Creditron Ranked Number 378 Fastest Growing Technology Company in North America on the 2002 Deloitte & Touche Technology Fast 500

Creditron attributes its 896 % Revenue Growth to innovation in electronic transaction processing – even for paper based payments!

Mississauga, Ontario, Oct 17, 2002 — Creditron today announced that it ranked Number 378 on the 2002 Deloitte & Touche Technology Fast 500, a ranking of the 500 fastest growing technology companies in North America. Rankings are based on percentage revenue growth over five years, from 1997-2001. Creditron grew 896 percent during this period.

Creditron’s CEO, Wally Vogel, credits technological innovation and customer focus with the company’s 896% revenue growth over the past five years. He said, "This is a great affirmation of a talented team, and of success achieved through listening to customer’s needs and meeting them consistently. By working with our clients we have brought innovative payment processing solutions from vision to reality. We look forward to the future, and continuing to establish, develop, and enhance our client relationships."

"Making the Deloitte & Touche Technology Fast 500 is a testament to a company’s leadership, commitment to technology, and ability to deliver the right solution at the right time, said Mark A. Evans, managing director, Deloitte & Touche Technology, Media & Telecommunications Group. With its 896% growth rate over five years, Creditron has proven that its leadership has the vision and determination to succeed, and we at Deloitte & Touche salute their accomplishments."

In addition to ranking on the Deloitte & Touche Technology Fast 500, Creditron ranked 36 on the Canadian Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in Canada.

Fast 500 Selection and Qualifications

The Fast 500 list is compiled from three sources: Deloitte & Touche’s 20 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. To qualify for the Fast 500, companies must have had 1997 operating revenues of at least $50,000 USD and $75,000 CD, for United States and Canada respectively, must be public or private companies headquartered in North America, and be "technology companies" defined as companies that own proprietary technology that contributes to a significant portion of the company’s operating revenues or devote a high percentage of effort to research and development of technology.

Technology Fast 500 winners are invited to an exclusive CEO Summit held each spring. The CEO Summit, now in its fifth year, is designed to address the unique business challenges facing these super-charged technology companies.

About Creditron

Creditron is a technology company which provides innovative and effective solutions to payment processing challenges. Creditron’s software is the leading edge in digitally processing all types of payments including cheques, money orders, and internet payments. Creditron serves government clients at all levels, as well as financial institutions, insurance companies, utilities, and other organizations that process a large volume of payments. Creditron users process an estimated $50 billion per year.

Creditron systems utilize digital imaging to read print, handwriting, and other data from payment instruments. Creditron is an authorized reseller of NCR payment processing hardware, a Microsoft Certified Partner, and a Microsoft Great Plains Business Solution Partner. For more information visit Creditron’s website at www.creditron.com.

About Deloitte & Touche

Deloitte & Touche, one of the nation’s leading professional services firms, provides assurance and advisory, tax, and management consulting services through nearly 30,000 people in more than 100 U.S. cities. The firm is dedicated to helping its clients and its people excel. Known as an employer of choice for innovative human resources programs, Deloitte & Touche has been recognized as one of the "100 Best Companies to Work for in America" by Fortune magazine for five consecutive years. Deloitte & Touche refers to Deloitte & Touche LLP and its related entities. Deloitte & Touche is the U.S. national practice of Deloitte Touche Tohmatsu. Deloitte Touche Tohmatsu is a Swiss Verein, and each of its national practices is a separate and independent legal entity. For more information, please visit Deloitte & Touche’s Web site at www.deloitte.com.