insci-statements.com Names Jerry Bucher Sr. Vice President Strategic Development, Brian McQuesten Vice President Finance.

Business Editors

WESTBOROUGH, Mass.--(BUSINESS WIRE)--Dec. 5, 2000

Bolsters Executive Team With Over 40 Years Combined Experience in

Strategic Planning, Marketing, Operations and Finance

insci-statements.com, Corp. (Nasdaq:INSI), a provider of software solutions and services for electronic statement presentment services, digital document storage, workflow and electronic commerce, today announced that, effective immediately, veteran executives Jerry L. Bucher, 43, and Brian R. McQuesten, 51, have joined the Company's senior management team as Senior Vice President, Strategic Development and Vice President, Finance, respectively.

The two executives together have more than 40 years of experience in strategic planning, sales, marketing, operations and finance and have successfully met the challenges of developing and managing turnaround business strategies. They will report directly to the Company's recently appointed President and CEO, Lori R. Frank.

Bucher fills a newly created position with responsibility for the Company's product and business development strategies, developing and expanding its alliances and partnerships, and furthering its relationships with industry analysts. McQuesten assumes the Vice President, Finance responsibilities of Roger C. Kuhn, 57, who retired in early September and the Chief Accounting Officer role of Susan M. Bergin, 49, who has resigned to pursue other interests.

According to Frank, both men have extensive experience with the kind of transition and refocusing efforts the Company has initiated, which include expansion of the Company's core on-site enterprise software business for digital document storage, workflow and electronic statement presentment solutions, and providing ASP-enabling software and services to companies that wish to provide those same solutions to their customers.

"Jerry and Brian have the know-how and successful track records that will significantly strengthen our management team," Frank said. "They have worked in challenging transitional and turnaround environments, as well as in growth-oriented companies, and will provide essential strategic, operational and financial leadership as we focus on generating new increases in revenue and earnings."

Bucher has been in sales, marketing, product and operations management in applications software and electronic document management for more than 21 years. His experience includes the successful development and execution of strategic business plans, sales and marketing strategies, and the management of both direct and indirect domestic and international sales and operations. In 1988, Bucher co-founded Legend/DCR Technologies, which created a new technology now known as Computer Output to Laser Disc (COLD), thus establishing a new industry segment. Legend/DCR's product, TREEV, became the industry leader with more than 2,500 customers worldwide. The Company was sold to Network Imaging in 1994, where he remained until 1996. In 1996, Bucher co-founded Minneapolis-based Imaging Institute Inc., a developer and marketer of innovative document imaging products and an insci-statements.com marketing partner. In 1999, Imaging Institute was acquired by Suwanee, GA-based Towne Services, Inc., where Bucher served as Vice President, Operations for the Company's Collection Works division until leaving Towne in September, 2000.

Bucher graduated from Texas Tech University in Lubbock, TX with a Bachelor's degree in marketing.

McQuesten, a certified public accountant, has more than 20 years of experience managing financial operations of multinational businesses in the consumer products and technology industries, and has participated in a number of private and public debt and equity financings. For the past 13 years he has held various senior financial management positions, including Vice President and Corporate Controller, at Nashua, NH-based EKCO Group Inc., a publicly held, international manufacturer and marketer of branded consumer products that was acquired by Corning Consumer Products in 1999. From 1979 through 1987, McQuesten was Director of Accounting at Centronics Data Computer Corporation in Hudson, NH where, among his other duties, he helped transition that Company from the computer printer business by selling certain assets to fund the formation of EKCO. Prior to that he spent five years with Laventhol & Horvath in Boston and started his career with Harvard Trust Company in Cambridge, MA.

McQuesten has a Bachelor's degree in industrial engineering/operations research and a Master's degree in accounting from the University of Massachusetts, Amherst.

About insci-statements.com

insci-statements.com is a leading provider of electronic statement presentment services and digital document storage and electronic commerce solutions. The Company's products include ASP-enabling and on-site, enterprise software solutions sold and supported directly or through strategic distribution partners. The Company has strategic partnerships and relationships with such companies as Xerox, Moore and Unisys. For more information about insci-statements.com, visit www.insci.com. For additional investor relations information visit the Allen & Caron Inc web site at www.allencaron.com.

There are statements in this news release that contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These include all statements that are not statements of historical fact and relate to the intent, belief, plans or expectations of insci-statements.com, their management, and their customers. Words like "plans," "intends," "believes," "signifies," "estimates," "anticipate," "will," "expect," and words of similar meaning are intended to identify forward-looking statements. Actual results may vary significantly from the forward-looking statements as discussed in detail in the Company's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year-ended March 31, 2000, and its Quarterly Reports on Form 10-Q for the periods ending June 30, 2000 and September 30, 2000. Actual results, events and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.