Source Technologies Provides Process Improvement and Security Enhancements for Federal WIC Program; Program Members Receive Quicker Service and Fewer Distribution Errors on Benefits

Business Wire, Dec 20, 2005

CHARLOTTE, N.C. -- Please replace the release with the following corrected version due to multiple revisions.

The corrected release reads:

SOURCE TECHNOLOGIES PROVIDES PROCESS IMPROVEMENT AND SECURITY ENHANCEMENTS FOR FEDERAL WIC PROGRAM

Program Members Receive Quicker Service and Fewer Distribution Errors on Benefits

Source Technologies, a leading provider of integrated solutions for managing financial transactions and other secure business processes, announced today that with the addition of four new customers in 2005, the company now provides MICR printing solutions to 26 states for their Federal Women Infant and Children (WIC) program vouchers. These systems help state WIC agencies distribute vouchers to mothers and children in need more quickly for purchasing approved food and infant care products. Using Source Technologies' software and MICR printers for on-demand issuance eliminates preprinted vouchers that might result in fraudulent and/or duplicate distributions, and also cuts clerical and processing errors that could cause program members to be denied service when they need it most.

Source Technologies provides more than 4,000 MICR printers for WIC programs in numerous states. "We are the leading desktop MICR printer company nationwide," said Miles Busby, president, Source Technologies. "Particular to WIC's needs, our printers support all voucher designs as well as the MICR strip on the back which provides tracking and identification capabilities. Our printers offer a low cost and effective solution for high-volume applications, such as Federal assistance programs. As with all of Source Technologies' MICR printer products, we guarantee exceptional dependability and print quality."

WIC provides necessary assistance to low-income, nutritionally at risk pregnant women, nursing mothers, and under privileged mothers and young children up to age 5.

About Source Technologies

Founded in 1986, Charlotte, N.C.-based Source Technologies is a leading provider of integrated solutions for managing financial transactions and other secure business processes. In addition to the concourse family of self-service kiosks, Source Technologies offers secure disbursement software and magnetic ink character recognition (MICR) printers and consumables for secure document applications. Customers include nine of the top ten U.S. Banks, plus hundreds of Fortune 1000 and mid-sized companies. Source Technologies has created more than $400 million in economic value for its customers in the last ten years. For more information, visit www.source-us.com.