Vengroff, Williams & Associates, Inc. Recognized in the 2008 FAO Research Awards of Distinction for Its Engagement With D3Publishing of America

GARDEN GROVE, CA--(Marketwire - April 2, 2008) - Vengroff, Williams & Associates, Inc. (VWA), a leading provider of receivables management and business process outsourcing solutions, today announced that it has been recognized among leading financial outsourcing service providers in the 2008 FAO Research Awards of Distinction for its engagement with D3Publishing of America (http://www.d3publisher.us/).

"The engagements recognized for our best-in-class FAO awards demonstrate the maturation and increased sophistication of organizations that view FAO as a strategy to improve business operations," says Lisa Ross, CEO of FAO Research. "VWA and the other teams deemed worthy to be honored by our awards process reflect this vision in action and are among the most sophisticated users of financial outsourcing in existence today."

VWA's contract with D3Publishing of America was distinguished by FAO Research after being judged within several quantifiable criteria (like size of contract, time into deployment, cost savings, etc.) as well as, but not limited to:

--  Alleviating business pains
--  Business transformation
--  Database/infrastructure consolidation/modernization
--  "Road map" (game plan for sequence/timeline of multiple process
    deployments)
--  Transition program
--  Ease/rapidity of deployment(s)
--  Increased efficiency in processes
--  Relationship/team building
--  Return on investment
    

"We are pleased to have been nominated for the 2008 FAO Research Awards of Distinction and to help drive innovation in our market," said Mark Vengroff, CEO of Vengroff, Williams & Associates. "Having been in the financial outsourcing business for 45+ years, we have always prided ourselves on being on the cutting edge in terms of what we offer our clients. The fact that our engagement with D3Publishing of America has been honored with pushing the envelope validates our progressive approach to improving business operations."

The FAO Research report detailing engagements of the honorees and those of all nominated companies for the 2008 FAO Research Awards of Distinction is available by request on a complimentary basis at www.faoresearch.com.

About FAO Research, Inc.

FAO Research, Inc. is the only independent research firm worldwide focused exclusively on the Finance & Accounting Outsourcing (FAO) and Procurement Outsourcing (PO) markets. FAO Research conducts market research, performs custom services and hosts events for FAO/BPO service providers, advisors and companies that want to better understand market activity, the supplier landscape and buyer needs. With frequent publishing of reports, events and unbiased viewpoints, FAO Research is a trusted source worldwide for impartial research and opinions. For more information, visit www.faoresearch.com.

About Vengroff, Williams & Associates, Inc.

Founded in 1963, and with $23 billion 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, Vengroff, Williams and Associates' 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. Named a Top 21 enterprise-level FAO service provider by FAO Today Magazine and to the Global Services Top 10 in the FAO Category, to learn more about the award-winning Vengroff, Williams and Associates, please visit www.vwainc.com or telephone (866) 393-4892.

Contact Information: Media Contact: Aimee Quemuel Trier and Company for VWA (415) 753-9005 aimee@triercompany.com