LAKE FOREST, California – February, 2004 - iPayables, provider of Internet Invoicing tools for Fortune 1000 companies and their suppliers, announced a change in their corporate headquarters.

“We just outgrew the smaller space. It will be nice to have a little room to expand into for a change.” Commented David Cheney, who was tasked with coordination of the move. iPayables, Inc. has continued to grow in employee count with the continued success of the company.

Terms of the agreement between iPayables, Inc. and Olen Properties were not disclosed. Olen Properties, located in Newport Beach, California, has one of the largest property portfolios on the west coast with over 5 million of premier office space in Southern California.

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