RDM Corporation Announces Contract with Bank Partner Planning Roll-out of Remote Deposit Capture Services



    Contract includes both hardware and software products

    Toronto Stock Exchange Symbol: RC

    WATERLOO, ON, June 4 /CNW/ - RDM Corporation (TSX: RC), a leading
developer of specialized software and hardware products for electronic payment
processing, announced today that a major US bank, ranked in the top 50 based
on total assets, has committed to ordering a significant volume of RDM's
remote deposit capture products. The bank, which is an existing customer of
RDM's Image & Transaction Management System (ITMS(R)) processing service, is
planning a major launch of its own remote deposit capture offering
specifically targeted to its small business customers. In order to meet
expected demand, the bank has entered into a contract to license more than
5,000 ITMS end user locations and to purchase more than 5,000 scanners from
RDM over the next 18 months. The bank has placed an initial order for
scanners. As of April 30, 2008, RDM's ITMS network included 12,000 end user
locations.
    "We are very pleased to see an existing customer make aggressive plans to
provide remote deposit capture services for its customers. The small
businesses they are targeting are a natural fit for these services, as they
stand to benefit significantly from the convenience of depositing checks right
from their office," said Douglas Newman, President and Chief Executive Officer
of RDM. "This bank has the potential to become one of our largest customers in
the next 18 months. I have always believed that the major banks we have signed
as ITMS distributors would be capable of delivering significant volumes of
users and transactions once they made the decision to aggressively market
their remote deposit capture services."

    About RDM Corporation

    RDM Corporation is headquartered in Waterloo, Ontario and trades on the
Toronto Stock Exchange under the symbol RC. RDM is a leading provider of
specialized software and hardware products for electronic payment processing.
RDM has pioneered electronic check conversion systems and web based image and
transaction management services for banks, retailers, payment processors and
government agencies as well as print quality control and image quality systems
for a variety of global customers. For further information, visit RDM's
website at www.rdmcorp.com.

    This news release contains forward-looking statements. Forward-looking
statements are based on estimates and assumptions made by RDM in light of its
experience and its perception of historical trends, current conditions and
expected future developments, as well as other factors that RDM believes are
appropriate in the circumstances. Many factors could cause RDM's actual
results, performance or achievements to differ materially from those expressed
or implied by forward-looking statements. Risk factors relating to RDM are
discussed in the Risks and Uncertainties section of RDM's Annual Information
Form and year-end Management's Discussion and Analysis. These factors should
be considered carefully, and readers should not place undue reliance on RDM's
forward-looking statements. RDM has no intention and undertakes no obligation
to update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise.





For further information:

For further information: Douglas Newman, President & CEO, RDM
Corporation, (519) 746-8483, (519) 746-3317 fax, dnewman@rdmcorp.com; James
Merwin, Chief Financial Officer, RDM Corporation, (519) 746-8483, (519)
746-3317 fax, jmerwin@rdmcorp.com

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RDM Corporation

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