Wednesday July 7, 8:32 am Eastern Time
Company Press Release
billserv.com, Inc. and UDP, Inc. Sign Three-Year Exclusive Agreement to Provide Electronic Billing to UDP Customers
Agreement Marks billserv.com's Entry Into Telecommunications Billing
SAN ANTONIO--(BUSINESS WIRE)--July 7, 1999-- billserv.com (OTC BB: BLLS), a leading electronic bill presentment and payment (EBPP) service bureau, today announced it has signed an exclusive agreement with UDP, Inc. that will enable UDP to offer electronic billing services to its customer base. UDP is a San Antonio-based data processing company that serves the needs of telephone companies, utility companies and long distance providers through a suite of services.
In addition to end user customer billing, UDP offers an array of billing solutions that include business to business billing for telephone company to telephone company (interconnection billing) and telephone company to long distance providers (carrier access billing). The new EBPP billing system will enable UDP to offer higher levels of customer service through Internet technology.
Under the agreement, billserv.com will be the exclusive provider of EBPP services to UDP. billserv.com will begin processing UDP's billing data following a brief implementation phase, scheduled to begin shortly. billserv.com's EBPP system will enable UDP to process and present customer bills and payments through any bill consolidator Website or Internet portal that partners with billserv.com.
''Competition in the telecommunications industry is at an all-time high, and electronic billing is an essential value-added service that will benefit our customer base,'' said Claud Gilmer, president of UDP, Inc. ''We chose billserv.com as our exclusive electronic billing provider because it has solid technology and a methodology that provides the benefits our customers are looking for.''
''billserv.com's agreement with UDP is a strategic move for us as it represents billserv.com's entry into the telecommunication industry - a market that has a lot to gain from EBPP based on the number of paper bills that are processed each month and the cost associated with those bills,'' said Michael Long, chairman and CEO of billserv.com. ''billserv.com is excited to be working with UDP, enabling it to provide its customers with the convenience of paperless, electronic billing, which will complement UDP's existing suite of services.''
About UDP, Inc.
UDP was founded in 1964 to meet the emerging technical requirements of billing for Independent Telephone Companies. The changes precipitated by the AT&T divestiture in 1984, and the Telecommunications Act in 1996, created new challenges and opportunities for UDP. Today UDP provides billing and message processing services nationally for Independent Local Telephone Companies, Competitive Local Telephone Companies, Long Distance Providers, Wireless Providers, Internet Providers, Cable TV and Utility Companies. In addition to billing services UDP provides three large message processing platforms. Through these platforms messages are aggregated and disseminated to over 1,200 Companies, geographically dispersed from Puerto Rico to the Arctic Circle.
For more information about UDP and other enhanced service offerings, visit www.udpinc.com or call 210/828-6171.
About billserv.com
billserv.com, Inc. (OTC BB: BLLS) is an electronic bill presentment and payment service bureau that provides small- to medium-sized billers with a turnkey outsourcing solution for presenting bills to consumers for payment on the Internet. billserv.com serves an intermediary role between billers and bill consolidators by aggregating customer billing information from multiple billers, and then securely delivering it to consolidators. billserv.com has four product offerings: Internet billing clearinghouse services (eServ(SM)), ePublishing(SM), customer care services (eCare(SM)) and professional consulting services (eConsulting(SM)). billserv.com also owns and develops bills.com, the first EBPP Internet portal where consumers can pay all their bills electronically. For additional information, visit www.billserv.com or call 210/402-5000.
Certain statements contained herein are ''forward-looking'' statements (as such term is defined in the Private Securities Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.
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Contact:
Davis.Comm Inc. (for billserv.com)
Media Contacts:
Jeff Davis or Kevin Manniko, 415/837-3939
jdavis@daviscomm.com
kmanniko@daviscomm.com
Investor Relations, 888/559-4184
or
UDP Inc.
Robert H. Dow, 210/828-6171
dow@udpinc.com
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