Harbor Payments again named to Deloitte’s 2006 Technology Fast 500 ranking of the fastest growing companies in North America

Harbor Payments Attributes its 712 Percent Revenue Growth to the Focus and Dedication of its Team and Strategic Channel Partners

ATLANTA – October 19, 2006 – Harbor Payments, the leading provider of next-generation electronic billing, invoicing and payments management solutions, today announced that it ranked Number 223 on Deloitte’s 2006 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on percentage revenue growth over five years, from 2001–2005. Harbor Payments grew 712 percent during this period.

Harbor Payments CEO Ashish K. Bahl credits the dedication and focus of Harbor Payments’ team and strategic partners with the company’s stellar five-year revenue growth. “Harbor Payments is fortunate to work side-by-side with some of the world’s most respected and recognizable companies to seamlessly deliver real value and significant return on investment to our loyal and growing base of Fortune 1000 clients,” said Bahl.

“To be successful in today’s increasingly competitive landscape, companies have to be better, smarter, and more innovative than in the past, and the Technology Fast 500 companies are doing exactly that,” said Tony Kern, deputy managing principal of Deloitte’s Technology, Media & Telecommunications industry practice. “We applaud Harbor Payments for being among the fastest growing companies in North America.”

In addition to ranking on Deloitte’s Technology Fast 500, Harbor Payments ranked No. 10 on the Georgia Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in Georgia.

Harbor Payments previously ranked No. 1 on the Georgia Technology Fast 50 list for 2005 and No. 23 on the Deloitte Fast 500, with a five-year average revenue growth of 12,994 percent. Overall, companies that ranked on the 2006 Technology Fast 500 had growth rates ranging from 210 to 48,948 percent over five years, with an average growth rate of 2,147 percent.

The Fast 500 ranks the fastest growing technology, media, telecommunications and life sciences companies in North America. It is compiled from Deloitte’s 16 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. Companies are selected based on percentage revenue growth from 2001 to 2005.

Entrants must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues or devote a significant proportion of revenues to research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify. Base-year operating revenues must be at least $50,000 USD or $75,000 CD, and current-year operating revenues must be at least $5 million USD or CD. Companies must be in business a minimum of five years, and they must be headquartered within North America.

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About Harbor Payments
Harbor Payments is the leading provider of outsourced electronic invoicing, billing and disbursement solutions for the Global 1000. The company’s products, services and insight enable organizations to manage cash flow more effectively by efficiently sending and receiving invoices, making and collecting payments, and managing all associated internal workflows. While transforming and streamlining the client organization’s operational and financial processes, Harbor Payments products and services adapt to and complement each client’s existing information systems and accounting applications. Harbor Payments solutions are marketed under the brands of Invoice Harbor, Billing Harbor and Payment Harbor.
For more information, please visit the company’s web site at www.harborpayments.com