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FOR IMMEDIATE RELEASE:

Contact:
Craig Abramson
Online Marketing Manager
(973) 287-1357
cabramson@archivesystems.com
Archive Systems, Inc.
39 Plymouth Street
Fairfield, NJ 07004
(973) 808-2885 - Phone
www.archivesystems.com

Archive Systems Names New Chief Financial Officer
Beth Gaspich Brings over 20 Years of Financial Services and Accounting Management Experience

Fairfield, NJ (May 29, 2008) - Archive Systems, a leading provider of accounts payable automation, today announced the appointment of Beth Gaspich to the position of Chief Financial Officer.

Ms. Gaspich is responsible for the general and administrative functions within the company. "It's an exciting time to be a part of the Archive Systems team," said Ms. Gaspich. "The company continues to take the lead in the accounts payable space with new features such as Straight Through Processing being integrated into ASPEN 360 Accounts Payable Edition. In addition, our records management capabilities continue to expand, providing our customers with cost-effective and reliable services."

Prior to joining Archive Systems, Ms. Gaspich was cofounder and Vice President of Finance at RiskMetrics Group, Inc., a technology based company. She also previously served as Vice President in Internal Audit at JP Morgan, external auditor for Price Waterhouse, and held accounting roles with both Oppenheimer Capital and Dreyfus.

"Beth Gaspich brings with her a strong financial services background and extensive accounting experience that will help our company grow," stated Dave Craig, President of Archive Systems. "We are pleased to have her join us and look forward to her contributions."

About Archive Systems, Inc.
Archive Systems, Inc. flagship solution, ASPEN 360 Accounts Payable Edition, combines best practices AP Automation with ZeroTouch AP imaging and workflow. The product increases efficiencies and reduces costs with features such as straight through processing, which uses automated three-way matching to auto match invoices to PO and receipt line items without AP processor intervention. It includes the ASPEN 360 Invoice Virtualization Center, which removes from the client all tasks associated with document imaging, data capture, document classification, indexing, and OCR. The company also provides physical records management services such as business records storage, document shredding, and offsite data storage, through a number of Record Center locations. For more information, please visit www.archivesystems.com.

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