BancTec Signs Distribution Agreement with eDoc Solutions Corporation

LONDON -

- Relationship extends BancTec’s reach into Saudi Arabia and other Gulf Cooperation Council (GCC) countries

BancTec, Inc., a global provider of advanced, high-volume, document, content and payment processing solutions and services, has signed a distribution agreement with Dubai-based eDoc Solutions Corporation to sell BancTec solutions in Saudi Arabia and other GCC countries. The agreement covers the distribution of BancTec’s highly acclaimed IntelliScan(R) and E-Series high-speed document scanning and sorting transports and software solutions.

“eDoc Solutions is a highly respected and well established business throughout Saudi Arabia and other GCC countries, and through their extensive partner network of systems integrators, solution providers and document management specialist resellers, they are the ideal company to help us establish an immediate presence in the region,” said Darren Riley, sales manager, EMEA Emerging Markets, BancTec. “eDoc Solutions’ strong reputation as a provider of document management and scanning solutions, combined with our enterprise-scale product line, will create a winning combination for the region’s largest organizations. We look forward to partnering with eDoc Solutions to extend the range of solutions it provides and expanding BancTec’s participation in the region.”

“BancTec is a well-known vendor of solutions that help organizations improve the efficiency and cost-effectiveness of their document, content and payment processing operations,” said Mohamed Kunna, managing director, eDoc Solutions. “BancTec’s enterprise-scale solution expertise and our market coverage will serve customers well in the region.”

eDoc Solutions and their resellers are positioned to fulfill a growing need for technology solutions in the region as they have access to an extensive customer base of government administrative bodies and other large-scale organizations including ministries, banks, insurance companies, oil and gas, major manufacturers and universities.

About eDoc Solutions:

eDoc-Solutions is a global consulting and professional services company with special emphasis on delivering and implementing Enterprise Content Management (ECM) solutions, making us the only consulting firm specialized in ECM services and solutions in the ME region. For more than 10 years, our experts have brought quality solutions to customers worldwide. By leveraging our deep industry knowledge and leading technology, we deliver services that turn our customer’s investment into a complete business solution, bringing tangible returns of investment and benefits across the enterprise.

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 both business solutions and business process outsourcing. 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.co.uk or call +44-(0)1753-778888.

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

James Silcock of BancTec Ltd., +44-(0)1753-778813, james.silcock at banctec.co.uk