Former Transamerica Executive Named Executive Vice President For API Outsourcing, Inc.

St. Paul, MN, March 2004 – API Outsourcing, Inc., the leading providerof billing and accounts payable financial processes and business transformationoutsourcing services to Fortune 1000 companies, announced that J. Peter Donlon,a former executive at Transamerica Corporation, has joined its top managementteam as Executive Vice President Sales & Marketing. Donlon will serve as a memberof both the Operating Committee and Executive Committee. With over 24 years ofexperience in business process improvement, sales, client development, marketstrategy and outsourcing, Donlon will be responsible for the continued expansionof sales and market share.

“Peter's experience in successfully growing financial processing outsourcingcompanies makes certain that API aggressively meets the emerging business needsof our clients,” said API President and CEO Gary Halleen. “He will bea valuable team member in addressing the business needs of our existing clientbase and in opening of new markets.”

“API is uniquely positioned to be the leader in delivering billing and payable processing outsourcing services,” said Donlon. “I chose to join API because I firmly believe in its exciting market place potential. The business strategy, attention to satisfying client needs and unparalleled technology position the company to be the preeminent player in the billing and accounts payables outsourcing market.”

Donlon has held executive positions including senior vice president Sales & Marketing at Ruesch International (international payment processor); chief operating officer at PrimeStreet Corporation (online finance company); and president of Transamerica's insurance processing outsourcing subsidiary. He holds an MBA with a concentration in Marketing and Finance from Northwestern University's J.L. Kellogg Graduate School of Management and a bachelor's degree in Economics from Union College, New York. Donlon is a past international Fellow for the Thomas J. Watson Foundation.

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