Source Technologies 2005 Revenue Up 27%

- New customers, products and partnerships drive financial technology innovator’s growth-

CHARLOTTE, N.C.,Feb 06,2006- Source Technologies, a leading provider of integrated solutions for managing financial transactions and other secure business processes, announced 2005 results which included adding more than 100 new customers; introducing eight products spanning both its payment solutions and self-service business divisions, and establishing industry partnerships with CheckFree, Alogent, and LRS, among others. Driven by these combined accomplishments, Source Technologies increased annual revenues by 27%.

In 2005, the company continued to strengthen its presence in banking and government, while making significant inroads in insurance and telecommunications. New customers included such companies as AAA, Cellular South, Liberty Mutual, New York Life, and Zion’s Bank.

“We are encouraged by the continued growth of our core payments business as well as the rapid uptake of our transactional kiosks and software”, said Source Technologies’ president Miles Busby. “It is gratifying that our customers see our value not only as a technology innovator, but as an organization that can deliver and support complex, large scale solutions.”

Source Technologies’ Payment Solutions division introduced three new MICR printers ranging from the ST9510 27ppm personal MICR printer to the ST9575 75ppm light-production MICR printers, plus 25ppm and 40ppm secure multifunction MICR printers (MFP). The firm’s Self-Service division introduced its concourse™ Teller Monitoring Station, the 3 Series modular kiosk, and concourse CreditApp, a credit enrollment software application for its kiosk solutions. The company also opened an Atlanta, GA, software development office, increasing its investment in and commitment to developing check printing and self service software applications.

In addition to its business performance benchmarks, Source Technologies was added to the FinTech 100, an international annual listing of the top vertical technology vendors serving the financial services industry, and received both the 2005 Kiosk Award for Best Financial Kiosk and the 2005 Kiosk Magazine Readers Choice Award for its concourse BillPay Kiosk.

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.