Regulus Executive Celebrates 10^th Anniversary as University of North Carolina Treasury Management Series Faculty Member

Napa, CA –- Nov 4, 2007 – Regulus, the nation’s largest independent provider of paper and electronic bill presentment and remittance processing solutions, today announced that Business Development Executive Paul Diegelman is celebrating his 10-year anniversary as a faculty member of the University of North Carolina Treasury Management Series.

Mr. Diegelman commemorates his first decade with a presentation today at the UNC Kenan-Flagler Business School in Chapel Hill, N.C., where he will address Business-to-Business Electronic Payments and how payment alternatives such as electronic data interchange (EDI), purchasing cards and automated clearing house (ACH) capabilities can be used for corporate payments. The semi-annual seminar series begins its second 2007 session today.

For more than 30 years, the UNC Treasury Management Program has set the standard for professional development among treasury and cash management executives. Featuring a dual-track curriculum that targets the needs of newcomers as well as experienced treasury veterans, the program boasts more than 10,000 alumni.

“Paul has been an invaluable resource and friend to the UNC Treasury Management Series over the past 10 years,” said Richard Richardson, Senior Vice President at Phoenix-Hecht, the organization that oversees the event. “He has collaborated with well over 1,000 finance and treasury executives and has consistently been one of our highest-rated faculty members. Paul’s industry and financial expertise, understanding of advanced payment technologies and real world experience with changing billing and payment techniques make him a unique contributor.”

Mr. Diegelman has been with Regulus for three years. He is responsible for new client development and other industry activities which support the company’s growth in a range of vertical markets, including utilities, financial services, telecommunications and healthcare. Prior to joining Regulus, Mr. Diegelman was a Vice President at Mellon Global Cash Management, a financial analyst at Baltimore Gas and Electric Company and a senior consultant at Arthur Andersen & Co.

Regulus’ flagship product is the Transactions² (T²) suite of products and services. T² provides companies with greater control and visibility over their entire billing and remittance processes, creating value at every stage of the transaction lifecycle by increasing access to valuable data and combining traditional paper with state of the art electronic services. With one in three FORTUNE 50 companies using Regulus’ services, the company has a significant industry leadership presence. It now stores and receives more than two billion images annually, processing more than two billion transactions each year and nearly $32 per month of the recurring bills in every American household.

ABOUT KENAN-FLAGLER BUSINESS SCHOOL

The University of North Carolina-Chapel Hill’s Kenan-Flagler Business School is one of the oldest business schools in the country. Since 1919, it has produced more than 22,000 graduates. The school is nationally noted for the quality of its degree programs, its teaching excellence, and the pertinence of its research.

UNC Executive Development has designed and delivered executive development programs to a diversified clientele with excellent results for over fifty years. Over the years, Executive Development at UNC has ranked in the top 15 by national and international business publications and is consistently among the very best in terms of those criteria focused on results.

The Wall Street Journal, Financial Times and Business Week survey participants have rated the programs among the best in the world for bottom-line impact, preparing executives for leadership, enhancing their personal skills, career potential and participant payback, as well as customer satisfaction and perceived value. http://www.kenan-flagler.unc.edu.

ABOUT PHOENIX-HECHT

Phoenix-Hecht is the nation’s largest and most prestigious research and educational firm specializing in the field of treasury management. Since 1968 Phoenix-Hecht has provided the financial marketplace with precisely focused information and innovative analytical products derived from its extensive information databases on the treasury management practices of U.S. corporations. Three of Phoenix-Hecht’s products set the standards for treasury management providers: Quality Index™ - a comparative analysis of customer satisfaction; The Postal Survey™ - processing performance measures of lockbox remittance processors; and The Clearing Study™ - check clearing time data for all major controlled disbursement banks. http://www.PhoenixHecht.com.

ABOUT REGULUS

Founded in 1995, Regulus is the largest independent payment processor in the United States, servicing nearly two billion paper and electronic transactions every year for Fortune 500 customers. Regulus delivers an end-to-end solution, starting from release of the customer’s billing file for invoicing, through the posting of the associated paper or electronic payment, to support of customer care and collections. By leveraging data from the total payment cycle, Regulus is able to offer value-added services that provide measurable process efficiencies. The company is headquartered in Napa, California, and has offices nationwide. For more information, visit the company’s web site at www.regulusgroup.com.