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Derivion

ATLANTA, GA., March 13, 2001 - Derivion, the leading provider of e-billing enablement solutions for B2C, B2B, and small business applications, announces the newest upgrade of its core e-billing solution, inetBiller 2.0, the latest major version of the company's market-leading application that offers unprecedented parsing and presentment speed, and introduces enhanced capabilities such as online presentment of graphs and charts, and higher level of biller control and scalability.

Focused on delivering the industry's most advanced and sophisticated e-billing solutions, Derivion's newest upgrade utilizes inetBiller HSCT (high speed conversion technology), a rapid throughput engine that extracts and optimizes biller data and other documents for electronic output, delivering a 400% improvement in the number of bills Derivion is able toprocess per second. Other inetBiller 2.0 enhancements include a higher level of biller control for automated implementation tasks; detailed reports for monitoring the conversion process; and new capabilities for generating table of contents and conducting data search and download.

"As the biller enablement leader, Derivion continues to develop technology that provides thought-leadership and innovation for the e-billing industry," said Greg Rable, CEO of Derivion. "In addition to Delivering superior advantages to our customers, we are quickly experiencing the results of our aggressive strategies adopted earlier this year tocreate efficiencies and a shorter path toprofitability. This newest release, coupled with our recent Activation Marketing results, are proof positive that Derivion is delivering value across the board."

inetBiller 2.0 features the industry's first fully integrated and automated conversion technology that uses print streams tocreate charts and graphs torevolutionize the way statements and invoices are presented and viewed online. Derivion will continue toinstall or migrate billers toinetBiller 2.0 and plans to complete the process by the end of second quarter. Billers already benefiting from the enhanced version include Tampa Electric Company, Service Electric Cable TV and Communications, Concord Telephone Company, and Cingular Wireless of PuertoRico.

"With this latest release, Derivion has clearly staked its position as an e-billing technology leader and raises the bar with a proprietary offering the company developed and continues to improve," said Paul Hughes, director of Billing and Payment Application Strategies research at the Yankee Group. "The re-focusing and refining that Derivion accomplished earlier this year is paying off. Derivion is providing strong evidence that their success continues to be driven by their flexible business model and superior e-billing solutions, along with rapid results in e-billing enrollment and high-end biller contracts."

Derivion leads the industry with pioneering technology and multi-layered services currently supporting 84 billers to annually digitize more than 240 million bills and tracking enrollment growth at more than 30 percent month over month. Since introducing Activation Marketing, a unique resource aimed at accelerating and building momentum for end-user adoption of e-billing--only five months ago--Derivion has tracked (to date) more than 50,000 enrolled users among its top tier billers.

About Derivion
Derivion is the leading e-billing solutions company that delivers comprehensive B2C, B2B, and small business applications toautomate and streamline bill delivery, payment, and customer care processes. Derivion enables billers of all sizes with three core e-billing solutions: inetBiller®, inetBiller B2BSM, and a small business e-billing solution. Derivion has an extensive network of 26 partnerships in electronic bill distribution and payment processing and leads the industry with pioneering technology and multi-layered services, currently working with 84 billers to annually digitize over 240 million bills. Founded in 1998, Derivion is headquartered in Atlanta, Georgia, and maintains research, development, and additional sales offices in Toronto, Canada. For more information about Derivion, please visit www.derivion.com.

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