Accesspoint Continues on Strong Growth Pace.

Business Editors

IRVINE, Calif.--(BUSINESS WIRE)--Sept. 4, 2001

Accesspoint Corp. (OTCBB:ASAP) saw August as another strong growth month for the company in which transaction volumes and revenues have come in at a 26% growth rate over those of July.

This marks the eighth consecutive month of double-digit growth for the company. Accesspoint has taken great strides in 2001, transforming the company into a financial services powerhouse from its humble beginnings solely as an application service provider. The company's focus on the development of core technology and automation has helped to fuel corporate growth without materially impacting the costs of increasing the customer and transaction load. The company is quickly approaching cash flow profitability and is shaping its future as a major player in the fast growing electronic transaction processing industry.

An industry report by Nilson recently reported merchant processing transactions of $4.9 trillion for 1999 and projected that this number would almost double by the year 2010. Online transactions, which are the fastest growing segment of merchant transactions, is reported to reach as much as $330 billion this year according to a Keenan Vision report. Electronic payments are simpler for both the consumer and the merchant, decreasing the importance of cash transactions in the economy and paving the way for companies like Accesspoint that are seamlessly integrated into the merchant processing transaction.

"I am truly excited by our continued rapid growth even in the face of a stalled economy," remarked Tom Djokovich, Accesspoint's CEO. "All the pieces are now in place as we leverage the Company's competitive advantages and build up our market share in the high-growth merchant processing industry. Success feeds upon success, and we have seen an increasing interest in our product lines as merchants learn of our fast paced growth in 2001. In fact, management's only current material frustration is that of our stock price. We have been working hard to build lasting shareholder value through our continued focus on the growth of our sales channels, new merchant base and product lines. As the mood driven capital markets continue to rise and fall we intend to keep focused on these basics as the only lasting formula for shareholder value."

About Accesspoint

Accesspoint has been serving thousands of merchants nationwide since 1995 and has combined its mature Application Services technology platform with its unique relationships with Chase Merchant Services LLC and First National Bank of Omaha to provide bundled payment acceptance and business management services.

These programs provide customers with multiple payment acceptance capabilities including credit card and check transaction, a fully operational e-commerce and business management Web site, and a central Web-based management system for servicing both the brick-and-mortar and Web-based sides to each business.

This news release contains forward-looking statements regarding Accesspoint's business strategies and future plans of operations. Forward-looking statements involve known and unknown risk and uncertainties. The company's risks and uncertainties include: intense price competition, economic, political and regulatory uncertainties, the need to raise additional capital until the company can fund itself directly from operations, its ability to expand its ISO network and its ability to attract additional customers. The forward-looking statements contained in this news release speak only as of the date hereof and Accesspoint disclaims any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to reflect changes in Accesspoint's expectations or future events.