BancorpSouth

BROADSOUCE SELECTED BY BANCORPSOUTH FOR TELECOM EXPENSE MANAGEMENT, COMPLIANCE AND COST SAVINGS

ATLANTA, January 5, 2005 - BroadSource, Inc., the experts in telecommunications expense management technology for middle-market companies and financial institutions, announced today Tupelo-based BancorpSouth, Inc., (NYSE: BXS), with $10.6 billion in assets, has selected BroadSource to improve internal controls for telecom operations and reduce the cost of its vast communications infrastructure.

“Working with BroadSource will save BancorpSouth both time and money – two valuable assets for any business,” said Michael Lindsey, senior vice president with BancorpSouth. “In addition,” continued Lindsey, “new mandates such as Sarbanes-Oxley require improved internal controls for top expenses such as telecommunications. By implementing the BroadSource solution, we will have the capabilities necessary to mitigate risk and maintain compliance.”

“This win is significant on many fronts,” stated BroadSource Chief Executive Officer, Vincent Brennan. “First, it emphasizes our commitment to middle-market companies and financial institutions due to their growing demand for telecommunications expense management technology.” Brennan continued, “It also provides BancorpSouth with a hosted solution to improve internal controls, optimize compliance reporting and save BancorpSouth money.”

BroadSource typically saves its customers between 20 and 30 percent on their annual telecommunications expenses. In addition to hard dollar savings, BroadSource customers often recognize a reduction in telecommunications billing and complexity, a decrease in the number of staff required to process telecommunications payables, and enhanced cost allocation by division, branch, department and user.

About BancorpSouth

Headquartered in Tupelo, Mississippi, BancorpSouth is a financial services company with $10.6 billion in assets operating approximately 250 banking and mortgage locations and 233 automated teller machines in Arkansas, Alabama, Louisiana, Mississippi, Tennessee and Texas communities. The Company also provides investment services through its subsidiary, BancorpSouth Investment Services, Inc., and insurance services through BancorpSouth Insurance Services, Inc. BancorpSouth's common stock is traded on the New York Stock Exchange under the symbol "BXS."

About BroadSource, Inc.
BroadSource is a leading provider of telecommunications expense management software. Headquartered in Atlanta, Ga., BroadSource provides products and services to reduce the costs and complexities of managing communication services across multiple locations and divisions of companies nationwide. For more information, visit www.broadsource.com.