Esquire Communications Ltd. Receives Loan Extension and Appoints Vice President of Finance.

Business Editors

San Diego--(BUSINESS WIRE)--Jan. 26, 2000

Esquire Communications Ltd. (&uot;Esquire&uot;)(OTCBB:ESQS) announced today that the company has successfully negotiated an extension of its Credit Agreement with its lending group.

That Credit Agreement, which provides for borrowings of up to $83 million, of which $82.85 million is presently outstanding, expired on Jan. 3, 2000. The loan is secured by substantially all of Esquire's assets.

Under the extension, which is effective as of Jan. 3, 2000, Esquire's lenders have agreed to forbear until April 14, 2000, from exercising their rights and remedies arising out of certain existing and anticipated defaults under the Credit Agreement. During the extension, new management intends to formulate a strategic business plan that it hopes will serve as a foundation for a more permanent restructuring of Esquire's indebtedness to its lenders.

Paul Bellamy, Esquire's chief executive officer, commented that &uot;Our lenders' willingness to forbear and extend their loan to the company for a full 3 1/2 months demonstrates a willingness to work with Esquire to solve its short-term difficulties. Once we have formulated out strategic business plan we hope to restructure our indebtedness with them in a manner that will both stabilize the company and position it for future profitability. However, no assurances can be given that any restructuring can or will be successfully implemented.&uot;

Bellamy also announced the appointment of Joseph Trentacosta as vice president, finance, Trentacosta has held similar positions in the energy, electronics and healthcare industries. Bellamy stated that, &uot;Mr. Trentacosta brings the financial and control skills necessary to the development and successful execution of the strategic business plan currently in process.&uot;

Esquire is the nation's leading provider of court reporting services to law firms, insurance companies, and corporations through its owned offices located in 24 markets in 11 states and the District of Columbia. In certain markets Esquire also provides permanent and temporary staffing of financial and legal professionals, legal vide services, records retrieval, process service and document depository services.

Statements used in this press release that relate to future plans, events, financial results or performance are forward-looking statements as defined under the Private Securities Litigation Reform Act of 1995. Actual results may differ from those anticipated as a result of certain risks and uncertainties, including but not limited to the market acceptance of current and future services, competitive pressures, and investment risks, costs and potential disruption of acquisitions, as well as other risks and uncertainties detailed from time to time in the company's periodic reports on forms filed with the Securities and Exchange Commission. Readers are cautioned not to rely on these forward-looking statements. The company undertakes no obligation to republish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.