Wednesday November 10, 8:33 am Eastern Time
Company Press Release
billserv.com Selected by InformationWeek Magazine as One of Eight Innovative Companies Poised to Be Among the Next Internet Success Stories
InformationWeek Indicates billserv.com Has the Opportunity to Become the Billing Clearinghouse on the Internet
SAN ANTONIO--(BUSINESS WIRE)--Nov. 10, 1999-- In the Electronic Bill Presentment and Payment (EBPP) market where it becomes increasingly challenging to stand out above a growing number of competitors, billserv.com inc. (BLLS) has been named by InformationWeek magazine as an innovative Internet company poised to become one of the next Internet success stories.
In a Nov. 8, 1999 article titled ''Future Web: Innovative Startups,'' InformationWeek profiled eight Internet companies, including billserv.com, with the expectation that these companies will have the best chance to make a mark on the Web economy.
According to the InformationWeek article, billserv.com is among the new group of Internet companies that stands a good chance of evolving from a virtually unknown name into a company that others will be doing business with in the next few years. The InformationWeek profile also notes that billserv.com has the opportunity to become the ''billing clearinghouse on the Internet.''
As an electronic bill present and payment service bureau, billserv.com provides billers with a turnkey, outsourced solution that enables companies to quickly and cost-effectively participate and benefit from electronic billing.
billserv.com makes it possible for billers to outsource their entire EBPP services, and rely on billserv.com to manage systems, relationships and the delivery of information to the many Internet ''front-ends'' that consumers may choose to view and pay bills.
billserv.com currently has formal relationships with all major EBPP consolidators and other key electronic billing vendors, including CheckFree Corporation, TransPoint, CyberCash Inc., Bank of America, NETdelivery Corporation and BlueGill Technologies.
''Being singled out by InformationWeek further validates our business model of providing a turnkey EBPP solution for middle-market billers,'' said Michael Long, chairman and CEO of billserv.com. ''It's a significant milestone and recognition of our growth and leadership position to be selected by such a premier publication as InformationWeek.''
To view the complete InformationWeek article, please visit informationweek.com.
About billserv.com
billserv.com, Inc. (BLLS) is an electronic bill presentment and payment service bureau that provides middle-market 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 aggregators by consolidating customer billing information from multiple billers, and then securely delivering it to aggregators.
billserv.com has four product offerings: (eServ(SM)), Internet billing clearinghouse services for EBPP; (ePublishing(SM)), electronic publishing services for online statement delivery; (eCare(SM)), an interactive customer care center operation; and (eConsulting(SM)), professional consulting services for billing organizations offering in-house bill presentment.
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 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)
Jeff Davis or Kevin Manniko, 415/837-3939
jdavis@daviscomm.com
kmanniko@daviscomm.com
or
billserv.com inc. Investor Relations
888/559-4184
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