Cell PhoneWalletPCKiosk

Located in Marlborough, MA 65 employees worldwide Privately owned Global electronic payments

Highly secure & scalable Multi-lingual & multi-currency Ideal for the un-banked consumer Provides identity protection

Located in Marlborough, MA 65 employees worldwide Privately owned Global electronic payments

Highly secure & scalable Multi-lingual & multi-currency Ideal for the un-banked consumer Provides identity protection

Joseph Barboza, President & CEO

Robert J. Bowdring, VP, Finance and CFO

Frank J. DeCaro, VP of Business Development

Paul D. Creme, VP and General Counsel

St. Jones®, VP of Marketing

Dennis Bache, Director of Sales

Elena Savolainen, Director, Customer Support

Al Butler, Director of Engineering

Ildar Khamitov, Ph.D., Director, Software Engineering, St. Petersburg, Russia

Ivan Kouznetsov, PHD, Chairman

Joseph Barboza, President & C.E.O.

Sergey Bodrunov, General Director Aerospace Equipment Corp.

Art Feather, VP, Cisco Systems Inc.

Natalia Karelina, Treasurer, Tavrichesky Bank

Board of Directors:

Management Team:

PayCash enables multiple mobile transactionsfrom multiple payment sources (bank, debit, credit) Source: Cyphermint

Over 100,000 locations worldwideOver 100,000 locations worldwide

• 1000 units installed• Financial and eCommerce portal•Advertisements and couponing

• 80 clubs in the US and Canada• Air, car and hotel reservations•Advertisements • 4000 locations by 2008

• Per transaction revenue model•Advertisements and couponing

PAYCASH GLOBAL

Consumer Account ManagementMerchant Account Management

eCommerce

Merchant Payment System

PayCash Mobile Components

Support Account Management

Mobile ServicesPM - XML

Internet Kiosk Services

PM-APE

..

Text Messaging

PM-API PM-XML

PM-APE

eCommerce

TEXT_MESSAGING

Mobile applications Balance inquiry Transfer funds Remittances Ideal for the un-banked demographic Shopping Bill payment Custom menu “QuickPay” feature

Mobile applications Balance inquiry Transfer funds Remittances Ideal for the un-banked demographic Shopping Bill payment Custom menu “QuickPay” feature

PayCash Kiosk:

Self-service transactional & informational systems

PayCash Kiosk:

Self-service transactional & informational systems

PayCash eWallet:

Cash based Internet payments 6.5MM users worldwide 1024-bit encryption

PayCash eWallet:

Cash based Internet payments 6.5MM users worldwide 1024-bit encryption

PayCash Mobile:

Cellular based payments

PayCash Mobile:

Cellular based payments

Walk-in Bill Payments: The Prepaid StormAite Group reveals that by 2010, over 1.3 billion walk-in bill payments will be performed in the United States, including cell phone top-up, up from about 1.0 billion in 2005. Walk-in bill payment processors will generate US$1.9 billion in revenues by 2010, up from US$1.1 billion in 2006. Twenty-two vendors are mentioned in this report, including:

American Express, American Payment Systems (CheckFree), ACE Cash Express, Alliance Data Systems, Blackstone Calling Cards, Coinstar, Debisys (Emida), Discover, E-Time System, Fidelity Express, Global Express, PaySpot (Euronet), Incomm, IPP of America, MasterCard, MoneyGram, Pay-O-Matic, Precash, Pre-Solutions, Western Union (First Data), Visa U.S.A., and ViaOne Technologies.

$300* Billion in Global Transfers 2006: $9* Billion Fees (*est.)

Remittances to LAC exceeded $45 Billion in

2006 (IADB)

up 51%since 2004

Est. $30 B to Mexico

International remittances are a large and rapidly growing market

Every receiving country has seen tremendous growth. Mexico is the volume leader due to it's population size and proximity to the US.

This chart shows a 100% increase in remittances to Mexico from 2001 to 2005, which has created competitive price pressure on the leaders.

Source: IADB

Will Hispanics use M-Remittances?Mobile plays a much more significant – and faster-growing – role in the lives of Latino consumers than it does in those of Non-Hispanic White consumers, both for voice…

Total voice minutes/month

Q1 05 Q3 05 % growth Q1 to Q3

Latino 868 M 979 M 13%

White 580 M 632 M 9%

...and data services

Activity White Black Latino

Send and receive text messages 31% 42% 54%

Take still pictures 26% 23% 56%

Play games 20% 29% 40%

Use the internet 12% 17% 29%

Play music 5% 11% 16%

(Pew Internet & American Life Project, Associated Press, AOL cell phone survey. March 8-28, 2006 )

(Telephia 2006)

Highest remitting Group is also highest mobile user group!

On average, Hispanics generate $15 more ARPU per month than non-Hispanics ($90 vs. $75)

Is it the Killer App?

• Hyper-growth Market• Dissatisfied customer base• Mobile Remittances preferred over cash• High Value-Add • Huge Price Advantage• Large Revenue Opportunity• Installed base of 3B handsets• 1:1 Marketing Channel• Low churn rate• Foundation for Future Applications• Kernel for new Ecosystem

YES!

Works on any Internet enabled mobile device

Patented digital signature technology

Real-time transactions Linked to credit, debit or gift card Secured by server side

authentication Merchants do not need new

hardware

Works on any Internet enabled mobile device

Patented digital signature technology

Real-time transactions Linked to credit, debit or gift card Secured by server side

authentication Merchants do not need new

hardware

PayCash Mobile - APIPM-API can be leveraged by merchants who want to

provide their customers a mobile solution without migrating their customers to PayCash Mobile.

• Differences

PM-APE and PM-API

Remittances 1 of every 10 persons is involved worldwide Estimated to be US$300 billion a year

Bill Payment 13.1% compound annual growth Expected to be 302.4 billion by 2009

Mobile Expected to be 15% of online revenue 39 billion in revenue estimated by 2009

Kiosk The compounded growth rate for kiosks in the United

States is expected to average 17% per year over the next four years.

Remittances 1 of every 10 persons is involved worldwide Estimated to be US$300 billion a year

Bill Payment 13.1% compound annual growth Expected to be 302.4 billion by 2009

Mobile Expected to be 15% of online revenue 39 billion in revenue estimated by 2009

Kiosk The compounded growth rate for kiosks in the United

States is expected to average 17% per year over the next four years.