Corex Technologies Named New England's 11th Fastest Growing Technology Company.

CAMBRIDGE, Mass.--(BUSINESS WIRE)--Sept. 28, 1999--

Corex Technologies Corporation, developer of the industry's leading business card scanning solution, CardScan, today announced it has been recognized as the 11th fastest growing technology company in the elite "New England Technology Fast 50" for 1999. The program is co-sponsored by the professional services firms of Deloitte & Touche and Hale and Dorr LLP, in association with Mass High Tech.

"As an entrepreneur in the high-tech industry, I've seen many companies start out with phenomenal expectations and initial growth, but fail to succeed," said Jonathan Stern, president and CEO of Corex. "Our sustainable growth and expansion are a result of the talent and dedication of our employees, as well as our overall commitment to delivering quality products that meet our customers needs. It is an honor to be recognized for our success along with these other growing companies."

Corex's explosive increase in revenues of 3,806 percent during the five-year period from 1994 to 1998 resulted in the top 15 ranking in the Fast 50 for New England.

"Relative to the rest of the country, the New England Technology Fast 50 is an extremely competitive program. Our region has more than its share of great minds leading great companies, which makes this recognition exceptionally significant," said David Elsbree, partner-in-charge, high technology practice for Deloitte & Touche LLP.

To qualify for the Fast 50, companies must have had revenues of at least $50,000 in 1994; may be public or private; and must have headquarters in the region. To be considered for an award, the company must produce technology, manufacture a technology product, be technologically intensive, use technology in problem-solving, or devote a high percentage of effort to the research and development of technology.

As a nominee of the New England Fast 50, one of 19 regional programs in the United States, Corex will be entered in the Deloitte & Touche Technology Fast 500 program, which ranks the nation's top 500 fastest growing technology companies.

About Corex Technologies

Corex Technologies Corporation, based in Cambridge, Mass., develops and markets industry-leading business card scanning software and scanner products that increase personal and corporate productivity. Founded in 1993, the privately held, venture-backed company develops the award-winning CardScan family of products and new Area Code Fix software. The complete line of CardScan products is available directly from Corex Technologies and at more than 3,000 authorized resellers, PC retailers, office superstores, mail-order outlets and distributors, including CompUSA, Circuit City, Fry's Electronics, Micro Center, Office Depot, Staples, OfficeMax, MicroWarehouse, CDW, Ingram Micro and Tech Data. For more information please call 1-800-492-6739 or visit our Web site at www.cardscan.com.

CardScan is a registered trademark of Corex Technologies Corporation. All other company names and products are trademarks or registered trademarks of their respective companies.