Hair Cuttery Selects CheckAGAIN to Reduce Bad Check Losses

Check management services leader, CheckAGAIN(SM), announced today that the Ratner Companies, LLC have chosen CheckAGAIN to provide check management services to nearly 800 Hair Cuttery Bubbles, Color Works and Easy Color salons throughout the United States. The new services will have an immediate positive impact on Ratner operations by improving check payment management processes, increasing revenue and enhancing customer service.

HAIR CUTTERY SELECTS CHECKAGAIN TO REDUCE BAD CHECK LOSSES AND EXPAND PROFITABILITY

HERNDON, Va. -- November 18, 2002 -- Check management services leader, CheckAGAIN(SM), announced today that the Ratner Companies, LLC have chosen CheckAGAIN to provide check management services to nearly 800 Hair Cuttery Bubbles, Color Works and Easy Color salons throughout the United States. The new services will have an immediate positive impact on Ratner operations by improving check payment management processes, increasing revenue and enhancing customer service.

CheckAGAINs services, combined with their helpful customer support team, surpassed any other company we researched," said Jim Horner, Vice President of Finance, Ratner Companies, LLC. In our test with CheckAGAIN, they have shown their commitment to our company and demonstrated outstanding check management capabilities. We are confident in their abilities to effectively manage returned checks across each of our brands."   

"Businesses with multiple locations find it challenging and expensive to manage check recovery," said Tim Robinson, President, CheckAGAIN. CheckAGAIN simplifies the process by integrating proven methods into a companys existing system, resulting in a positive impact to the overall bottom line."

Hair Cuttery salons will immediately take advantage of CheckAGAINs comprehensive check management and loss prevention services, including:
• Electronic Check Re-Presentment (RCK) -- uses electronic recovery methods to re-present funds directly to the consumers bank account. This process means faster recovery, resulting in 20-30% higher recovery rates and reduced bank fees. CheckAGAINs unique service verifies available funds before the second re-presentment.

• Consolidated Returns -- enables multiple locations to consolidate returned checks into one bank, even if multiple depository banks are being used. This greatly reduces bank fees and accelerates information associated with returned checks.

• Web-enabled Reporting -- allows managers to view returned items, control how they are handled, access images and status of all returned items, and export data to a variety of accounting applications. Push-reporting enables automatic emailing of customized reports.

About Ratner Companies, LLC
Ratner Companies, LLC owns and operates multiple hair salons including, Hair Cuttery, Bubbles, Colorworks, Easy Color, Salon Plaza and Salon Cielo in 13 states and the District of Columbia. The company also operates Hair Cuttery salons in the United Kingdom.

About CheckAGAIN
Established in 1998, CheckAGAIN uses innovative technology to simplify and improve the recovery process on returned checks for thousands of merchants nationwide. CheckAGAIN helps businesses increase their recovery on return checks while lowering associated transaction fees and assists consumers by significantly reducing inconveniences normally associated with resolving misunderstandings due to returned checks. For more information about CheckAGAIN, please visit www.checkagain.com or call (800)666-5222.