eOriginal to Provide Bank of America Dealer Financial Services with Vault-In-A-Box -VIB- Software for Transferring and Managing Electronic Car Loans

SAN DIEGO--April 11, 2005--eOriginal, Inc., announced here today that Bank of America has licensed the eOriginal Vault-in-a-Box(TM) software to manage its electronic motor vehicle retail installment agreements. eContracts, as they are commonly known, are executed on-line through loan origination portals where car dealers and lenders match financing products with consumers at the point-of-sale.

Once a consumer electronically signs a retail installment agreement at a dealership, the eOriginal Vault-in-a-Box (VIB) system will receive a secure, digital transfer of the "Authoritative Copy" of the agreement from the origination portal to the Bank of America data center. The use of electronic signatures and the transfer of ownership and location, require specific security and audit controls that enable consumers, dealers, lenders and investors to use eContracts as the legally binding media of record instead of traditional paper. These advanced controls are provided to the industry through eOriginal software solutions for loan origination portals and financing sources.

"Banks are accelerating their loan processing velocity while improving data accuracy and security - from origination to funding and servicing. By using legally enforceable electronic documents and the secure transport and authentication technology in VIB, the automotive finance industry is leading the way toward a fully digital lending environment. We've been at the forefront of addressing the compliance and technical issues involved in this industry-wide conversion for several years now in automotive finance and mortgage lending, and financing sources look to us as experts in the field. We're pleased that Bank of America is implementing VIB for automotive eContracts and we're looking forward to helping them with similar needs in other aspects of consumer and commercial financing including recreational vehicle and marine loans. VIB enables lenders to safely and securely aggregate, integrate and manage all of their eContracts in their own data centers regardless of origination portal," said Jack Stose, vice president of sales and marketing at eOriginal.

Tim Russi, president of Bank of America Dealer Financial Services, said this agreement with eOriginal is a key part of developing the technology for Bank of America to support eContracts through web-based loan origination channels.

"With eContracts, we face the challenge of ensuring enforceability as well as our ability to pool loans with the same confidence we already have when we use paper documents," Russi said. "Maintaining eContracts in a secure environment that ensures compliance with legal and regulatory guidelines is critical to our on-line strategy. We view eOriginal's software and expertise as a key component in executing that strategy."

About Bank of America:

Bank of America Dealer Financial Services provides retail loan financing and the full range of commercial banking services to dealers primarily in the automobile, marine and recreational vehicle industries across the United States. These services include comprehensive inventory financing, commercial loans, depository services, and merchant and treasury management services. Bank of America has relationships with more than 10,000 dealer clients and manages over $30 billion in consumer and commercial loans through Dealer Financial Services.

Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. The company provides unmatched convenience in the United States, serving 33 million consumer relationships with more than 5,800 retail banking offices, more than 16,700 ATMs and award-winning online banking with more than twelve million active users. Bank of America is the No. 1 overall Small Business Administration (SBA) lender in the United States and the No. 1 SBA lender to minority-owned small businesses. The company serves clients in 150 countries and has relationships with 98 percent of the U.S. Fortune 500 companies and 85 percent of the Global Fortune 500. Bank of America Corporation stock (ticker:BAC) is listed on the New York Stock Exchange. For more information visit www.bankofamerica.com

About eOriginal:

eOriginal, Inc. offers scalable, integrated solutions for replacing paper with legally admissible and enforceable digital documents. eOriginal's software enables the creation, execution, transfer, management and re-sale of fully electronic assets, such as mortgage notes, leases, retail installment contracts, and securities as Transferable Records under E-Sign, UETA and UCC Article 9. eOriginal SmartSign, eOriginal eCore Business Suite, Vault-in-a-Box, V2V and "Electronic Original" are trademarks of eOriginal, Inc. eOriginal is headquartered in The Warehouse at Camden Yards in Baltimore, MD. For more information, visit www.eoriginal.com.