FOR IMMEDIATE RELEASE
Media Contact: Tracey Lopes
Ruesch International
tracey.lopes@ruesch.com
1 (800) 252-4685


Heico Holding, Inc. Hires Ruesch for ePayment Check Conversion Campaign

Washington, DC—October 11, 2006—Ruesch International, Inc., a leading provider of global payment solutions and services headquartered in Washington, DC is pleased to announce that Heico Holding, Inc., based in Downers Grove, Illinois, has selected Ruesch International’s ePayment solution for accounts payable check conversion.

In general, the corporate payment process has many hidden costs and inefficiencies. Converting from check payments to electronic payments enhances an organization’s financial performance and can lead to significant cost savings. By working with Ruesch International, Heico will have more than 70 percent of its check payments converted to electronic payments within 90 days of the program’s commencement.

By eliminating manual, labor-intensive processes such as check printing, Heico will realize immediate operational efficiencies. For example, correspondence from vendors looking for their payments will be eliminated, since these vendors will have the ability to track the status of their payments with Ruesch’s proprietary PayTracker e-mail alert system. This type of real-time information and convenience is simply not available when using checks. Additionally, the estimated cost savings that Heico expects to realize over the next five years exceeds one million dollars.

Heico Holding has several independent operating subsidiaries and related companies producing a wide array of equipment and products. Most of these related companies will also take advantage of the ePayment product solution, allowing the benefits to be realized throughout the entire Heico group of companies.

“We are extremely pleased to have the opportunity to assist Heico in enhancing its payment process through our ePayment check conversion program. We are looking forward to exceeding the performance measures and serving Heico and its vendors, as well,” said John M. Perry, Executive Vice President – Global Sales and Marketing at Ruesch.

About Ruesch International
Ruesch International is a leading global financial institution specializing in international business-to-business payment products and solutions. The corporation has full-service corporate foreign exchange operations in Australia , Switzerland , the Czech Republic, the United States, and the United Kingdom that have served more than 35,000 corporate clients. Each year, Ruesch's international payment consultants develop risk management strategies and global payment solutions that help clients manage nearly $30 billion in payment transactions worldwide. For more information, visit www.ruesch.com. Ruesch International is principally owned by the private equity firm of Welsh, Carson, Anderson & Stowe.

About Heico Holding
Heico Holding, Inc. headquartered in Downers Grove, IL [(630) 353-5000] is a diversified conglomerate with over 40 operating subsidiaries and sister companies. These companies, which operate throughout the United States and several international locations, produce a wide range of products, systems and services across diverse industries. Founded in 1979, the group has been thriving ever since through an aggressive acquisition program coupled with internal growth. Group aggregate sales are in excess of $2.1 billion and the company has a total of more than 8,000 employees.

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