LAGUNA HILLS, California – August 15, 2002 - iPayables, provider of Internet Invoicing tools for Fortune 1000 companies and their suppliers, announced it’s newest customer, American Eagle.

By integrating InvoiceWorks and ClearGear modules with their SAP R/3 accounts payable system, American Eagle will dramatically reduce per invoice processing costs. Following in the steps of its sister company, American Airlines, the American Eagle iPayables initiative will facilitate invoice delivery for American Eagle and Executive Airlines.

iPayables works with large accounts payable departments to eliminate paper processing costs by having their suppliers key or upload invoices over the internet where they are automatically matched or routed for approval.

iPayables, Inc. is headquartered in Laguna Hills, California. Information can be obtained at www.ipayables.com or by contacting the main offices at (866) 874-7932.