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FOLIO EXCHANGE ANNOUNCES PARTNERSHIP WITH APPLE VACATIONS

Folio Exchange will be partnering with Apple Vacations, a leading Tour Operator.

Palos Verdes, Calif., January 30, 2009 – Folio Exchange, the world leader in back-office hospitality billing solutions, is pleased to announce it's partnership with Apple Vacations, a innovative and leading tour operator in North America.

In a joint statement issued late last year Julia Davidson, Chief Financial Officer and Mike LaPointe, Vice President Product Development of Apple Vacations shared, "The Finance and Product Departments of Apple Vacations are pleased to jointly announce and recommend a paperless e-billing solution to our hotel partners. Our chosen partner is Folio Exchange. 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."

Apple Vacations has already 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 from start to finish.

Joe Bollinger, President of Folio Exchange says, "We are extremely excited to work with Apple Vacations and to bring a new level of technology to the back office area of the hospitality industry. It is our goal to ensure this partnership delivers improved technology, service and efficiency to the Accounting Departments of many resort destinations around the globe. Apple Vacations is an industry pioneer, and we are grateful for their leadership in seeking to improve business processes. The entire hospitality industry stands to benefit as we use our proprietary technology to create new industry standards for back-office cost savings and efficiency." Our first joint area of focus will be the Caribbean and Mexico markets, where Apple Vacations is consistently recognized as an industry leader. Folio Exchange and Apple Vacations have already initiated their marketing efforts, focusing on the leading hotels chains and all-inclusive resorts in Cancun, the Riviera Maya, the Bahamas, Jamaica and more.

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.