BancTec s Business Process Outsourcing BPO Practice Expands as New Contract Is Signed With Large Insurance Provider

BancTec, a global provider of advanced, high volume document and payment processing services and solutions, announced today that it has signed a contract to provide BPO services for a large insurance provider. The 10-year agreement will result in BancTec's adding a new U.S. operating center that will specialize in complex revenue cycle management processing activities, including mail room automation, enterprise imaging, payment processing, customer interaction and exceptions processing.

"This agreement significantly adds to the world-class BPO practice that BancTec is building," said J. Coley Clark, chairman and chief executive officer for BancTec. "Working in collaboration with our client, we will help generate cost savings, year-over-year improvements in productivity and growth, and an improved processing capability. We look forward to furthering our portfolio as a global provider in complex revenue cycle management."

Under the terms of the agreement, BancTec will assume responsibility for the customer's processing operations and retool with its own new technology, best practice knowledge and capital. BancTec will re-engineer and manage the facility, generating reduced operating costs, scalable volume management, continuous improvement and operational best practice.

"BancTec is continually innovating, expanding and growing its BPO practice," continued Clark. "This agreement provides a new processing center for us, one of 8 in the U.S. and 11 in Europe, and as such, enhances our growth opportunities in the United States. We fully expect this facility to become another national showcase for BancTec's complete revenue cycle management capability."

About BancTec

BancTec helps clients around the world simplify the process of managing their information. Founded in 1972, the company provides a wide range of solutions for automating complex, high-volume and data-intensive business processes for clients in the financial services, healthcare, manufacturing, government, services and utilities industries. BancTec's offerings include business solutions, business process outsourcing, and infrastructure services. With headquarters in Dallas, BancTec serves clients in 50 countries. For more information on how BancTec can help you optimize information management, visit www.banctec.com or call 1-800-BANCTEC.

Forward-Looking Statements

All statements in this press release that do not directly and exclusively relate to historical facts are "forward-looking statements" describing BancTec's objectives, targets, plans, strategies, costs, anticipated capital expenditures and expected cost savings. These statements represent BancTec's intentions, plans, expectations and beliefs, and are subject to risks, uncertainties and other factors, many of which are outside the Company's control. These factors could cause actual results to differ materially from such forward-looking statements. For a written description of these factors, see the section titled "Risk Factors" in the Company's Registration Statement on Form S-1, as amended, initially filed with the Securities and Exchange Commission on August 8, 2007. The Company disclaims any intention or obligation to update these forward-looking statements whether as a result of subsequent events or otherwise except as required by law.

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BancTec s Business Process Outsourcing BPO Practice Expands as New Contract Is Signed With Large Insurance Provider