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Technology Stocks : BillServ.Com(BLLS) Going for the EBPP Market Small Billers -- Ignore unavailable to you. Want to Upgrade?

To: Paul S. who wrote (509)	8/25/1999 2:08:00 PM
From: Paul S.	Read Replies (1) \| Respond to of 918

Update from Investor Relations Further Information: Gregg Layton Toll Free: 1-888-559-4184 mailto:greggl@pacificcmi.com Stock Symbol: OTC BB: BLLS A Corporate Update From billserv.com Chairman, Michael Long August 24, 1999 It has been some time since we have communicated to you about what is going on at billserv.com. The following update provides a brief overview of the latest activities, which I believe clearly reflects the very strong progress billserv.com continues to make in building our business and creating a significant market presence. On the sales front, we continue to enjoy excellent traction, with nine publicly announced customers that represent over 216,000,000 paper bills per year. These companies represent the very top of their industry segments in financial services, utilities, as well as fuel refining and retailing. Overall, the utilities and financial services segments continue to show very strong growth potential and are clearly leading the way in the EBPP marketplace as innovators and leaders. The most recent announcements have been Sallie Mae, Ultramar Diamond Shamrock, and National Computer Print. Our pipeline remains strong with some significant names and opportunities associated them. Of course, while there is debate about when the consumer adoption rate for EBPP will take off, no one is debating if it will take off. As a result, these 216,000,000 bills serve as a significant proxy for future revenue when the adoption curve begins to move upward. Clearly, a first mover advantage for our company. We continue to open sales offices. We are now in New York City/Upper New Jersey, Pittsburgh, Chapel Hill, Dallas, Los Angeles, and San Antonio. Three weeks ago, we opened up Boston and Philadelphia. Trade Shows and speaking engagements continue to be a priority for us. We have six exhibitor and/or speaking engagements scheduled between now and early November. To date, these types of engagements have proven to be valuable for us. They have either created significant leads or reinforced our viability with prospects. Symposiums continue to be a valuable aspect of our sales strategy. We just concluded one in Los Angeles that was well attended by many of the areas largest billers for LA and San Diego. Seattle is likely to be the next location, with follow-on cities of Dallas, Philadelphia, Boston and New York City. Our partnerships with BlueGill, TransPoint, and CheckFree continue to be strong and valuable. We are continuing to have productive conversations with new entrants in the aggregator space. We are also examining the possibility of establishing new relationships that could have a significant upside associated with them in terms of marketplace opportunities. Regarding our regulatory progress, the company has now become a reporting company with the Securities and Exchange Commission (SEC). Although our registration statement has become effective, we continue to work through the normal SEC comment process and seek final regulatory approval. We are not able to submit a specific timeline for this process, but we will continue to respond in a deliberate and expeditious manner. Once we have cleared all SEC comments, the NASDAQ review process will begin. Similar to the SEC, there is no set timeframe within which we can guarantee approval. Our final decision of whether to file National or Small Cap has not yet been made. We will need to sustain a $75 million market cap in order to file on a National basis. We wish to thank each of you for interest and support in our new company. Michael Long Chairman and CEO