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BPO Management Services Announces Financial Results for Fourth Quarter and Full Year 2008
Date:4/1/2009

arrangement to fund its current operational or expansion plans; (ii) the Company's ability to build and maintain the management and human resources and infrastructure necessary to support the anticipated growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors discussed in the Company's periodic filings with the Securities and Exchange Commission, which are available for review at http://www.sec.gov under "Search for Company Filings."

    Investor contact:
    Hayden IR
    Brett Maas, 646-536-7331
    brett@haydenir.com

    Media contact:

    Richard Stern
    Stern & Co.
    212-888-0044
    richstern@sternco.com

    Alison Simard
    Stern & Co.
    323-650-7117
    arsimard@sternco.com

    Company Contact:
    BPO Management Services, Inc.
    Patrick Dolan, Chairman & CEO
    patrick.dolan@bpoms.com

                  BPO MANAGEMENT SERVICES, INC. AND SUBSIDIARIES
                         CONSOLIDATED BALANCE SHEETS
                  AS OF DECEMBER 31, 2008 AND DECEMBER 31, 2007

                                                        2008            2007
                        ASSETS
    Current assets:
      Cash and cash equivalents                    $2,784,155        $888,043
      Restricted cash                                       -         922,888
      Accounts receivable, net of allowance
       for doubtful accounts of $530,050
       and $347,797, respectively                   7,425,805       4,768,618
      Inventory                                       181,968         268,160
      Prepaid expenses and other
       curr
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SOURCE BPO Management Services, Inc.
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