Captovation and Parascript, LLC Sign Software License Agreement

Market Wire, March, 2006

Captovation, a developer of check capture software, announced today that they have signed a software license agreement with Parascript, LLC. This agreement allows Captovation to integrate the check courtesy and legal amount recognition (CAR/LAR) feature found in Parascript® CheckPlus® software with their check capture system -- Captovation® Check Capture. This intelligent recognition technology will provide an automated method for financial institutions to process checks resulting in reduced data entry requirements.

Captovation will utilize the Parascript CheckPlus API to add CAR/LAR functionality to Check Capture. The check courtesy amount is the machine printed (business check) or hand written (personal check) numerals that appear next to the payee's name, while the legal amount is the spelled out version beneath the payee's name. To capture this amount, CheckPlus first reads the courtesy amount and then the legal amount during the scanning process. It then compares the results and applies a confidence rating of 0-100, whereas a higher confidence rating would be interpreted as a more accurate read. Check Capture can be configured to filter or reject any reads that have a confidence rating below a number set by the organization. These rejects or misreads would then require manual verification by the Check Capture user.

Typically, the check amount is encoded on the physical check before it gets passed through a check scanner with a MICR (magnetic ink character recognition) reader. Encoding the check ensures that the check amount can be read in the MICR line. However, with the passage of the Check 21 law (Check Truncation Act) in October 2004, the process of physically encoding checks can now be eliminated. Instead, financial institutions can use check capture software, such as Captovation Check Capture, and a check scanner to capture the check image and data and send those items electronically to a check clearinghouse or paying bank. By clearing check items electronically, financial institutions will save on check shipping costs and have more immediate access to funds.

"I am very pleased to announce this partnership between Captovation and Parascript," said Ken Peterka, President and CEO of Captovation. "Parascript's software exceeded our expectations in recognition success rates and performance."

CAR/LAR will be available in Check Capture 5.1, and will be sold as an option. Check Capture 5.1 is scheduled for release in late Q2 of 2006.

About Captovation, Inc.

Captovation develops check capture software for financial institutions. Our Captovation® Check Capture system provides the critical first step to becoming image enabled, thereby allowing financial institutions to capture checks at their earliest point of presentment so they can participate in and realize the many benefits of Check 21 and electronic image exchange. Check Capture can be used with many check scanner devices and includes such features as X9.37 support (Check 21 output standard), auto MICR parsing, and CAR/LAR recognition (optional). Check Capture is sold through Captovation certified resellers and OEM partners. For more information, visit the company's web site at www.captovation.com .

About Parascript, LLC

Parascript® Intelligent Recognition technology captures, interprets and transforms paper-based data into actionable information. Uncovering the hidden meaning of information, we help commercial and government organizations drive higher accuracy and productivity while automating costly data entry. The first to solve the cursive handwriting puzzle, Parascript has grown to be the intelligent recognition solution for the U.S. Postal Service and other Global 2000 organizations including Böwe Bell & Howell, Carreker, Lockheed Martin, NCR, Siemens, and Unisys. Parascript is online at www.parascript.com .

FOR MORE INFORMATION: Jason Lamon Director of Marketing Communications Captovation, Inc. 5275 Edina Industrial Blvd., Suite 220 Minneapolis, Minnesota 55439 USA Phone: (952) 345-7007 Fax: (952) 835-2250 Email Contact http://www.captovation.com