billserv.com Common Stock to be Listed on the National Quotation Bureau's Electronic Pink Sheets

Business Wire, Oct 7, 1999

SAN ANTONIO--(BUSINESS WIRE)--Oct. 7, 1999--

billserv.com Inc. (OTC BB:BLLS) (OTC BB:BLLSE), an electronic bill presentment and payment service bureau, today announced it has yet to clear final comments with the Securities and Exchange Commission (SEC) on its Form 10 registration statement despite diligent efforts to do so.

Accordingly, beginning Oct. 8, 1999, billserv.com's common stock will no longer be listed on NASD OTC BB, but will be listed on the National Quotation Bureau's (NQB) Electronic Pink Sheets under the symbol "BLLS."

Investors may obtain stock quotes on a subscription basis through the National Quotation Bureau or from bloomberg.com. Individuals interested in subscribing to the National Quotation Bureau's Electronic Quotation Service are encouraged to call 212/868-7100. More information about National Quotation Bureau's Electronic Pink Sheets can be found at www.nqb.com.

"While we are disappointed that we have not completed the comment period with the SEC, we continue to diligently seek closure of this process on a daily basis," said Michael Long, chairman and CEO of billserv.com. "It is important for investors to understand that billserv.com's business model has not changed, and the company continues to aggressively seek relationships with billing customers and trading partners."

billserv.com has scheduled an investor conference call on Monday, Oct. 11, 1999, at 4:15 p.m. EDT to discuss the company's current status. Investors can listen to the call hosted by Michael Long, by calling 800/230-1074 (for U.S. callers) or 612/288-0318 (for international callers).

About billserv.com

billserv.com Inc. (OTC BB:BLLS) is an electronic bill presentment and payment service bureau that provides small- to medium-sized billers with a turnkey outsourcing solution for presenting bills to consumers for payment on the Internet. billserv.com serves an intermediary role between billers and bill aggregators by consolidating customer billing information from multiple billers, and then securely delivering it to aggregators. billserv.com has four product offerings: (eServ(sm)), Internet billing clearinghouse services for EBPP; (ePublishing(sm)), electronic publishing services for online statement delivery; (eCare(sm)), an interactive customer care center operation; and (eConsulting(sm)), professional consulting services for billing organizations offering in-house bill presentment. billserv.com also owns and develops bills.com, the first EBPP Internet portal where consumers can pay all their bills electronically. For additional information, visit http://www.billserv.com or call 210/402-5000.

Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.