Press Releases

Raman Kumar, Chairman CEO
Named Ernst & Young Entrepreneur Of The Year® 2007 Award Finalist in Maryland

Annapolis, MD — May 11, 2007 — CBay Systems and Services Inc. today announced that Raman Kumar is a finalist for the Ernst & Young Entrepreneur Of The Year® 2007 Award in the Maryland program. This is the second year that Mr. Kumar has been selected for this prestigious honor. According to Ernst & Young, the awards program was designed to recognize outstanding entrepreneurs on a regional, national and global level who are building and leading dynamic, growing businesses. Raman Kumar was selected as a finalist from a field of nearly 50 Maryland industry and business leaders. Award winners will be announced at a special gala event on Thursday, June 28 at the Hyatt Regency Baltimore.

“I am very excited to have been selected again for this honor on behalf of the CBaySystems family,” said Mr. Kumar. “Our team’s ability to successfully combine innovative technology with global resources has made a significant impact on the healthcare industry — improving quality while reducing costs. By assisting with important functions like medical transcription, practice and billing/receivables management, we have made it possible for Doctors and Health Information Managers to focus their efforts on what they do best — take care of patients.”

The Ernst & Young Entrepreneur of The Year awards program celebrates its 21st anniversary this year. Awards are given to entrepreneurs who have demonstrated excellence and extraordinary success in such areas as innovation, financial performance, and personal commitment to their businesses and communities.

Regional award winners are eligible for consideration for the Ernst & Young Entrepreneur Of The Year 2007 national program. Award winners in several national categories, as well as the overall national Ernst & Young Entrepreneur Of The Year award winner, will be announced at the annual awards gala in Palm Springs, California on November 17, 2007. The national Entrepreneur Of The Year celebration is part of Ernst & Young’s Strategic Growth Forum. The overall national Entrepreneur of The Year award recipient is then considered for the world event held in Monte Carlo.

Sponsors
Founded and produced by Ernst & Young LLP, the Entrepreneur of The Year Awards are pleased to have Bank of America as the national presenting sponsor, as well as SAP America and the Ewing Marion Kauffman Foundation as national sponsors.

In Maryland, local sponsors include Clifton Gunderson LLP, DLA Piper US LLP, The Mergis Group, Baltimore SmartCEO, and the Baltimore Business Journal.

About CBaySystems (www.cbaysystems.com)
CBaySystems and Services Inc. is a leading provider of healthcare information technology and business process outsourcing (BPO) services and one of the largest providers of transcription services to the healthcare industry. CBay delivers fully integrated transcription, patient financial services and technology enabled business solutions that improve processes, lower costs, and ultimately help hospitals and physicians to provide superior patient care. Using HIPAA-compliant web-based technologies, CBay's more than 5,000 highly credentialed medical language specialists and customer service professionals deliver the highest quality medical documentation to thousands of clients.

Since 1998, CBay Systems has been one of the leaders in the healthcare services industry, with more than 700 health systems, hospitals, clinics, and physician practices who utilize its medical transcription, billing, and coding services. IQMax was founded in 1999, and
is a leading provider of mobile healthcare solutions serving hospitals, clinics, and physician practices across the nation.

For additional information, please contact:

Stacey Cassidy
Director of Marketing, CBaySystems, Inc.
Tel: 866.295.4600 x3195
scassidy@cbaysystems.com