API Achieves Milestone In Managing 200 Million Transactions

St. Paul, MN, June 2004 – API Outsourcing, Inc., a business transformation outsourcing company focusing on billing and accounts payable solutions and process automation for Fortune 1000 clients, announces that the number of client transactions managed has now exceeded 200 million annualized. This significant growth in billing and payable transactions managed by API highlights the extent existing clients are able to capitalize on valuable cost and service improvements in their transaction processing and API's capability to scale quickly and efficiently to handle high volume increases.

“The significant growth in managed transactions further validates API's business model as a leader in the automation of back-office financial processes for our clients and for their customers and suppliers,” said Gary Halleen, President & CEO of API. “Not only do our Fortune 1000 clients see the enhanced efficiencies and cost savings which average 30% - 50%, but their customers and suppliers experience the added value benefit of easier access to billing and payable supporting documentation. This, in turn, results in fewer payment disputes.”

About API Outsourcing, Inc.
API Outsourcing, Inc. (API) is a leading provider of state-of-the-art billing and accounts payable automation solutions for Fortune 1000 firms. Headquartered in St. Paul, MN, outsourcing services are delivered through production facilities located in Two Harbors, MN and Waunakee, WI. API was founded in 1998 to transform clients' manual paper-dependent billing and accounts payable processes into innovative automated processes. The company currently processes over 200 million billing and payable transactions annually using the proprietary solutions of Trillion Automated Billing and Trillion Automated Payables. Clients benefit from the significant increase in process efficiency, profitability and financial control. API is a Six Sigma service provider.

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