Press Release

Recondo Technology Wins Red Herring 100 North America Award

Greenwood Village, Colorado, May 26, 2009 - Recondo Technology, a leading provider of revenue cycle solutions for the health care industry, today announced the firm's selection as one of the Red Herring 100 North America, designating Recondo® as one of the top 100 companies playing a leading role in innovation and technology.

"Red Herring recognizes companies based on quantitative and qualitative criteria, such as financial performance, innovation, management, global strategy, and ecosystem integration," stated Rick Adam, Recondo CEO. "Our selection underscores Recondo's effort to streamline the hospital revenue cycle, reduce hospitals' cost of doing business, and become a leading player in the dawning revolution in US health care."

Recondo Technology offerings include SurePayHealth®, which yields higher cash collections for hospitals by validating patient identity; assessing insurance coverage, deductibles, and copayments; and delivering an accurate statement to collect patient payment at time of service. Recondo Authorization-Denial Prevention (Auth-DP) allows hospital staff to identify required payer authorizations prior to service, ensuring that the hospital provides service only with the correct, approved authorization in place. Recondo Eligibility Plus provides hospitals with the industry's most complete view of private and government insurance benefits. All Recondo offerings are Software as a Service (SaaS) deployable via a browser, requiring no additional hardware or software for the customer, and architected on a high-speed, high-volume, rules processing platform.

About Red Herring
Red Herring is a global media company, which unites the world's best high technology innovators, venture investors and business decision makers in a variety of forums: a leading innovation magazine, an online daily technology news service, technology newsletters and major events for technology leaders around the globe. Red Herring provides an insider's access to the global innovation economy, featuring unparalleled insights on the emerging technologies driving the economy. More information about Red Herring is available online at www.redherring.com.

About Recondo Technology
Recondo Technology develops Software as a Service (SaaS) products that bring efficiencies and cost savings to health care payment processing, which currently costs the medical industry a staggering $360 billion in annual expense. Recondo software services include SurePayHealth, Authorization-Denial Prevention, and Eligibility Plus, all designed to increase cash flow, reduce bad debt, and lower administrative costs in the hospital revenue cycle. Visit Recondo Technology at www.recondotech.com.

For more information about Recondo Technology, contact:

Terry Truman
Vice President, Marketing
Recondo Technology
303 974.2815
terry.truman@recondotech.com

For more information about Red Herring, contact:

Conference Contact: Anam Alpenia at aalpenia@redherring.com, Phone +1 (650) 428-2900
Media Contact: Xenia von Wedel, Terpin Communications, at redherring@terpin.com Phone +1 (415) 595-2030