BancTec Announces Plans for an Initial Public Offering

DALLAS -

BancTec, Inc., a global provider of advanced, high-volume, document and payment processing services and solutions, today announced that it plans to file a registration statement with the U.S. Securities and Exchange Commission for a proposed initial public offering of up to US$50 million of its common stock, subject to market conditions. BancTec expects the proceeds of the offering will be used for general corporate purposes including pursuing strategic growth opportunities.

This sale of common stock has not been registered under the Securities Act of 1933, as amended, and such stock may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This release does not constitute an offer to sell or the solicitation of an offer to buy any shares of common stock, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.

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.

Source: BancTec, Inc.

Michael Meador, Vice President of Investor Relations of BancTec, Inc., +1-972-821-4000, Michael.Meador at banctec.com