Harbor Payments Achieves 240th Place in the Inc.500

Atlanta, GA, October 24, 2005 – Harbor Payments, Inc., the leading provider of next generation electronic invoicing, billing and payment solutions, achieved 240th place in the Inc.500, Inc. magazine’s renowned annual ranking of the fastest growing privately held businesses in the United States. Harbor Payments also ranked 21st in Deloitte’s Technology Fast 500, a ranking of the fastest growing technology companies in the United States based on percentage of fiscal year revenue growth over five years (2000–2004). In the same ranking, Harbor Payments was 1st in Georgia, an achievement that was announced two weeks ago.

According to Inc. magazine, widely recognized as the “small business bible,” over 500,000 businesses compete for inclusion in the Inc.500 list each year, and the winners are truly the turbo-charged enterprises that are the pulse of the real economy. They are fast growing success stories that cross a wide range of sectors from consumer products, financial services, and retail, to high-tech hotbeds such as software, computer hardware and telecom. Microsoft, Timberland, Oracle, The Sharper Image, E*Trade, and Domino’s Pizza are just a few of the corporate superstars that have graced the Inc.500 list.

“I am honored for this nation-wide recognition in the small business community, and I can testify that having built this business from the ground up has been very challenging. The technology market has been relatively slow, and incumbent competition has been fiercely guarding their market share,” declares Ashish Bahl, founder and CEO of Harbor Payments. “Our goal is to solidify our position as the recognized market leader in our sector, and I feel confident that we have what it takes to continue our tremendous success,” he continues.

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About Harbor Payments
Harbor Payments is a leading corporate payments’ management company focused on electronic outsourced invoicing, billing, and disbursement solutions for the Global 1000. The products and services enable organizations to more effectively send and receive invoices, make and collect payments, and manage all associated internal workflows. While transforming and streamlining the client organization’s operational and financial processes, Harbor Payments products and services complement the client’s existing information systems and accounting applications. To help its clients receive the maximum value for its products and services, Harbor Payments also provides professional services for implementation, training, and product enhancement.

Solutions of the Company are marketed under the brands of Invoice Harbor, Billing Harbor and Payments Harbor. Harbor Payments, which was formed in 2000, is headquartered in Atlanta and employs approximately 200 people.

For more information, please visit the company’s web site at www.harborpayments.com