Bell & Howell and insci-statements.com Announce Strategic Alliance.

Business Editors and High-Tech Writers

WESTBOROUGH, Mass.--(BUSINESS WIRE)--Jan. 16, 2001

Bell & Howell Co. (NYSE:BHW) and insci-statements.com Corp. (Nasdaq:INSI) Tuesday jointly announced the signing of a three-year, non-exclusive agreement to form a strategic technology development, support and marketing alliance, which includes sharing by the two companies of sales revenues generated by the alliance.

Under the terms of the alliance agreement, Bell & Howell Mail and Messaging Technologies (MMT) will establish an Application Service Provider (ASP) operation to provide its customers with full service, end-to-end, electronic document distribution and long-term document archive capabilities using insci-statements.com's ESP+ Solutions Suite(TM) and professional services.

The document distribution services provided will focus primarily on Electronic Statement Presentment (ESP) and Electronic Bill Presentment and Payment (EBPP).

This alliance resulted from the two companies successfully transitioning to an ASP-enabling/revenue sharing business relationship, an earlier agreement between Bell & Howell and insci-statements.com's recently discontinued ASP subsidiary.

The ASP-based services of the new alliance will be part of the Bell & Howell IMPACT eMessaging(TM) product offering, which provides companies with speed-to-market for Internet messaging projects because it requires no changes to legacy applications.

The IMPACT eMessaging suite offers powerful Internet billing, statement and notice solutions. Personalized account information can be delivered via a company branded Web site, secure e-mail or using the CheckFree(R) distribution channels. The addition of ESP+ to IMPACT eMessaging solutions enables short- or long-term archiving of Internet documents.

"The new alliance with insci-statements.com is a significant step in the evolution of our e-commerce solutions," said Bill Fay, vice president of Bell & Howell MMT. "To complete our ESP and EBPP offerings, it is essential that we have a top-of-the-line, high volume document archiving solution that will efficiently support storage requirements spanning up to seven years.

"We formed this cooperative alliance with insci-statements.com because we believe it has the technology leadership and the right products today."

Lori R. Frank, insci-statements.com president and CEO, commented: "The alliance with Bell & Howell is an excellent example of the success of our recent efforts to implement our ASP-enabling business strategy with industry leaders and to transition, wherever possible, the relationships of the company's former ASP subsidiary to this new business model.

"Bell & Howell's nationwide sales force of 77, sizeable customer base, prominent position in the traditional mailing market and aggressive entry into e-commerce, when coupled with our technology and expertise, should position both companies with the opportunity to leverage the potential of the expanding ESP and EBPP market."

The business model of the alliance can provide insci-statements.com a new and predictable recurring revenue stream derived from the ASP-based services sales generated by the alliance. Further terms of the agreement were not disclosed.

About Bell & Howell

Bell & Howell Co., with headquarters in Skokie, Ill., is a leading information solutions and services provider to industries worldwide. In each of its businesses, the company transforms information through software and services, helping its customers operate more effectively and efficiently.

For high volume mailers -- such as financial institutions, credit card processors, telecommunications and insurance companies, utilities, direct mailers and service bureaus -- Bell & Howell develops and markets turnkey solutions that transform routine mailings (e.g. statements and invoices) into highly targeted paper- and electronic-based customer communications.

The company offers its customers a range of integrated solutions, including data manipulation and database-driven inserting software, high-speed inserting and sorting systems, and extensive service support and financing options.

For more information on Bell & Howell Mail and Messaging Technologies businesses, call 800/220-3030 or visit http://bellhowell.mailmessaging.com. Additional information on Bell & Howell Co. can be found at http://www.bellhowell.com.

About insci-statements.com

insci-statements.com is a leading provider of electronic statement presentment services and digital document storage and electronic commerce solutions. The company's products include ASP-enabling and on-site, enterprise software solutions sold and supported directly or through strategic distribution partners.

The company has strategic partnerships and relationships with such companies as Bell & Howell, Xerox, Moore and Unisys. For more information about insci-statements.com, visit www.insci.com. For additional investor relations information visit the Allen & Caron Inc. Web site at www.allencaron.com.

There are statements in this news release that contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These include all statements that are not statements of historical fact and relate to the intent, belief, plans or expectations of insci-statements.com, their management, and their customers. Words like "plans," "intends," "believes," "signifies," "estimates," "anticipate," "will," "expect," and words of similar meaning are intended to identify forward-looking statements. Actual results may vary significantly from the forward-looking statements as discussed in detail in the company's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year-ended March 31, 2000, and its Quarterly Reports on Form 10-Q for the periods ending June 30, 2000 and Sept. 30, 2000. Actual results, events and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The company undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.