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Equilease Contracts OSG Billing Services For Direct Billing
~Top Leasing Company Realizes Increased Security and Greater Efficiency by Outsourcing Invoice Production~

ENGLEWOOD, NJ , February 5 2008 - OSG Billing Services today announced an agreement to manage invoice presentment and distribution services for Equilease Financial Services, Inc., a full-service leasing company that finances industrial and commercial equipment for vendors, manufacturers and end-users.

Due to the company’s rapid growth rate, Equilease is now outsourcing its invoice production to OSG Billing Services to improve print and mail efficiencies, reduce postage costs and gain increased security over client data.

Equilease will increase their promotional efforts through the invoice by utilizing selective inserts and OSG Envelope MessagingSM. By creating customized messaging and targeted marketing campaigns, the company can be better able to offer promotions that will generate additional revenue.

Additionally, Equilease will take advantage of OSG Dynamic MessagingSM, an online application that uses simple word processing commands to create messages with graphics or photographs on the front page of the invoice. This will further provide them with advanced communications and marketing opportunities.

"We at Equilease are excited with our new relationship, and believe this will allow us to more effectively communicate with our customers," said Joseph O’Beirn, assistant vice president of operations of Equilease. "We are confident that OSG Billing has the resources and knowledge to enhance the growth of our portfolios."

"We are very proud to be working with Equilease," said Ron Whaley, vice president of sales and marketing of OSG Billing Services. "Their new invoice will go a long way in helping the company to realize faster turn-around time and better cash flow, as well as giving them the freedom to focus on what they do best."

About Equilease Financial Services
Equilease is a full-service leasing company that finances industrial and commercial equipment for vendors, manufacturers and end-users.

The company serves a broad spectrum of capital intensive industries, including: Transportation, General Construction, Road Construction, Manufacturing, Waste Management, Plastics, Packaging and Printing. For more information, see www.eqfsdirect.com.

About OSG Billing Services
OSG Billing Services provides fast, accurate and dependable invoice presentment and distribution services. As a trusted partner, we advise customers on direct billing strategies to improve the overall quality of the invoice and increase customer satisfaction. With a proven process for invoice design, set-up and production, we can get invoices into the consumers hands quickly and error-free. We guarantee it.

The services we offer include: invoice consultation and design, error-free print and mail, targeted marketing programs, an automated document factory, online invoice management and electronic bill presentment and payment. These capabilities have made OSG Billing Services an award-winning direct billing provider. Visit www.osgbilling.com or call 1-888-EASY BILL.

Contact:
Mark Pappas
Media Relations
OSG Billing Services
Tel: 201-871-1100, ext. 250
Fax: 678-623-8283
Email: Mpappas@osgbilling.com

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