BancTec Opens the Book on New Multi-Vendor Services (MVS) Relationship With Tech Logic


DALLAS, August 11 /PRNewswire/ --

- Comprehensive MVS solutions for provider of library material handling
equipment to include installation, preventative maintenance and break/fix
services

BancTec, a global provider of advanced, high-volume, document and payment
processing solutions and services, continues to expand the reach of its
Multi-Vendor Services offering with an agreement to be the exclusive, North
American service provider for Tech Logic, the leader in automated check-in
and check-out solutions for libraries.

Under the agreement, BancTec will provide installation, preventative
maintenance, and break/fix services in the U.S. and Canada on Tech Logic's
entire product portfolio, including hands-free book returns, conveyor belt
delivery systems, automated book sorters, interlibrary distributions systems,
and barcode and RFID check-in and check-out systems. Tech Logic currently
serves hundreds of customers across North America. Service delivery will
begin in August.

"Tech Logic's innovative systems have revolutionized the way materials
move in libraries, and are in strong demand across North America," said Gary
Kirk, executive director, Tech Logic. "To support our growth and enhance our
ability to provide customers with the highest level of expertise and
responsiveness, we sought a partner with strong technical skills and
extensive national footprint to be our exclusive service partner. BancTec's
ability to quickly understand our business, train its technicians on our
systems, and provide the broad coverage we need, will further differentiate
us in the market and support our aggressive growth plans."

"Tech Logic's advanced automated material handling systems, self-checkout
stations and RFID products are changing the way libraries manage their
operations," said Terry Holash, vice president, Americas Multi-Vendor
Services, BancTec. "BancTec's service team is particularly well-suited to
handle the complexity of these systems and ensure that they are installed and
maintained properly. We look forward to providing service for Tech Logic
throughout North America, and enabling their engineers to focus on designing
the next generation of advanced library solutions."

About Tech Logic

Founded in 1997, Tech Logic exclusively serves libraries, transforming
the tedium associated with material handling and patron self-service into
streamlined, cost-effective processes. The processes, which utilize patented,
intelligent machinery and RFID capabilities, enable library staff to focus on
library work, not library labor. Specific products provided by Tech Logic
include book drops, belt conveyor delivery systems, inter-library
distribution systems, standalone and free-standing patron reserve systems,
and barcode and RFID check-in and check-out systems.

About BancTec

BancTec helps clients around the world simplify the process of managing
their information. Founded in 1972, the company provides a wide range of
solutions for automating complex, high-volume and data-intensive business
processes for clients in the financial services, healthcare, manufacturing,
government, services and utilities industries. BancTec's offerings include
business solutions, business process outsourcing, and infrastructure
services. With headquarters in Dallas, BancTec serves clients in 50
countries. For more information on how BancTec can help you optimize
information management, visit www.banctec.com or call +1-800-BANCTEC.

Forward-Looking Statements

All statements in this press release that do not directly and exclusively
relate to historical facts are "forward-looking statements" describing
BancTec's objectives, targets, plans, strategies, costs, anticipated capital
expenditures and expected cost savings. These statements represent BancTec's
intentions, plans, expectations and beliefs, and are subject to risks,
uncertainties and other factors, many of which are outside the Company's
control. These factors could cause actual results to differ materially from
such forward-looking statements. For a written description of these factors,
see the section titled "Risk Factors" in the Company's Registration Statement
on Form S-1, as amended, initially filed with the Securities and Exchange
Commission on August 8, 2007. The Company disclaims any intention or
obligation to update these forward-looking statements whether as a result of
subsequent events or otherwise except as required by law.

© PR Newswire Association LLC.

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