The Oldest U.S. Stock Transfer Company Automates Archive System with Captaris Alchemy

Registrar and Transfer Company Enables Instant Access to Archived Data and Improves SEC Compliance Process

Bellevue, Wash. — August 8, 2006 — Captaris, Inc. (NASDAQ: CAPA), a leading provider of software products that automate document-centric business processes, today announced Registrar and Transfer Company, the oldest U.S. stock transfer specialist, is using Captaris Alchemy® Document Management to archive and retrieve documents and emails related to stock transactions. After deploying Alchemy within only six weeks, Registrar & Transfer (R&T) now processes transactions faster and at lower cost, retrieves files instantaneously instead of a 24 hour delay, and has improved its archiving process for SEC compliance.

R&T handles high-volume corporate stock transfers—with as many as 100,000 documents per project—and needed an efficient and scalable document management solution. The company uses OCR for AnyDoc and document scanners to capture the paper documents directly into the Alchemy digital repository where they are automatically indexed and data is posted to the mainframe. As a result, R&T no longer has to hire temporary workers to perform manual data entry from paper. In addition, employees can now retrieve archived documents almost instantaneously instead of waiting up to 24 hours. The use of Alchemy has significantly reduced exposure to liability or potential financial loss due to error—a result Wade said could account for full return on investment (ROI) on its own: “The potential exposure that existed with our old system was so great that if there were ever a problem, our costs would have been many times higher than the investment we made in Alchemy.”

Prior to installing Alchemy, R&T investigated other storage and archival products. “I wasn’t pleased with other solutions; they don’t offer the same flexibility for arranging archives or indexing databases, and they still required an awful lot of manual intervention,” said Lynwood Wade, vice president of Information Systems for R&T. Built on a modular design, Alchemy provides R&T with a variety of integrated tools to build out their solution as needed. For example, to meet SEC requirements for storage of electronic correspondence R&T installed the Exchange Archive Link for Alchemy module to capture emails from its Microsoft Exchange server into the Alchemy repositories. According to Wade, Alchemy will provide excellent recovery for deleted files as well an audit trail for ensuring appropriate email use. The company also plans to provide online file access to employees and clients via the Alchemy Web Server. Wade estimates up to 600 users will eventually use the Web Server to access up-to-the-minute reports. He also plans to expand the use of Alchemy to track initiation of new accounts, archive cancelled stock and record all shareholder correspondence.

R&T worked with Captaris partner CPT Intelligent Technologies, Inc., to install their Alchemy and OCR for AnyDoc system. Headquartered in Flemington, New Jersey, CPT specializes in implementing imaging and document management solutions and has provided such solutions for business and industry since 1957. For more information, visit www.cptinfo.com.

About Captaris, Inc.
Captaris, Inc. is a leading provider of software products that automate business processes, manage documents electronically and provide efficient information delivery. Our product suite of Captaris RightFax, Captaris Workflow and Captaris Alchemy Document Management is distributed through a global network of leading technology partners. We have customers in financial services, healthcare, government and many other industries, and our products are installed in all of the Fortune 100 and many Global 2000 companies. Headquartered in Bellevue, Washington, Captaris was founded in 1982 and is publicly traded on the NASDAQ National Market under the symbol CAPA. For more information please visit www.Captaris.com.

The following are registered trademarks and trademarks of Captaris: Captaris, Alchemy, RightFax, Captaris Document Management, Captaris Interchange and Captaris Workflow. All other brand names and trademarks are the property of their respective owners.