Vengroff, Williams & Associates Receives Award of Excellence by Disney Corporation in London

Disney Corporation Selects VWA for Disney Europe Supplier Excellence Award

GARDEN GROVE, CA--(Marketwire - June 27, 2007) - Vengroff, Williams & Associates (VWA), a leading provider of receivable management and business process outsourcing solutions with more than 3000 worldwide customers, today announced that it has received the Disney Europe Supplier Excellence Award in London. The award is given to suppliers of Disney, such as VWA, who create substantial added value as a partner. The award signified the outstanding contribution that VWA has made to Disney Europe in the specific areas:

--  Order to Cash in the supply chain
--  Minimize costs and credit risks
--  Leverage SAP and VWA technology to eliminate manual transactions and
    automate BPO
VWA has been working as an outsourcing partner with Disney Europe for 4 years across 11 European countries with a staff of 45 persons responsible for all facets of the business process and IT developments as related to credit operations.

Receiving the Disney Europe Supplier Excellence Award on behalf of VWA was Paulette Martin and Steve Menozzi. Ms. Martin, European Business Support Director, has been working on the Disney account for 4 years and is a member of the Disney SAP Governance Board responsible for all business process and IT development within the SAP FICO and OTC models and is accountable for Policy and Audit compliance, management training and development. Mr. Menozzi has been Client Service Director for two years and oversees the VWA management pool of talent servicing Disney throughout 11 European countries.

"Winning such a prestigious award from Disney Europe is an honor throughout the entire VWA organization," said Robert, G. Williams, CEO of Vengroff, Williams & Associates Group of Companies. "We are most grateful to accept this award as it highlights VWA's efforts to create maximum value for Disney Europe and our commitment to provide world-class products, quality, technology and support."

With the ability and flexibility to scale to the needs of both large Fortune 500 and fast-growth companies, VWA continues to be the solution of choice for companies across all industries. During the first half of 2007, VWA has seen tremendous growth within the F&A Space. The level of interest and acquisition of new customers has been record breaking. F&A outsourcing from a VWA perspective has achieved priority status within the Fortune 1000. VWA has added 14 new F&A clients within the Fortune 1000 over the past 6 months.

"The rapid adoption of VWA's services and proprietary technology products demonstrates an increased focus on reduction of DSO in accounts receivables management by corporations looking to maintain a competitive advantage," said Mark Vengroff, chief executive officer of VWA. "We are seeing tremendous interest across a broad set of industries as CFOs look to gain control of their most important asset -- cash on hand."

About Vengroff, Williams & Associates, Inc.

Founded in 1963, and with $23 billion dollars under its management, Vengroff, Williams & Associates is a leading provider of receivables management business process outsourcing (BPO) solutions for Fortune 1000 companies such as Ford Motor Company, Federal Express, Kodak, Microsoft, Yamaha and others. Applying state-of-the-art proprietary information systems, best practice work flow and people to realize cost reductions, operating efficiencies, and improved process design, VWA's approach enables clients to easily insource or outsource all or part of the quote-to-cash function. Solutions are customized to each client's requirements or expanded to incorporate specialized tools and SAS 70 compliant processes and procedures. Services include full order to cash processing, third party collections, EIPP systems, deduction management, dispute management, auto cash solutions, front-end risk mitigation, and tax resolution. VWA has been named a Top 21 enterprise-level FAO service provider by FAO Today Magazine. To learn more about VWA, please visit or telephone (866) 393-4892.

Contact Information: Editorial Contacts: Beth Trier Trier and Company for VWA 415-285-6147 Email: Robert Sherman Vengroff, Williams & Associates, Inc. 714-889-6202 Email: