output management requirements, which can include forms design and management. Source Technologies’ software solutions incorporate easy-to-use tools for forms design and management, especially for checks and IRDs.

“This partnership will yield a broader, more robust suite of products for specialized MICR-printer users,” said Miles Busby, president of Source Technologies. “We look forward to a long and successful relationship with LRS.

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 its family of magnetic ink character recognition (MICR) printers and consumables, Source Technologies offers secure disbursement software and the groundbreaking concourse™ family of branch automation and self-service solutions. 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.

About LRS
LRS is a privately held company whose corporate headquarters are located in Springfield, Illinois. Remote offices are located throughout the United States and in key geographic regions around the world. Ninety five percent of the Fortune 100 and a majority of the Fortune 500 companies rely on industry-leading LRS solutions, with products in use in over 30 countries. Gartner and other analyst groups recognize LRS as a global IT leader. Software Magazine consistently ranks LRS as one of the top 200 software companies in the world. For more information about LRS, visit www.sourcetech.com.