Wednesday March 10, 5:04 am Eastern Time
Company Press Release
Internet Stock News Announces Investment Opinion on billserv.com Inc.
ISN Features eBilling Company billserv.com Inc.
SAN DIEGO--(BUSINESS WIRE)--March 10, 1999--Internet Stock News (ISN) announced today an investment opinion to notify analysts, brokers, market makers, institutional and retail investors, as well as media representatives that it has featured billserv.com Inc. (OTCBB:BLLS - news) in its online media publication.
billserv.com Inc. recently announced that it had signed a service bureau processor agreement with CheckFree, the leading provider of financial electronic commerce processing for electronic bill presentment and payment (EBPP) services.
Internet Stock News is extremely selective of the companies it features and has chosen billserv.com Inc. because of its unique position in the emerging market for electronic bill presentment and payment (EBPP). The Internet Stock News profile of billserv.com Inc. can be found below and on the ISN Web site at internetstocknews.com
billserv.com Inc. (http://www.billserv.com ) is a pioneer in the electronic bill presentment and payment (EBPP) industry. The company's products and services allow companies to bill their customers for products and services directly via the World Wide Web.
At present it is estimated that over 100 million U.S. households receive an average of 15 bills per month and pay 5% of their bills electronically. As the number of U.S. households Online soars from just above 18 million today to over 40 million by the year 2001, businesses are quickly realizing that delivering bills to their customers via the Internet is far cheaper and easier than delivering bills via the traditional postal service.
As consumers are expected to view/pay more than 1 billion bills on the Internet by the year 2001, it is billserv.com's strategy to assist companies in increasing the percentage of bills presented and paid online from 5% to 35% within the next five years.
Benefits of billserv.com's Services:
billserv.com Inc. targets small and medium size billers that send billing statements out on a recurring basis. These include utilities, cable and telecommunications, credit card, and financial service companies. billserv.com is able to outsource these companies' entire need for EBPP solutions.
billserv.com estimates that the cost of publishing a billing statement and receiving payment can be decreased by $.30 to $.85 per bill totaling $24 to $60 million per year for a corporation delivering 500,000 bills per month.
In addition, billserv.com allows companies to market to their customers other products and services through their online EBPP system and allows for value added services such as statement and payment archives.
billserv.com's Approach:
Giving consumers the ability to access and pay statements and bills anywhere and at any time, billserv.com Inc. has four main products and services. The company's core product, eServ, provides billers with a sole solution for developing and maintaining comprehensive electronic payment and EBPP capabilities. eConsulting is targeted towards large volume billing companies interested in building their own in-house eBilling Systems.
The company's third revenue generator, ePublishing, facilitates business-to-business distribution of paper based statements such as those produced by investment or fund managers. Lastly, eCare is the company's Internet-based Customer Interaction Center.
billserv.com History:
Raising over $4 million in recent funding, billserv.com Inc. was founded by a management group with more than 40 years experience of developing, implementing, and managing conventional billing systems and support and their conversion to eBilling. The company states that they are one of only a few providers offering electronic bill presentment and payment and the only company to offer turn-key solutions for all aspects of eBilling.
billserv.com Inc. has been featured by Internet Stock News (http://www.internetstocknews.com), one of the Web's most popular free online publications for Internet Stock investors. Internet Stock News has featured other Internet companies including America Online (Nasdaq: AOL - news), Ameritrade (Nasdaq:AMTD - news), At Home (Nasdaq:ATHM - news), CMGI (Nasdaq: CMGI - news), Data Broadcasting (Nasdaq:DBCC - news), DoubleClick (Nasdaq:DCLK - news), Ebay (Nasdaq:EBAY - news), Excite! (Nasdaq:XCIT - news), E Trade (Nasdaq:EGRP - news), JB Oxford (Nasdaq:JBOH - news), Marketwatch.com (Nasdaq:MKTW - news), Mindspring (Nasdaq:MSPG - news), National Discount Brokers (Nasdaq:NDB - news), Onsale (Nasdaq:ONSL - news), Real Networks (Nasdaq:RNWK - news), Schwab (NYSE:SCH - news), and Siebert Financial (Nasdaq:SIEB - news) in its online publication and is proud to announce that its ''Ones to Watch in 1999!'' group of Internet companies are up 71.31% since Jan. 1, 1999.
Internet Stock News is published by IP Equity Inc., an Internet-targeted investor communications firm. IP Equity Inc. has been compensated with cash and stock of billserv.com Inc. totaling less than $304,000 at the time of engagement for investor communications services.
Please read the disclaimer at internetstocknews.com for information regarding the relationship between billserv.com Inc. and Internet Stock News.
Contact:
IP Equity Investor Communications
Dan Mutters, 800/997-3323
info@ipequity.com
or
billserv.com Inc.
Robert Smith, 888/559-4184
ir@billserv.com
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