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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 Launches Archive Scan-on-Demand
Imaging Solution Provides Backfile Conversion with No Upfront Costs

Fairfield, NJ, (December 26, 2002) - Archive Systems, Inc., (ASI), a leading provider of innovative web-based hosted imaging and document storage and retrieval solutions, announced today the launching of its Archive Scan-on-Demand services. "We have positioned our Scan-on-Demand services to strategically resolve multiple document-related issues facing corporations today" claims Rick Kushel, President and CEO of Archive Systems. "Conventional wisdom dictated that in order to fully reap the benefits of a document imaging system, you needed to perform some degree of a backfile conversion. Through our Scan-on-Demand solution we enable our customers to gain all the benefits of a backfile conversion without having to incur the upfront costs."

Archive Systems can provide this "virtual" backfile conversion through its unique combination of document services, namely its Archive Track Record (which provides for hardcopy storage and related services) and its Archive DocuLogic (its technology solution that provides hosted, Web-based document imaging solutions including document scanning). "Our clients can relocate highly active documents, which previously needed to be stored in filing cabinets, to one of our Record Centers where they are retrievable in as little as 15 minutes" says Kushel. "Imagine deploying a Web-based imaging solution corporate wide, servicing a global office environment, in a matter of days, and doing so for roughly the price of one high-speed scanner."

"Companies searching for a single vendor solution have finally found a home" states Hank Boggio, Director of Sales at Archive Systems. "In the past, companies with disparate geographic locations relied on finding a vendor with similar locations. In this scenario, the customer is still left dealing with multiple management and support teams with no consistency across locations other then the name on the vendor's invoice each month."

In the Scan-on-Demand model, corporations have the ability to centralize their file storage collection with Archive Systems, regardless of the geographic location. Customers using the Archive Scan-on-Demand service send boxes of files out and retrieve their requests in image format through a standard Web browser. There is nothing for the client to install or maintain. Files are never "checked out", misplaced or in transit. Once documents are received at Archive Systems, they are electronically logged into a sophisticated Records Management database and available for immediate access.

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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