Village EDOCS Completes Acquisition of Questys Solutions

* Reuters is not responsible for the content in this press release.

Tue Aug 5, 2008 8:30am EDT

  SANTA ANA, CA, Aug 05 (MARKET WIRE) -- 
VillageEDOCS, Inc. (OTCBB: VEDO), a Solution as a Service (SaaS) company,
announced today that it has successfully closed the acquisition of
Decision Management Company, Inc., DBA Questys Solutions, a privately
held document/content management and automated data capture software
developer based in Mission Viejo, CA. The acquisition, effective August
1, 2008, provides a critical document management component to the
VillageEDOCS suite of outsourced business solutions.

    VillageEDOCS purchased Questys for 22 million shares of its restricted
common stock and $1.2 million in cash, with $300,000 paid at closing and
the balance to be paid in annual installments of $300,000 each over three
years. In the twelve month period ended December 31, 2007, Questys
Solutions generated positive cash flow on revenue of $3.14 million.

    "Questys Solutions brings capabilities that our clients have been
requesting. Its offerings provide the glue that binds our suite of
offerings together, enabling us to rapidly bring new and innovative
solutions to the market, and its off shore development capability provides
a great economic advantage as well," stated Mason Conner, President and
Chief Executive Officer of VillageEDOCS. "Adding Questsy Solutions'
state-of-the-art Business Process Workflow capability to our suite of
offerings will allow us to expand into our current clients and accelerate
our sales to new clients. Combined, we will have more than 1,400 clients,"
Mr. Conner added.

    Andre Pavlovic, President and Chief Executive Officer of Questys
Solutions, stated, "All of us at Questys Solutions are excited to become
a part of the VillageEDOCS family. The Questys/VillageEDOCS integrated
lineup of offerings will provide our existing and prospective customers
with end-to-end content capture, management, routing, and delivery
solutions.  Together, we will provide increased value to our customers by
maintaining our focus on product innovation and superior customer
service."

    Mr. Pavlovic will join VillageEDOCS as Senior Vice President of Product
Planning. Presently, Mr. Pavlovic maintains operational responsibilities
at Questys, and will work at the business operational level with each of
the Company's component companies to rapidly bring the Questys offerings
to VillageEDOCS' combined client bases and bring innovative offerings to
the market.

    Each one of VillageEDOCS product lines will benefit from the addition of
Questys Solutions offerings. GoSolutions' Unified Communication clients
will benefit from the ability to manage documents and business processes
with Questys Solutions' Content Management and Business Process Management
offerings. Questys Solutions enhances the ability of MessageVision's
clients to search, control, retrieve, and deliver documents and to help
clients meet corporate accountability and regulatory compliance
requirements. The Questys suite of products extends to clients of Tailored
Business Systems the ability to manage the voluminous amount of paper and
processes common to government entities through solutions, including
secure electronic Content/Document Management, Archival and Storage,
Business Process Workflow and Automated Legislative Agenda Management.
Questys Solutions clients will benefit with the addition of unified
communication services from GoSolutions, fax and document distribution
services from MessageVision, and municipal government management
applications and printing services from Tailored Business Systems.

    About Questys Solutions

    Questys Solutions provides an array of award-winning content management,
knowledge management, document management, records management, document
imaging, electronic workflow and electronic agenda management solutions to
meet the varying needs and budgets of today's small businesses and
mid-size enterprises. Questys Solutions product suites are ideally suited
for mainstream and vertical markets including corporate, government,
healthcare, financial services, education, legal, law enforcement,
manufacturing and retail.

    Founded in 1980, Questys Solutions is a technology-driven company
providing advanced electronic document/content management and automated
data capture solutions to a variety of markets in the U.S. and abroad. A
pioneer in the ECM industry, Questys Solutions was among the first to
bring document imaging to a PC. At the heart of the Questys Solutions'
family of products are Questys Enterprise Document Management and Questys
Pro Document Management, both complete document imaging and content
management systems scalable from stand-alone and departmental systems to
enterprise-wide solutions.

    About VillageEDOCS, Inc.

    VillageEDOCS, Inc., through its MessageVision subsidiary, is a leading
provider of comprehensive business-to-business information delivery and
document management services and products for organizations with mission
critical needs, including major corporations, government agencies and
non-profit organizations. Through its Tailored Business Systems
subsidiary, VillageEDOCS provides accounting and billing solutions for
county and local governments. Through its GoSolutions subsidiary,
VillageEDOCS provides enhanced voice and data delivery services. Through
its Questys Solutions subsidiary, VillageEDOCS provides advanced
electronic document/content management and automated data capture
solutions to a variety of markets in the U.S. and abroad. For further
information, visit our website at www.villageedocs.com.

    Cautionary Statement Regarding Forward-Looking Information

    All statements in this press release that do not directly and exclusively
relate to historical facts constitute forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995.
Statements made in this press release, including, without limitation,
those relating to our belief about benefits the Company has derived, or
may derive, from pursuing its acquisitions or from new management
personnel or consultants, and our expectations regarding future operating
results, including such for the remainder of 2008, are forward-looking
statements. These statements, and other forward looking statements in
this press release, represent the Company's plans, intentions,
expectations and belief and are subject to certain risks and
uncertainties that could cause actual results to differ materially from
those projected or expressed herein. These include, without limitation,
risks associated with acquisitions, including the acquisition of Questys
Solutions, such as the inability to complete the acquisition and to
assimilate and integrate new operations and retain key personnel,
uncertainties in the market, competition, legal, regulatory initiatives,
success of marketing efforts, availability, terms and deployment of
capital, personnel risks, and other risks detailed in the Company's SEC
reports, of which many are beyond the control of the Company. Trading in
the Company's common stock is limited, and marketability of the stock is
restricted by penny stock regulations and the fact that our common stock
is traded on the OTCBB. The Company does not presently qualify, and may
never qualify, to be listed or quoted on any exchange or other market. The
Company assumes no obligation to update or alter the information in this
press release. Investors are cautioned not to put undue reliance on any
forward-looking statements. For these statements, we claim the protection
of the safe harbor for forward-looking statements contained in Section 21E
of the Exchange Act.

    

Contact:
Mason Conner
Chief Executive Officer
VillageEDOCS
714-368-8711
-or-
Ron Stabiner
Vice President
The Wall Street Group, Inc.
212-888-4848

Copyright 2008, Market Wire, All rights reserved.

-0-
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.