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EASYE Easylink Services (MM)

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Share Name Share Symbol Market Type
Easylink Services (MM) NASDAQ:EASYE NASDAQ Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
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Cedar Mortgage Selects EasyLink for Paperless Faxing

13/10/2005 12:30pm

Business Wire


Easylink Services (NASDAQ:EASYE)
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EasyLink Services Corporation, (NASDAQ: EASYE), a leading global provider of outsourced business process automation services that transform manual and paper-based business processes into electronic business processes, today announced that Cedar Mortgage Corporation has selected EasyLink's FaxMail Gold Service to eliminate fax machines within their company along with the manual business processes associated with sending and receiving loan documents as paper. Cedar Mortgage is a licensed mortgage broker in Maryland and Washington DC, providing a wide range of residential real estate financing options in these fast-growing housing markets. Prior to selecting EasyLink, the Cedar Mortgage team relied heavily on traditional faxing to process a variety of documents including mortgage applications and supporting documents, as well as interest rate information sheets. They were looking for a more cost-effective and efficient method of processing documents and communicating with customers and staff that would not demand deep investment of capital in hardware or software as well as technology management. EasyLink has extensive experience helping companies in the mortgage business automate key business processes. Cedar Mortgage has incorporated EasyLink's FaxMail Gold Service into its corporate infrastructure, eliminating fax machines as well as the need to invest in fax servers. By choosing EasyLink's solution, Cedar Mortgage has experienced improved efficiency and productivity while reducing costs of hardware maintenance, supplies and requirements demanded by traditional faxing. The company can now send and receive faxed documents as e-mails and complete the processing of numerous forms and important communications without spending the time and manual labor that was previously required to do it. Keith Thompson, Comptroller of Cedar Mortgage commented: "FaxMail Gold was easy and cost-effective for us to deploy throughout our business. It provided immediate access to a digital workflow, helping us reduce our cycle times, as well as our costs." "The goal of attaining a 'paperless' office and reducing the reliance on faxes has proved elusive for many businesses due to internal business processes and limits on capital spending," said Bill Fallon, VP Marketing at EasyLink. "EasyLink's FaxMail Gold Service empowers businesses to upgrade and advance their operations without demanding the deep technological expertise or capital to do it." EasyLink's FaxMail Gold (http://www.easylink.com/faxmail/index.cfm) Service enable users to send or receive transactions as faxes directly from their desktop workstations. Traditional faxing burdens businesses with a highly inefficient workflow, which involves needlessly printing documents just to fax them and consumes employee time. EasyLink has estimated the total cost of faxing a two-page document domestically exceeds two dollars when all of these costs are taken into account. EasyLink's solutions reduce these costs up to 90 percent. FaxMail Gold (http://www.easylink.com/faxmail/index.cfm) requires no additional hardware or software to deploy or manage and eliminates the hard dollar costs of fax machines including their cost of acquisition, maintenance, monthly dedicated telephone line charges, paper, and toner. To send a fax, users simply address an e-mail message, including attachments, addressed to the intended recipient's fax number @faxmail.com. Receiving faxes is as easy as clicking on an e-mail attachment containing the fax. Each customer receives a personal toll-free or local fax number to which faxes are sent and transformed into an e-mail attachment delivered by EasyLink to the user's e-mail address. For more information or to order FaxMail Gold, call 800-624-5266 or visit www.easylink.com/faxmail. About EasyLink Services Corporation: EasyLink Services Corporation (NASDAQ: EASYE), headquartered in Piscataway, New Jersey, is a leading global provider of outsourced business process automation services that enable medium and large enterprises, including 60 of the Fortune 100, to improve productivity and competitiveness by transforming manual and paper-based business processes into efficient electronic business processes. EasyLink is integral to the movement of information, money, materials, products, and people in the global economy, dramatically improving the flow of data and documents for mission-critical business processes such as client communications via invoices, statements and confirmations, insurance claims, purchasing, shipping and payments. Driven by the discipline of Six Sigma Quality, EasyLink helps companies become more competitive by providing the most secure, efficient, reliable, and flexible means of conducting business electronically. For more information, please visit www.EasyLink.com. This news release may contain statements of a forward-looking nature relating to the future events or the future financial results of EasyLink. Investors are cautioned that such statements are only predictions and those actual events or results may differ materially. In evaluating such statements, investors should specifically consider the various factors which could cause actual events or results to differ materially from those indicated from such forward-looking statements, including the matters set forth in the Company's reports and documents filed from time to time with the Securities and Exchange Commission.

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