EQUITRAC COMPLETES DEBT REFINANCING

Plantation, FL – July 15, 2005 - Equitrac Corporation today announced the completion of the company’s new $40 million senior secured credit facility. The proceeds from this financing were used to refinance existing senior indebtedness, repay the company’s existing subordinated debt, and issue a preferred stock dividend.

About Equitrac Corporation

Equitrac is the world leader and most trusted name in print tracking and document cost recovery solutions. Building the bottom line of legal and other professional firms since its founding in 1977, Equitrac today serves more than 70% of the AMLAW 200 and remains the continuing source of new solutions for the rapidly emerging digital work environment. Equitrac's solutions are supported by preferred partnerships with every major copier equipment manufacturer and backed by state-of-the-art service and support, enabling more than 10,000 organizations worldwide to recover costs, reduce waste, increase returns and get maximum efficiency out of every printer, copier and multifunction device.