PTEKVentures.com Adds Derivion to Its Portfolio

Business Wire, June 9, 1999

ATLANTA--(BUSINESS WIRE)--June 9, 1999--

New Investment Strengthens Premiere's Portfolio Strategy

"Powered by Orchestrate(R)"

Premiere Technologies, Inc. (NASDAQ: PTEK) announced today that it has invested, through its PTEKVentures.com Internet investment initiative, in Derivion Corporation, a pioneering provider of Electronic Bill Presentment and Payment (EBPP) services.

One of the goals of PTEKVentures.com is to extend Premiere's Orchestrate(R) Web-based communications technology to emerging Internet companies. Already, PTEKVentures.com initiatives include strategic relationships with companies such as WebMD, USA.Net, Webforia, VerticalOne and IntelliVoice.

"PTEKVentures.com's strategy is guided by two key principles. First, we seek savvy Internet partners that create solutions to improve our services and provide long-term sales and marketing opportunities. Second, we seek early round investments in these companies to promote partner loyalty and provide Premiere with upside equity opportunities," said Boland T. Jones, Founder, Chairman and CEO of Premiere Technologies.

"Our investment strategy has led us to some of the best and brightest young companies and Derivion is clearly one of them," added Jones. "We anticipate that Derivion will become a significant player in the EDPP services industry and will join the expanding group of highly successful Atlanta-based Internet companies."

Through PTEKVentures.com, Premiere owns approximately 13% of Derivion's outstanding stock, and has also entered into a strategic marketing agreement to provide Premiere's Orchestrate product line to Derivion's customers.

About Premiere Technologies

Atlanta-based Premiere Technologies (NASDAQ:PTEK) provides innovative solutions to simplify communications by combining the power of the Internet with the reach of the telephone. Founded in 1991, Premiere has operations in 32 countries and can be found at www.premtec.com.

NOTE TO EDITORS: Statements made in this press release, other than those concerning historical information, should be considered forward-looking and subject to various risks and uncertainties. Such forward-looking statements are made based on management's belief as well as assumptions made by, and information currently available to, management pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Premiere's actual results may differ materially from the results anticipated in these forward-looking statements as a result of a variety of factors, including those identified in Premiere's Annual Report on Form 10-K for the fiscal year ended December 31, 1998 and its Quarterly Reports on Form 10-Q and subsequent filings filed with the Securities and Exchange Commission.