OCR for Forms First of its Kind to Deliver Structured And Unstructured Forms Processing Support

New Company and Product Names Reflect Focus on Handling Any Type Document

TAMPA, Fla -- Microsystems Technology, developer of the industry-leading OCR for Forms, announces a new corporate name, AnyDoc Software, Inc. and an expanded focus on flexible solutions designed to capture data from any type of document and form. The companys award-winning software OCR for Forms is now known as OCR for AnyDoc, which more accurately describes its ability to process structured as well as unstructured documents. Customers can now purchase a single product to solve multiple data capture problems.

Furthermore, OCR for AnyDoc creates a platform for custom solutions that address the document processing needs of vertical markets. The first application solutions available include:

·   AnyDocINVOICE, used by companies to greatly reduce the time required for processing the high volume of accounts payable invoices received each day.

·   AnyDocEOB, used by health care providers to automate the processing of lengthy and hard-to-read Explanation of Benefits, ensuring proper payment.

Additional industry-specific modules are anticipated for release in 2003.

For over a decade, OCR for Forms -- now OCR for AnyDoc -- has been the de facto standard for structured forms processing," said Charles W. Jackson, president and CEO of AnyDoc Software. The addition of unstructured processing and new vertical application solutions expands our reach and greatly enhances the value of our core technology. OCR for AnyDoc extends our leadership to the high-growth unstructured forms processing market."

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OCR for AnyDoc delivers leading-edge recognition technology with character-reading accuracy that often exceeds 99 percent. Users benefit from enhanced workplace productivity, faster document handling, reduced errors compared to manual data entry, and overall lower processing costs. The software is the choice of 2,000 organizations worldwide, including such well-known names as Wells Fargo, U.S. Census Bureau, Simplicity Pattern, U.S. Airways, and Blue Cross and Blue Shield of South Carolina.

OCR for AnyDoc has traditionally handled structured forms, such as order forms, time sheets and surveys. Such items have a uniform format so data is located in the same place each time. By comparison, unstructured forms look different from one another -- such as invoices a company receives daily from multiple vendors. Products that perform unstructured processing must have capabilities to find and extract desired data, wherever it is located on the page.

OCR for AnyDocs unstructured solutions (AnyDocINVOICE and AnyDocEOB) do not require time-consuming template creation to assist in finding data. Instead, they use keywords, filters and other proven methods to locate needed information.

AnyDoc Software continues to deliver the full line of products developed and sold under the Microsystems Technology banner, enabling complete solutions for document and data capture and management.

AnyDoc Software, Inc. offers innovative document and data capture solutions that have been the industry standard since 1989. Thousands of companies worldwide regularly rely on its software to eliminate millions of man-hours of manual data entry while improving data accuracy and productivity. AnyDoc Software provides the full spectrum of information-capture solutions from form design to document capture to data extraction, to document storage and retrieval. In addition to its products OCR for AnyDoc, CAPTUREit, BROKERit, and DESIGNit, AnyDoc Software also offers complete solutions for the accounts payable and healthcare markets. To learn more, visit the companys web site at www.AnyDocSoftware.com.

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