Precept Business Services, Inc. Announces Launch of Its PreceptOnline Internet-Based Electronic Forms and Order Management System.

DALLAS--(BUSINESS WIRE)--June 7, 1999--

Precept Business Services, Inc. (NASDAQ: PBSI), one of the nation's largest single-source providers of multifaceted corporate services, today announced the formal launch of PreceptOnline, a fully integrated Internet-based electronic forms and order management system designed to efficiently control the order processing, inventory fulfillment and information flow requirements of corporations and other organizations.

"We listened carefully to our customers when PreceptOnline was being developed," commented Doug Deason, President of Precept Business Services, Inc. "Our original intention was to create an electronic forms system that in some instances would allow our customers to eliminate the use of paper in the workplace. While this is an important feature of PreceptOnline, our customers' requirements for electronic cataloging and a multi-user interface led us to develop a much more sophisticated and efficient system."

"PreceptOnline allows us to harness the efficiency of the Internet so that our customers can reduce costs, improve efficiencies, and manage their product ordering and inventory processing on a real-time basis. The PreceptOnline custom web site will be particularly valuable to organizations with multiple locations which would prefer to use the Internet rather than costly corporate headquarters personnel as a means for central order processing."

The site will enable customers to access a secure online product catalog customized to the specific needs of their organizations, and from the site take advantage of intelligent forms processing (fill and print), print on demand, order processing, inventory management and many other features which will allow them to operate within a completely controlled environment. The system is modular in design, which enables it to communicate with Precept's database in a number of ways, as well as with customers' databases, if needed. "One of the unique features of the web site is its ability to serve as an interface with suppliers of products not sold by Precept," continued Deason. "We are actually providing customers with a system that should optimize the overall process and control functions of their purchasing departments."

"We currently have several customers on-line with this new service including Bristol Hotels, and we expect to add several more in the near future. Customers which will soon be using PreceptOnline include Affiliated Computer Services and Neiman-Marcus Group. We currently expect over $7 million in orders to flow through the PreceptOnline system during the next twelve months," concluded Deason.

While the initial deployment of PreceptOnline will focus upon the Company's existing customers, management is investigating opportunities to license PreceptOnline's system technology in other industries which could benefit from better control of multiple-site ordering, inventory management and electronic forms requirements.

Precept Business Services, Inc. is one of the nations largest single source providers of multifaceted corporate services. Its subsidiary, Precept Business Products, is the nation's largest nationwide independent distributor of printed business products, document management services, and related products and services. A second subsidiary, Precept Transportation Services, LLC, is a leading provider of corporate town car and limousine services in Texas, New York, New Jersey, Connecticut, Ohio and Michigan. Recent acquisitions have diversified the Company's revenue base and positioned Precept as a consolidator within the $60 billion business products and document management services industry, and the $4 billion town car and limousine segment of the corporate transportation industry. The Company is headquartered in Dallas, Texas, and its common stock is traded on NASDAQ under the symbol "PBSI".

This press release includes statements which may constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect" or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, continued acceptance of the Company's products in the marketplace, competitive factors, dependence upon third-party vendors, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.