Press Release

Montreal, Qc. – September 16, 2010

CashonTime is pleased to announce a major player in the pulp and paper industry has chosen its software solution to manage the collections of its accounts receivable

The head office of a major North American pulp and paper Company has chosen the powerful and innovative collections software CashOnTime to optimise its cash flow position and to increase their collector’s productivity. This state of the art collections software solution was designed to shorten companies DSO, automate and prioritize collections tasks. It also provides real time reports and advanced Key performance indicators. This enables CFO’s and V.P. Finance with the power to monitor and adjust instantly collections strategies to their general financial needs.

Following a rigorous evaluation process, CashOnTime was selected not only because of the numerous benefits it offers the Company but also due to its ability to interface with the ERP system already in place, its simplicity to deploy and its ease of use. "Our solution delivers all of its potential in big operations like this one. It offers unique features, is highly compatible with most major ERP systems. This is most likely what made the difference. We are very pleased to have gained the trust of a major player in this industry." 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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