Magnet Communications Names New Vice President of Product Support.

Business Editors

ATLANTA--(BUSINESS WIRE)--Jan. 10, 2001

10-year technical support and software development veteran

Scott J. Worrell to lead product and technical support teams

Magnet Communications, Inc. (www.magnetbanking.com), the financial supply chain for business banking, today promoted Scott J. Worrell to vice president of product support.

In this position, Worrell is responsible for both product and technical support.

Worrell joined Magnet in January 2000 as manager of technical support. Prior to that, he worked with Dynacs Engineering Co., Inc., where he developed Microwave Scanning Beam Landing Systems (MSBLS) used to calibrate NASA's Shuttle Landing Facilities. Worrell gained additional experience at Siecor/Siemens Corporation where he designed processes, procedures, and systems for testing and calibrating optical fiber test equipment.

"More and more banks are turning to Magnet to fulfill their business banking needs, and most are taking advantage of the simplicity and ease of our ASP offering," said Magnet chief operations officer Scott Pranger. "With his strong service and technical background, Scott is the ideal individual to lead Magnet's support team and will ensure that as our end-users increase in number, our quality of service and support will remain unmatched."

Worrell is a graduate of the University of North Carolina at Charlotte.

About Magnet Communications

Magnet Communications, The Internet Business Banking Authority, was founded in 1995 and leads the financial supply chain as a premier provider of secure business banking and cash management solutions to banks worldwide through its application service provider (ASP), Magnet Outsource Service. Magnet's Internet Banking Suite is one of the most comprehensive Internet business-banking solutions in the market today and has been selected by some of the world's largest financial institutions. The suite offers more than 15 applications, including digital signatures, image-based lockbox delivery, and foreign exchange. Building on its success in the market, Magnet now also offers iPortBiz, its bank-branded ASP portal, which combines digitally secure cash management services with essential business services, including B2B bill payment, bill presentment, and tax filing, as well as integration with business financial management packages such as QuickBooks(R) and wireless channels. For more information regarding Magnet Communications or its products and services, please visit www.magnetbanking.com or via email at [e-mail].

Magnet, Magnet Communications, Magnet Internet Banking Suite, iPortBiz, Magnet Outsource Service and The Internet Business Banking Authority are trademarks and/or service marks of Magnet Communications, Inc.