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BancTec, Inc., a global provider of advanced, high-volume, document and payment processing solutions and services, has signed a distribution agreement with City for Trading and Contracting Egypt (CTCEgypt), a leading vendor and servicer of technology, office and banking equipment throughout Egypt. The agreement covers the distribution of BancTec's highly acclaimed IntelliScan® and E-Series high-speed document scanning and sorting transports.

"CTCEgypt is a fast growing provider of banking and office automation solutions in Egypt," said Darren Riley, sales manager, EMEA Growth Markets, BancTec. "Their commitment to customer service and deep market knowledge, along with BancTec's proven document processing solutions, will help meet demand from Egypt's business and government sectors."

"BancTec's content and document processing solutions have successfully served some of the largest and most complex organizations in the world," said Mahmoud Abd Allah, managing director, CTCEgypt. "This partnership will enable us to deliver proven, leading-edge solutions for our clients' document automation efforts. We look forward to pursuing new opportunities through this relationship."

About CTCEgypt
CTCEgypt is a fast growing Egyptian company, specializing in selling and servicing the latest high tech and office and banking equipment as a system integrator for complete solutions. CTC was established in 2000 and currently has a staff of 70 employees. For more information, visit www.ctcegypt.com.

About BancTec
BancTec helps clients around the world simplify the process of managing their information. Founded in 1972, the company provides a wide range of solutions for automating complex, high-volume and data-intensive business processes for clients in the financial services, healthcare, manufacturing, government, services and utilities industries. BancTec's offerings include business solutions, business process outsourcing, and infrastructure services. With headquarters in Dallas, BancTec serves clients in 50 countries. For more information, visit www.banctec.co.uk.

SOURCE: BancTec, Inc.