BancTec Announces Update to Timing of Proposed IPO

DALLAS, February 3 - BancTec, Inc. (www.banctec.com/), a global provider of advanced,
high volume document and payment processing solutions and services, today
announced that it plans to file the next amendment to its registration
statement with the U.S. Securities and Exchange Commission for the previously
announced proposed initial public offering of up to US$50 million of its
common stock in March, 2010, subject to market conditions. The filing will
include its audited year-end financial results.

A registration statement relating to BancTec's common stock has been
filed with the Securities and Exchange Commission but has not yet become
effective. BancTec's common stock may not be sold nor may offers to buy be
accepted prior to the time the registration statement becomes effective
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

We provide payment processing and document and content processing
services and solutions, helping our clients automate their businesses and
optimize their management of information. We offer our clients business
process outsourcing ("BPO") services and in-house business solutions,
including software and hardware products and professional services and
maintenance. Our offerings are built around proprietary technology and
industry knowledge that we have developed during three decades of working
closely with our clients. We serve over 1,600 clients with operations in 55
countries and compete in industries including banking, insurance, government,
healthcare, utilities, telecommunications and transportation and logistics.

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.

Mike Meador of BancTec, Inc., +1-972-821-4000, mike.meador at banctec.com