Accesspoint Sales Channel Continues Rapid Expansion.

Business Editors

IRVINE, Calif.--(BUSINESS WIRE)--July 26, 2001

Accesspoint Corp. (OTCBB:ASAP), today announced that its sales channel continues to expand rapidly for its merchant processing products and services.

During this year alone, Accesspoint, working with its card processing division Processing Source International (PSI), has built a stable of more than 227 fully trained licensed sales organizations and has registered 453 active regional sales offices within its ISO (independent sales organizations) Advantage system for the sales of its services.

Furthermore, the company noted that it has signed on an additional 680 agents who employ the use of Accesspoint's revolutionary ISO Advantage system daily for management of their merchant services business.

Accesspoint and PSI anticipate that their sales channels will continue to grow as the companies gear up for a 3rd quarter wave of sales and product training seminars. Moreover, Accesspoint is poised to enter into the busiest and most active part of the year for new merchant activations and increased transaction volumes for existing merchants as the back-to-school rush and Christmas sales seasons quickly approach.

"The rapid growth of our sales channels is the engine that has fueled Accesspoint's successful transition from a development stage company to a fully operational growth organization," remarked Accesspoint CEO, Tom Djokovich. "We anticipate continued fast-paced expansion as we leverage our technology and processing relationships in attracting additional sales outlets and building upon our merchant customer base."

"PSI's independent sales organizations are readily embracing Accesspoint's real-time technology because it dramatically reduces the amount of time and manpower needed for the process of merchant application processing, credit scoring, and account approvals, and that significantly increases their bottom line," added Al Urcuyo, president and CEO of Processing Source International.

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.