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Folio Exchange hits the 7 Billion Mark. Folio Exchange completed another successful year processing over $7 billion in invoices and payments. Clients save thousands of dollars and FE continues to set the bar for complete back-office automation.

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FOLIO EXCHANGE BRINGS APPLE VACATIONS ON BOARD

Folio Exchange welcomes new client Apple Vacations, Subsidiary of K&C Data Services.

Denver, Colorado - January 1, 2008 - Folio Exchange, the world leader in back-office hospitality billing solutions, is pleased to announce the addition of Apple Vacations to their expanding list of resort clients, now expanding to the Eastern Seaboard in North America.

Apple Vacations is consistently voted the #1 Reader's Choice for travel to the Mexico and Caribbean, and is a leading tour operator across North America with over 2000 employees and a strong commitment to innovation and service quality. "We are pleased to partner with a client of Apple Vacation's size and reputation and delighted to work with them to automate their back office billing procedures ensuring smoother transactions between all their trading partners," says Principal Joe Bollinger.

"Folio Exchange has worked closely with us at every stage, from product analysis and development, through our beta go-live and now our roll-out with several chains we work closely with. They have developed a solution which we feel is unique in addressing the needs of both the hotel and tour operator for a paperless invoicing and reconciliation process." stated Julia Davidson, CFO for Apple Vacations from their Philadelphia headquarters.

Folio Exchange will work with Apple Vacations accounting systems to provide a secure and electronic interface with all their major trading partners. Folio Exchange created this technology that is setting new industry standards for communication and processing. Their goal to eliminate paper and provide significant cost and labor savings to Apple Vacations and the hospitality industry as a whole.

Says Mike LaPointe, Vice President of Product Development at Apple Vacations, "We have implemented the Folio Exchange process with some of the major hotel chains in Hawaii. These hotel partners find it extremely easy to upload invoices to Folio's website for secure folio matching. The same website offers state-of-the art on-line dispute resolution and automatic payment procedures. This has resulted in the hotels realizing savings associated with streamlining the invoicing process: it's free of paper, faxes and mailing and delivery costs! It eliminates follow-up spreadsheets and expensive calls, while significantly speeding the dispute resolution process on-line."

Apple Vacations will go live with Folio Exchange services on February 2, 2008. Folio Exchange welcomes Apple Vacations on board and looks forward to working with them to improve industry practices in their dominant markets, including Mexico and the Caribbean.

About Apple Vacations:
Apple Vacations is a company of almost 2,000 energetic, hardworking employees with the same entrepreneurial attitudes as our founders. Headquartered just outside Philadelphia with regional offices in Chicago, San Jose, and Boston, the company is completely focused on providing quality vacations and the ultimate "beginning-to-end" vacation experience for customers.
Additional information is available at AppleVacations.com.

About Folio Exchange:
Folio Exchange is the world leader in full-cycle back office billing solutions. Headquartered in Southern California, their complete "Start to Finish" solution offers paperless invoicing, streamlined dispute resolution, electronic audit trails and automated cash application. Folio Exchange delivers to their customer an effortless billing solution.
Additional information about Folio Exchange is available at FolioExchange.com.