CybeRecord Appoints Financial Services Marketing Director.

Business Editors, High Tech Writers

BELLEVUE, Wash.--(BUSINESS WIRE)--March 21, 2000

CybeRecord, Inc. (NASD OTC:CYRD) announced today that it has appointed John Ransom as marketing director of its automatic microfilm digitization products to the financial services industry.

Mr. Ransom has 30 years of banking experience, including positions as a Federal Deposit Insurance Corporation (FDIC) senior bank examiner and as an officer, director, and executive vice president of Seattle-based Prudential Bank. At Prudential, he managed all major departments and functions during a high-growth period that included a ten-fold increase in assets, revenue, and earnings, and conversion from a mutual savings bank to a publicly owned holding company.

"John's substantial experience as both a bank executive and a nationwide bank examiner has acquainted him well with a wide range of financial institutions," said James Lucas, CybeRecord's chairman and chief executive officer. "His familiarity with such a broad scope of this important industry makes him a valuable asset to our company.

"The banking and insurance market accounts for approximately 30% of this country's estimated 500 billion microfilm images, which excludes bank checks," he added. "That number is growing at a rate of 2% to 4%, or 10 to 20 billion images, every year."

Mr. Ransom said that banking, insurance, and other financial services are becoming more intertwined as a result of the recent passage of a bill that allows these institutions to create financial holding companies more easily. Competition and shrinking profit margins among the nearly 9,000 banks, 7,000 insurance companies, and other financial service enterprises make mergers and acquisitions attractive in this marketplace, he added.

"As these institutions consolidate, they must also consolidate and share data that is stored on microfilm," he said. "CybeRecord's ScanServer -- the first economical, automatic, high-quality, and high-speed microfilm scanner -- facilitates digitization of a multitude of film formats into a company-wide electronic database. It is the first microfilm scanner available on a monthly rental and overnight-replacement program, which allows customers to install as many scanners as necessary for the time they need them, with no capital expenditure and no worry about equipment breakdowns.

In addition, ScanServer's push-button operation does not require a high skill level; the scanner quickly and automatically converts even low-quality microfilm images to high-quality digital images, with no operator intervention.

"Today, banks microfilm transactions, such as paid checks, deposits, and credit card receipts, for potential retrieval," he added. "They have been seeking an easy and economical means to digitize these millions of microfilmed transactions, to respond to customer requests for copies far sooner than the two or more weeks it typically takes to get a copy to a customer by mail.

"As highly regulated institutions, banks and insurance companies are often subject to government agency investigations and examinations. In these instances, data in readily accessed digital form saves much time and labor. Thus, the financial services industry's desire to digitize microfilmed records easily and affordably for consolidations, investigations, examinations, and customer relations presents CybeRecord with an enormous market opportunity," Mr. Ransom said.

CybeRecord, Inc. develops and manufactures products that automate and enhance digitization of microfilm records, allowing knowledge workers and consumers to share this information as high-quality electronic images by way of the Internet, intranet, microwave, or satellite. For more information, call CybeRecord at 425/990-5593 or visit our Web site at www.cyberecord.com.

This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results. Readers are cautioned to understand that important risk factors could cause actual results to differ from those assumed or anticipated in the forward-looking statements. These risk factors include potential fluctuations in quarterly results and demands for products and services, dependence on new product development, rapid technological and market change, financial risk management, and future growth risks. These cautionary statements should be considered in connection with any subsequent written or oral forward-looking statements issued by CybeRecord or persons acting on its behalf. CybeRecord undertakes no obligation to review or confirm analysts' expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.