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ezBackOffice names collection industry executive David Sargent VP Business Development

BRYN MAWR, PA- November 1, 2002 - ezBackOffice, the application software company, today announced that David Sargent was named VP of Business Development. In this role, Sargent will be responsible for developing the Company's sales and growth strategies.

Sargent brings a strong sales and marketing background in the credit and collection industry to ezBackOffice. During his career, he has built and managed direct and indirect sales channels and successfully deployed marketing programs with tremendous results.

Sargent will focus on similar initiatives at ezBackOffice as we continue to expand the organization and grow the business. David is a graduate of the University of Georgia.

"With the strong growth prospects for collection systems, and our collaborative ezCash solution, David joins the Company at an opportune time to help us achieve our goals," said Paul MacDonald, ezBackOffice Chairman.

About ezCash Software

ezCash is a web-based, collaborative software application that enables you to do just what our other clients are doing --- collecting their outstanding accounts receivable faster. By sharing common knowledge about an account, your personnel can better communicate and take coordinated action to not only make collections easier, but also improve relationships with your customers. For more information, visit ezBackOffice on the web at www.ezBackOffice.com.

About ezBackOffice

ezBackOffice (www.ezbackoffice.com) is an application software and services company offering innovative web-based solutions, enabling Fortune 5000 companies to realize significant improvements in their backoffice operations. Our solutions are designed to benefit the medium-to-large size company. Our ezCash credit and collection solution empowers our clients to extract greater value from their accounts receivable operations, significantly lowering their operating expenses and accelerate their cash flow.