7-Eleven Stores Select Telesoft Corp. for Customized Invoice Processing Telecommunications
Largest convenience retailer seeks to consolidate invoices, lower cost and identify vendor billing errors.

PHOENIX, AZ. (October 23, 2002) Telesoft Corp. the leader in telecommunications management, announced today that 7-Eleven, Inc. (NYSE: SE), the world's largest convenience retailer, has purchased Invoice Processing (IPS) to provide a Web-enabled solution that consolidates invoices, reduces vendor errors and lowers the overall cost of managing 7-Eleven stores more than 10,000 monthly telecommunications voice and data invoices for its close to 5,500 locations.

7-Eleven's nationwide operations will have real-time, Web access to critical invoice and vendor data, greatly improving invoice management and detection of billing errors while noticeably speeding the payment approval process.

"Telesoft's Invoice Processing solution was chosen for its ability to consolidate the review validation and processing of invoices," said Robert Gray, 7-Eleven's Director of Information Systems, Technology Management. "Given the number of telecommunication invoices we currently receive, we expect to improve the billing process and lower our overall costs in this area."

"We are thrilled to have to the opportunity to provide Telesoft products and services to 7-Eleven, Inc., said Eric Kaufman, COO of Telesoft., "This is a great opportunity for Telesoft to further expand our customer base with products designed to reduce the cost of telecom expenses, while providing consolidated management and added value to legacy systems."

About Telesoft Corp.
Telesoft Corp. is the leading provider of Telemanagement expense reduction, cost allocation, asset management, telephone audit recovery and billing solutions to Enterprise companies, educational institutions, military and governmental agencies worldwide. Find out more online at www.telesoft.com.

About 7-Eleven, Inc.
7-Eleven, Inc. is the premier name and largest chain in the convenience retailing industry and is observing its 75th anniversary in 2002. Headquartered in Dallas,Texas, 7-Eleven, Inc. operates or franchises approximately 5,800 7-Eleven' stores in the United States and Canada and licenses approximately 17,000 7-Eleven stores in 17 other countries and territories throughout the world. During 2001, 7-Eleven stores worldwide generated total sales of more than $31 billion. Find out more online at www.7-Eleven.com.