PrimeRevenue Successfully Completes SAS 70 Type II Audit; Report Validates Company's Internal Controls

Business Wire, March 1, 2006

ATLANTA -- PrimeRevenue, Inc., an industry-leading provider of Supply Chain Finance (SCF) solutions, announced it has recently completed a SAS 70 Type II audit of its payment processing services. Included in the scope of the audit were client setup, transaction processing and payment processing activities. The detailed controls that support these functions were examined as a part of the audit. Following the stringent review, an independent auditing firm concluded that reasonable internal controls and security procedures exist, and are executed with proper oversight and review.

The SAS 70 is an internationally recognized auditing standard developed by the American Institute of Certified Public Accountants (AICPA). The Type II audit tests a service organization's operating controls' effectiveness, in addition to reporting on the controls placed in operation.

PrimeRevenue's SAS 70 audit report assists clients with Sarbane-Oxley (SOX) compliance. The report addresses all five components of internal control outlined in the SOX legislation, namely the control environment, risk assessment activities, control activities, information and communication systems, and monitoring activities. The structure of PrimeRevenue's report is intuitive and is designed to be incorporated well with its clients' SOX compliance programs.

"With the successful completion of this audit, our clients can continue to be assured that PrimeRevenue's payment processing services meet or exceed industry standards," said Steve Gaylor, Vice President of Operations, PrimeRevenue. "As a trusted intermediary, we are committed to maintaining a high level of processing control and will undergo a Type II audit on an annual basis."

About PrimeRevenue, Inc.

PrimeRevenue is a supply chain financial services company that provides automated Supplier Finance, Payables Presentment and Financial Settlement services to Global 2000 organizations and their Suppliers. When PrimeRevenue is part of an organization's financial supply chain strategy, costs throughout the supply chain are reduced, working capital efficiency improved and Supplier relationships enhanced. Headquartered in Atlanta, Georgia, PrimeRevenue has offices and customers throughout the world. For more information on PrimeRevenue, visit www.primerevenue.com.