11/4/1999

E-Commerce Breakthrough - Web Based Solution Allows for Multiple Currencies

-- DXSTORM.COM AND PLANET PAYMENT FORM STRATEGIC ALLIANCE CREATING GLOBAL E-COMMERCE SOLUTION--

TORONTO, CANADA - NOVEMBER 4, 1999 - DXSTORM.COM (www.dxstorm.com), application service provider of remote server e-commerce solutions to businesses and Webmasters, today announced a partnership with Planet Payment (www.planetpayment.com). This alliance will allow the first truly global e-commerce solution. The services of both companies will be available as a complete solution for anyone, anywhere in the world who wants to conduct business online.

DXSTORM.COM offers solutions that give any merchant the ability to support international taxes, shipping to 250 countries and operation in any currency or language. Planet Payment provides merchants with settlement in multiple currencies and transaction processing in real-time through the payment gateway powered by Authorize.Net (www.authorize.net).

This alliance is beneficial for many reasons. Non-U.S. resident companies can offer products for sale to a global audience and process transactions in hard, world currencies. This means that non-U.S. resident merchants can forgo the residency requirements to obtain U.S. dollar merchant accounts. U.S.-based merchants can process transactions in 14 currencies other than the U.S. dollar.

"We are offering the first real global solution to a world market and there has been an overwhelming response for this type of solution," said Gregory Lowes, President of DXSTORM.COM. "This alliance provides the ability to truly sell online to a global market no matter how large or small the company. This is incredibly exciting."

DXSTORM.COM Planet Payment

 
"Providing multi-currency credit card payment solutions to merchants everywhere and enabling secure online real-time e-commerce is at the core of our company," says Philip Beck, Chief Executive Officer of Planet Payment. "Partnering with DXSTORM.COM will have tremendous benefits to these new global merchants. We are truly excited about this venture and its positive implications for merchants around the globe."

ABOUT DXSTORM.COM

DXSTORM.COM (www.dxstorm.com) provides Remote Server E-commerce Solutions that give anyone, regardless of their knowledge of the Internet or Web design, the ability to sell products and services on-line. DXSTORM.COM products are user friendly, easy to configure, and can be used immediately by any merchant anywhere in the world with an Internet connection. The Toronto-based company offers two e-commerce service packages. DXSHOP is a turnkey e-store solution for end user, small to medium sized businesses. DXCART is a Web developer e-commerce solution that has all of the desired features of a turnkey e-store without the constraints of a prepackaged catalog and Web design system. Both DXCART and DXSHOP are designed to operate in any currency and in any spoken language.

ABOUT PLANET PAYMENT

Planet Payment (www.planetpayment.com) will provide e-businesses anywhere with the ability to accept credit cards online in real-time in almost any currency. To conduct business on the Internet, Internet merchants need a credit card merchant account and secure payment gateway. Sophisticated Internet merchants accept payments in multiple currencies to maximize the global opportunity presented by e-commerce. Planet Payment's affordable solution enables Internet merchants to accept Visa®, MasterCard®, and American Express® and is compatible with most shopping cart technologies using its state-of-the-art payment gateway powered by Authorize.Net (www.authorize.net).

DXSTORM.COM Contacts:

InterActive Agency, Inc.

Selacia (310) 664-6710 x110
dxstorm@iagency.com

Wendy Wolf (310) 664-6710 x132
dxstorm@iagency.com

Planet Payment Contacts:

Thomas DeLuca
VP, Business Development
tdeluca@planetpayment.com

Christine Szuszkiewicz
Director of Marketing
christine@planetpayment.com
(212) 319-0800