Business Services Industry

Omtool Names Steve O'Neill as Vice President of Business Development

Business Wire, March 20, 2008

ANDOVER, Mass. -- Omtool, Ltd. (OTCBB:OMTL), a leading provider of document capture and handling solutions, today announced that Steve O'Neill has joined the company as vice president of business development. With over 20 years of experience in business development, sales, and marketing, Steve O'Neill directs Omtool's business development and strategic partner relationships.

"Steve's addition to our executive team allows us to escalate our channel strategy as we continue to expand our enterprise business development," said Karen Cummings, executive vice president of sales and marketing at Omtool, Ltd. "We welcome his industry insight and enterprise experience to grow our partner and channel relationships. Steve's skill set enhances our seasoned management team to further the company's strategic goal of building partner relationships to increase enterprise opportunities for our products."

Most recently, O'Neill worked as vice president of sales and business development for a diverse set of enterprise-class products and companies, including Lotus Development Corporation. Prior to joining Omtool, O'Neill was executive vice president of Trellix Corporation and held senior level sales and marketing positions at Kubi Software, Banyan Systems, and Hewlett-Packard.

"Omtool is at the forefront of the emerging document capture and routing market," said O'Neill. "I believe the time is right to join Omtool and I look forward to pursuing new and existing opportunities while driving growth to the company's strategic partner development plan."

About Omtool, Ltd.

Omtool, Ltd. is a leading provider of document capture and handling solutions that simplify the integration of paper and electronic documents in enterprise information management systems. Our flagship product, AccuRoute, streamlines the capture, conversion and communication of paper and electronic documents, enabling fast, secure, simultaneous distribution to multiple destinations in multiple formats. Available at any network-enabled scan device or from a user's desktop computer, AccuRoute provides faster, more efficient workflows, while reducing cost, complexity and risk. Omtool solutions are used worldwide by businesses in document-intensive industries that demand secure handling, integration and tracking of documents in full compliance with a range of regulatory requirements. Based in Andover, Massachusetts with offices in the United Kingdom, Omtool can be contacted at 1-800-886-7845 or www.omtool.com.

This press release may contain forward-looking statements, including statements regarding Omtool's future financial and operating performance; customer interest in and acceptance of Omtool's products; long-term sales strategy; distribution channels; and the future plans of Omtool's management. These forward-looking statements are neither promises nor guarantees, and are subject to risk and uncertainties that could cause actual results to differ materially from the expectations set forth in these forward-looking statements, including but not limited to, risks associated with Omtool's business, including introduction of new product offerings, concentration of all products in the electronic document exchange market, focus on specific vertical markets; Omtool's strategic focus on new vertical markets; and those other risk factors described in Omtool's periodic reports and registration statements as filed with the Securities and Exchange Commission. Reported results should not be considered an indication of future performance. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Omtool undertakes no responsibility to update any such forward-looking statements.

COPYRIGHT 2008 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning
 

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