ReadSoft closes record deal

ReadSoft closes record deal ReadSoft, worldwide leader in forms processing, has closed a USD 3.8 million deal on the American continent to process tax forms for both individuals and corporations. The deal is won in cooperation with a multinational partner to ReadSoft and it is one of the largest deals ever closed by ReadSoft. The software Eyes & Hands FORMS will be installed in eight different processing centers. These centers will handle up to two million tax form images per day during peak processing. Estimates indicate that up to 95% of the tax forms will be handled automatically, which will generate substantial savings in time and money. The order is worth USD 3.8 million to ReadSoft, including approximately USD 1 million in software support services. Jan Andersson, MD at ReadSoft, comments: "It is an important deal to us and it has been won in competition with all major vendors in the market space. The customer has reasons to maintain a certain level of confidentiality, but we expect to be able to disclose more information about the deal later this year." For more information contact: ReadSoft AB Jan Andersson, MD ReadSoft, or Kristina Kisthinios, Information Services Coordinator Pho: +46-42-490 21 00 E-mail: info@readsoft.com www.readsoft.com ReadSoft is a leading company in the development and sales of software for automatic data capture, which is software that automatically registers and interprets data on forms and invoices in paper or electronic format. ReadSoft is the market leader and has established offices in the most important international markets. Since its establishment in 1991, ReadSoft has evolved into a global corporation with eleven subsidiaries in several European countries, in North and South America and Australia. ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2000/09/01/20000901BIT00260/bit0001.doc http://www.bit.se/bitonline/2000/09/01/20000901BIT00260/bit0002.pdf

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ReadSoft is the worldwide market leader in the development and sales of forms processing software, that is, software for the automatic registration and interpretation of data on forms and invoices in paper or electronic format.

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