Source Technologies Marks 20 Years of Financial Technology Innovations

- Success built on MICR printers, payment solutions, self-service kiosks-

CHARLOTTE, N.C., Feb 02, 2006- Source Technologies, a leading provider of integrated solutions for managing financial transactions and other secure business processes, marks the establishment of the company 20 years ago in Charlotte, North Carolina. President and founder Miles Busby began Source Technologies in 1986 to offer innovative check printing automation and today the company is a global leader in on-demand check printing software and secure MICR laser printers. In 2003, Source Technologies was first to market with an assisted self-service banking kiosk, which has been deployed or piloted at more than 30 banking locations for several Top 10 banks across the country.

“Over the years Source Technologies products have become an industry standard in automating secure business processes in banks,” said Miles Busby, president of Source Technologies. “Tellers and bank employees associate Source Technologies with reliable printers and software which not only speed branch banking transactions, but makes them more secure. We are leveraging our reputation as an innovator by leading the shift to assisted self-service banking kiosks in the retail banking industry.”

Source Technologies ranked in the American Banker FinTech 100 listing in 2005 and the company’s concourse™ BillPay kiosk was named “Best Financial Kiosk” and won “The Reader’s Choice” award at the Self Service and Kiosk Show.; Other awards and recognition over the years include Inc. Magazine’s Top 500 Fastest Growing companies for three consecutive years, Ernst & Young’s Entrepreneur of the Year Award, VAR Business 500, Grant Thornton’s North Carolina 100, Charlotte Business Journal’s Fast 50 for eight years, Triangle Business Journal Technology’s Fast 50 and Charlotte’s Chamber of Commerce Blue Diamond Award.

“As demonstrated by our introduction of our concourse family of applications - Teller, BillPay, Check Cashing and CreditApp, Source Technologies is committed to pioneering new solutions to enable financial transactions,” added Busby. “Addressing customer needs through speed and innovation is our focus as we create and introduce new customer-facing technology for retail and banking institutions.”

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.