Lake Forest, CA September 25, 2008 iPayables is pleased to announce that they have been selected for recognition at the 2nd Annual OC Innovation 2008 Conference, October 1 & 2, 2008. The conference is sponsored by AeA and OC Innovation. The purpose of the conference is to highlight innovation by Orange County companies, particularly in the area of reducing adverse impacts on the environment.

iPayables will be recognized for its internet invoicing product, InvoiceWorks^TM. The product is the preferred invoicing solution of the International Air Transport Association (IATA) and is utilized by most of the major domestic airlines in addition to several major foreign carriers. Additionally, InvoiceWorks^TM is used by over half of the Fortune 100 companies. It is estimated that companies using InvoiceWorks^TM eliminate over 800,000 paper invoices annually.

The positive environmental impacts due to InvoiceWorks^TM include that fewer trees need to be harvested, energy is saved that would otherwise be needed to produce the distribute paper and reduced amount of solid waste that would ultimately end up in landfills. "It's great to be recognized at the OC Innovation conference," stated Ken Virgin, CEO, iPayables. "We strive to develop products that not only make good economic sense for businesses but are also good for our environment."

iPayables is a leading provider of Internet invoice delivery and payment services. Founded in 1999, they reduce accounts payable paper-processing costs with a blend of technology and service. iPayables provides invoicing services for most of the major airlines worldwide in addition to a number of other Fortune 1000 companies in other industries. More than 35,000 companies in 150 countries, including over one-half of the Fortune 100 companies have invoices flowing through the InvoiceWorks^TM application.