Welcome to messageREACH

Media Calls:
Michael Simoni
Environics Communications
203-325-8772, ext. 24
msimoni@environics-usa.com

Xpedite:
Elizabeth Brennan
Xpedite
800-333-0568, ext. 7321
e.brennan@xpedite.com

RED HERRING MAGAZINE SELECTS XPEDITE'S MESSAGEREACH E-MAIL SERVICE TO DELIVER AND PROCESS ONLINE INVOICES AND RENEWALS
Leading Business Publication Increases Response Rates with Multimedia Messaging Capabilities

TINTON FALLS, N.J. (June 27, 2002) - Xpedite (www.xpedite.com), a company that helps businesses manage information distribution to and from their customers through multimedia messaging solutions, including fax, e-mail, voice and wireless services, and a business unit of Ptek Holdings, Inc. (NASDAQ: PTEK), today announced that Red Herring magazine selected its messageREACH^SM e-mail service. Red Herring, a leading business publication covering the intersection of technological innovation, entrepreneurialism and the financial markets, is using messageREACH to distribute and process subscriber invoices and subscription renewals to thousands of recipients each month.

Xpedite delivers HTML-based invoices to Red Herring subscribers that are pre-populated with the recipient's information, such as name and address. The recipient fills out the payment portion of the invoice and simply "clicks" to submit the form electronically via messageREACH, which collects all of the response data. Because messageREACH is capable of handling large volumes of outbound and inbound e-mail to a diverse subscriber base with speed and reliability, the process is accomplished faster, and with greater success, than with traditional direct mail campaigns.

"messageREACH enables us to create graphic-rich, attention-grabbing HTML messages that generate higher response rates on subscriber invoices and renewals," said Mike Hill, Retention/Fulfillment Manager at Red Herring. "Xpedite made the transition to using messageREACH smooth, providing first-rate customer service and a strong knowledge of list management and e-mail distribution. The end result is a more successful, efficient online invoice and renewal process for our magazine, which helps our bottom line."

"As an experienced solutions provider for the publishing industry, Xpedite knows that managing and growing the subscriber base is a key component to the success of any publication," said Rob Mainor, President of Xpedite. "The interactive capabilities of our messageREACH services offer magazines like Red Herring a high-impact, cost-effective way to manage critical information to and from their subscribers, making it easy for recipients to respond. The improved response rates for Red Herring prove that messageREACH is a valuable marketing tool."

About Xpedite

Xpedite (www.xpedite.com) helps companies manage information distribution to and from their customers through multimedia messaging solutions, including fax, e-mail, voice and wireless services. Similar to the traditional advertising model of using multiple communications channels such as television, radio and print, Xpedite offers customers an integrated approach to efficiently and effectively reach their target audiences. The company's dynamic service offerings include innovative solutions for high-volume, time-sensitive communications, such as bank statements, billing invoices, subscription renewals, promotional offers, and more. Xpedite processed approximately 2 billion messages in 2001 for a global client base that includes almost half of the Fortune 500, and such industry leaders as Boeing, Bank One, JP Morgan Chase, Marriott, Merck, Morgan Stanley, Nippon Life Insurance, and Xerox. Xpedite is a business unit of Ptek Holdings (NASDAQ: PTEK; www.ptek.com) and has sales offices in 30 locations throughout the United States and 25 international offices in 18 countries.

About Ptek Holdings, Inc.

Ptek Holdings, Inc. (NASDAQ: PTEK) is a leading provider of enhanced multimedia group communications services to the global enterprise marketplace. These solutions, which include conferencing, Web collaboration and messaging, are marketed under the Premiere Conferencing and Xpedite brand names. Ptek Holdings corporate headquarters is located at 3399 Peachtree Road NE, The Lenox Building, Atlanta, GA 30326. Additional information can be found at www.ptek.com.

For Investor Relations-related inquiries, please contact Eric Martin at 404-504-2461.

About Red Herring Communications, Inc.

Red Herring Communications, Inc. is an integrated network of media properties connecting the people, companies and industries whose ideas and technological innovations are inspiring and reshaping the world of business. Founded in 1993, Red Herring magazine, the company's flagship platform, provides in-depth analysis and reporting on the business of technology, innovation and entrepreneurialism. The publication was recently named one of the ten hottest media for technology advertisers by Adweek Magazines' Technology Marketing for the second consecutive year. Red Herring Online (www.redherring.com) complements the printed publication with timely reporting on the innovations that are powering future business trends. Red Herring Executive Conferences bring the magazine to life with insight and analysis by Red Herring editors and top thinkers from leading companies. A privately held company, Red Herring Communications, Inc. is headquartered in San Francisco and has offices in Chicago, London, Los Angeles and New York.

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Statements made in this press release, other than those concerning historical information, should be considered forward-looking and subject to various risks and uncertainties. Such forward-looking statements are made pursuant to the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995 and are made based on management's current expectations or beliefs as well as assumptions made by, and information currently available to, management. A variety of factors could cause actual results to differ materially from those anticipated in Ptek's forward-looking statements, including the following factors: competitive pressures among communications services providers, including pricing pressures, may increase significantly; Ptek's ability to respond to rapid technological change, the development of alternatives to its products and services and the risk of obsolescence of its products, services and technology; market acceptance of new products and services; development of effective marketing, pricing and distribution strategies for new products and services; strategic investments in early stage companies, which have limited operating histories and are subject to significant risks, may not be successful and returns on such strategic investments, if any, may not match historical levels; the value of Ptek's business may fluctuate because the value of some of its strategic equity investments fluctuates; Ptek's strategic investments in companies that are subject to the Securities Exchange Act of 1934 are subject to the risks disclosed by those companies in their public filings; Ptek's ability to manage its growth; costs or difficulties related to the integration of businesses and technologies, if any, acquired or that may be acquired by Ptek may be greater than expected; expected cost savings from past or future mergers and acquisitions, may not be fully realized or realized within the expected time frame; revenues following past or future mergers and acquisitions may be lower than expected; operating costs or customer loss and business disruption following past or future mergers and acquisitions may be greater than expected; the success of Ptek's strategic and other distribution relationships, including the amount of business generated and the viability of the strategic relationships, may not meet expectations; possible adverse results of pending or future litigation or adverse results of current or future infringement claims; risks associated with interruption in Ptek's services due to the failure of the platforms and network infrastructure utilized in providing its services; domestic and international terrorist activity, war and political instability may adversely affect the level of services utilized by Ptek's customers and the ability of those customers to pay for services utilized; risks associated with expansion of Ptek's international operations; general economic or business conditions, internationally, nationally or in the local jurisdiction in which Ptek is doing business, may be less favorable than expected; legislative or regulatory changes may adversely affect the business in which Ptek is engaged; and changes in the securities markets may negatively impact Ptek.

For a detailed discussion of these and other cautionary statements and factors that could cause actual results to differ from the Company's forward-looking statements, please refer to the Company's filings with the Securities and Exchange Commission, especially in the "Factors Affecting Future Performance" included in the Management's Discussion and Analysis section of the Company's Form 10-K for the fiscal year ended December 31, 2001 and in subsequent filings filed with the Securities and Exchange Commission.