PTEK Calls Entire $85 Million 2008 Convertible Notes for Early Redemption

ATLANTA, GA, May 13, 2004 - Ptek Holdings, Inc. (NASDAQ: PTEK), a leading provider of innovative business, data and group communications services, today announced it will call 100% of its outstanding $85 million principal amount of 5.0% Convertible Subordinated Notes due August 2008 for redemption on June 14, 2004. Holders have the right to convert the Notes, prior to the close of business on June 11, 2004, into approximately 12.7 million shares of common stock, all of which are currently included in the Company's diluted shares outstanding. Ptek expects to use cash and funds available under its new credit facility with Bank of America, N.A. to pay to all holders of the Notes, regardless whether the Notes are redeemed or converted, accrued interest of approximately $1.4 million and an aggregate "make-whole" payment of approximately $16.3 million (representing the net present value of future interest payments). Ptek anticipates taking a pre-tax charge of approximately $16.3 million during the second quarter related to the make-whole payment.

"This is a significant milestone in the ongoing improvement of our balance sheet," said Boland T. Jones, Founder, Chairman and CEO of Ptek Holdings, Inc. "We intend to use our improved balance sheet, growing cash flow and increased borrowing capacity to continue to expand our business."

About Ptek Holdings, Inc.

Ptek Holdings, Inc. is a leading provider of innovative business, data and group communications services for global enterprises. Companies use our audio and data conferencing solutions to conduct group meetings and presentations over the phone or Web. We also enable our customers to process and deliver large quantities of individualized, business critical information, such as electronic statements and invoices, financial transaction and travel confirmations, and drug prescriptions, via our global ASP platform. Ptek serves companies in nearly every business sector, including healthcare, technology, publishing, financial services, travel and hospitality. Our services are marketed under the Premiere Conferencing and Xpedite® brand names.

Ptek Holdings' corporate headquarters is located at 3399 Peachtree Road NE, Suite 700, Atlanta, GA 30326. Additional information can be found at

Forward-looking and cautionary statements


Statements made in this press release, other than those concerning historical information, should be considered forward-looking and subject to various risks and uncertainties. Such forward-looking statements are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and are made based on management's current expectations or beliefs as well as assumptions made by, and information currently available to, management. A variety of factors could cause actual results to differ materially from those anticipated in Ptek's forward-looking statements, including, but not limited to, the following factors: technological change; the development of alternatives to our services; our ability to manage our growth; integration of acquired companies; possible adverse effects on our financial condition if we are unable to retain IBM as a customer at the levels currently forecasted; possible adverse results of pending or future litigation or infringement claims; service interruptions; competitive pressures, including pricing pressures; general domestic and international economic, business or political conditions; legislative or regulatory changes; increased financial leverage; our dependence on our subsidiaries for cash flow; and other factors described from time to time in our press releases, reports and other filings with the SEC, including but not limited the "Risk Factors Affecting Future Pecember 31, 2003. All forward-looking statements attributable to us or a person acting on our behalf are expressly qualified in their entirety by this cautionary statement.