BancTec Announces Update to Timing of Proposed IPO

Dallas (ots/PRNewswire) - BancTec, Inc.
(http://www.banctec.com/), a global provider of advanced, high volume
document and payment processing solutions and services, today
announced that it plans to file the next amendment to its
registration statement with the U.S. Securities and Exchange
Commission for the previously announced proposed initial public
offering of up to US$50 million of its common stock in March, 2010,
subject to market conditions. The filing will include its audited
year-end financial results.

A registration statement relating to BancTec's common stock has
been filed with the Securities and Exchange Commission but has not
yet become effective. BancTec's common stock may not be sold nor may
offers to buy be accepted prior to the time the registration
statement becomes effective absent registration or an applicable
exemption from registration requirements. This release does not
constitute an offer to sell or the solicitation of an offer to buy
any shares of common stock, and shall not constitute an offer,
solicitation or sale in any jurisdiction in which such offer,
solicitation or sale is unlawful.

About BancTec

We provide payment processing and document and content processing
services and solutions, helping our clients automate their businesses
and optimize their management of information. We offer our clients
business process outsourcing ("BPO") services and in-house business
solutions, including software and hardware products and professional
services and maintenance. Our offerings are built around proprietary
technology and industry knowledge that we have developed during three
decades of working closely with our clients. We serve over 1,600
clients with operations in 55 countries and compete in industries
including banking, insurance, government, healthcare, utilities,
telecommunications and transportation and logistics.

Forward-Looking Statements All statements in this press release
that do not directly and exclusively relate to historical facts are
"forward-looking statements" describing BancTec's objectives,
targets, plans, strategies, costs, anticipated capital expenditures
and expected cost savings. These statements represent BancTec's
intentions, plans, expectations and beliefs, and are subject to
risks, uncertainties and other factors, many of which are outside the
Company's control. These factors could cause actual results to differ
materially from such forward-looking statements. For a written
description of these factors, see the section titled "Risk Factors"
in the Company's Registration Statement on Form S-1, as amended,
initially filed with the Securities and Exchange Commission on August
8, 2007. The Company disclaims any intention or obligation to update
these forward-looking statements whether as a result of subsequent
events or otherwise except as required by law.

ots Originaltext: BancTec, Inc.
Im Internet recherchierbar: http://www.presseportal.de

Contact:
CONTACT: Mike Meador of BancTec, Inc.,
+1-972-821-4000,mike.meador@banctec.com