CONIX Systems Announces Strategic Alliance with Parascript.

MANCHESTER, Vt. -- CONIX Systems To Incorporate Parascript's Intelligent Recognition Technology to Ensure Image Integrity in the Check 21 Environment

CONIX Systems Inc., the leading provider of payment processing solutions to the financial services industry, announced today the formation of a strategic alliance with Boulder, Colo.-based Parascript(R) LLC, the provider of Intelligent Recognition(TM) technology.

The alliance allows CONIX Systems to integrate Parascript CheckUsability(TM), a two-in-one image integrity solution that uses advanced pattern recognition technology techniques to evaluate image quality and usability, into the CONIX ImageAnalyzer(TM) solution. ImageAnalyzer (IA) is a sophisticated image quality assurance system that provides users with a comprehensive image analysis tool that performs all of the ANSI X9.37 image quality checks, as well as a usability analysis on all areas of each check to ensure that the image is useable. ImageAnalyzer evaluates personal checks, business checks and image replacement documents (IRDs). Users can set the tolerance controls for each measurement by type or source of work, reducing the presence of false suspect items reported. This greatly improves the efficiency of this critical quality control process for image processing environments.

"In working with Parascript to incorporate its Intelligent Recognition technology into our image solutions, we will provide financial institutions with the most robust resources to compete in the Check 21 environment," said Frank Stokes, president, Technology Group of CONIX Systems Inc. "Our customers need and expect top quality image capabilities, and this alliance helps assure them we are providing leading edge solutions."

"CONIX and Parascript share a commitment to helping banks find greater efficiencies and cost savings and to improve customer service by delivering more accurate payment services," said Mike Fenton, VP of Sales and Operations at Parascript LLC. "With automated verification of image quality and usability, banks can strengthen their position in an image exchange environment and be assured they meet the most rigid quality assurance standards."

CONIX Systems recently announced the release of its full payment processing suite, which includes IA; Remote Item Processing Solution (RIPS)(TM), a small-to-medium volume-specific electronic image capture system; and IRD Print, a scalable IRD printing solution.

About Parascript LLC

Parascript captures, interprets and transforms data into actionable information, automating costly data entry and improving decision quality in commercial operations. Parascript's Intelligent Recognition(TM) technology captures paper-based data at lower cost with higher accuracy, interprets data to uncover hidden information and transforms data into an enterprise asset that improves productivity. The first to solve the cursive handwriting puzzle, Parascript has grown to be the intelligent recognition solution for the U.S. Postal Service and other Global 2000 organizations including Bowe Bell & Howell, Carreker, Lockheed Martin, NCR, Siemens, and Unisys. For more information about Parascript and its products and services, visit its Web site at www.parascript.com.

About CONIX Systems

CONIX Systems Inc. is a world leader in providing payment processing software and related services to the financial services industry. The company's products, in some form, touch or process an estimated 100 billion paper and electronic items each year and handle virtually every aspect of payment processing - including work flow management, balancing, branch capture, corporate capture and electronic check presentment. CONIX software and services are used by approximately 90 percent of the largest banks in the country. Founded in 1992, the company is headquartered in Manchester, Vt., with offices throughout the United States. For more information about CONIX and its products and services, visit its Web site at www.conix.com.