Direct Insite Appoints Matthew Oakes as President

BOHEMIA, NY, Mar 24 (MARKET WIRE) --
Direct Insite Corp. (OTCBB: DIRI), a global SaaS provider of financial
supply chain automation across procure-to-pay, order-to-cash, and shared
services business processes, today announced that Matthew E. Oakes has
been appointed President. Mr. Oakes previously served as the Company's
Executive Vice President and Chief Operating Officer and prior to that as
EVP Client Services. He joined Direct Insite in 2002 as Director of
Business Operations, Quality Assurance, Contracts and Administration.

"During his time with Direct Insite, Matthew has consistently demonstrated
his leadership ability and dedication to growing our business and
improving our profitability," said Direct Insite Chairman and CEO James
A. Cannavino. "He applies his skills to create an efficient organization,
developing our associates and maintaining an unrelenting commitment to
deliver quality customer service. I am very pleased to have him take on
the role of President for our company."

"I am pleased that our Chairman and Board have given me this opportunity
to lead Direct Insite and welcome the challenge to fulfill their
expectations in the growth of our company," said Mr. Oakes. "We have an
exceptional team, the most competitive and innovative suite of products
and services available anywhere, and a strong and growing list of
clients. We are positioned to take advantage of the growing market for
our services and anticipate strong revenue and earnings growth."

About Direct Insite

Direct Insite provides best practice financial supply chain automation and
workflow efficiencies for procure-to-pay and order-to-cash processing. The
Company's global eInvoice Management services automate complex manual
business processes such as invoice validation, order matching,
consolidation, dispute handling, and e-payment processing. Direct Insite
solutions are used by more than 7,000 corporations across 62 countries, 15
languages and multiple currencies. Direct Insite processes more than $125
Billion in invoice value annually for its clients. For more information,
call (631) 873-2900, or visit www.directinsite.com

FORWARD-LOOKING STATEMENTS. All statements other than statements of
historical fact included in this release, including without limitation
statements regarding the company's financial position, business strategy,
and the plans and objectives of the company's management for future
operations, are forward-looking statements. When used in this release,
words such as "anticipate," "believe," "estimate," "expect," "intend" and
similar expressions, as they relate to the company or its management,
identify forward-looking statements. Such forward-looking statements are
based on the beliefs of the company's management, as well as assumptions
made by and information currently available to the company's management.
Actual results could differ materially from those contemplated by the
forward-looking statements as a result of certain factors, including but
not limited to, business and economic conditions, competitive factors and
pricing pressures, capacity and supply constraints. Such statements
reflect the views of the company with respect to future events and are
subject to these and other risks, uncertainties and assumptions relating
to the operations, results of operations, growth strategy and liquidity
of the company. Readers are cautioned not to place undue reliance on these
forward-looking statements. The company does not undertake any obligation
to release publicly any revisions to these forward-looking statements to
reflect future events or circumstances or to reflect the occurrence of
unanticipated events.

Corporate Contact:
Michael J. Beecher
Chief Financial Officer
Direct Insite Corp.
631.873.2900

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