Press Release

Montreal, Qc. – August 13, 2010

CashonTime is pleased to announce a major industrial equipment manufacturer of has chosen its software Solution to manage the collections of its accounts receivable

CashOnTime Solution has been chosen to become the automated collection system of an important industrial equipment manufacturer. Having over 10 collectors covering North American Operations for their 3 Divisions, the Company was so impressed with CashOnTime features and benefits and its simplicity of deployment it decided to optimise the efficiently of its collections team with our solution.

Within these divisions there are 3 different ERP Systems ( SAP,Lawson,Baan) who’s accounting data will be consolidated into Cash On Time to provide their collectors a single consolidated view . "Our solution is highly efficient in multi-location operations like this and we are proud to help." Says Michel Vincent, CEO of CashOnTime.

To learn more or to organize an interview with Michel Vincent please contact:

Marc Levasseur, Communications Manager 514-905-1COT local 222

mlevasseur@cashontime.com

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