8/18/2000

Planet Payment^® eei Solutions partner to provide global telecommunication companies and utilities with complete and secure Internet-based payment and billing solutions.

August 18, 2000 (NEW YORK, New York/PORTLAND, Oregon): Planet Payment, a leading provider of multi-currency payment solutions, and eei Solutions, a leading provider of outsourced billing and reporting solutions, today announced an alliance agreement to offer a global Internet-based payment and billing solution to the telecommunication and utility industries.

"This partnership with eei Solutions continues our stated strategy to become the global leader in providing multi-currency Internet payment solutions to merchants, technology companies and financial institutions worldwide. Telecommunication companies and utilities have clearly realized the potential of the Internet as a way to streamline and facilitate the payment process," says Philip Beck, CEO of Planet Payment. "However, most of these companies have specialized needs in terms of billing and reporting. Our partnership with a 'best-in-class' company like eei Solutions will allow us to offer a complete solution specifically tailored for the telecommunication and utility sectors that satisfies all their payment, billing and reporting needs regardless of where in the world the company is located." "We are completely committed to providing payment and billing solutions to telecommunication companies and utilities on a global basis," says Kirk Cameron, President and CEO of eei Solutions. "By partnering with a market leader like Planet Payment, we offer a much broader solution to our clients. Our customers will now have the ability to receive payments on-line, in real-time, and in their local currency, which is what we have been striving for."

About Planet Payment

Planet Payment (www.planetpayment.com) is a global leader in providing multi-currency Internet payment solutions to merchants, technology companies and financial institutions worldwide. Planet Payment's affordable solution enables Internet merchants to securely accept Visa®, MasterCard®, American Express® and other major debit and credit cards in a secure, real time environment, 24 hours a day and in over 140 currencies - whether the buyer is using a personal computer, mobile telephone, or other wireless device. The Planet Payment Gateway, powered by Authorize.Net, (www.authorize.net) is compatible with over 100 of the leading shopping cart technologies. Planet Payment can be contacted in the U.S. at 950 Third Avenue, New York, NY 10022 (Tel: 212/980-5100). Planet Payment can be reached on the Web at http://www.planetpayment.com.

About eei Solutions

eei Solutions is a leading ASP, (Application Service Provider), to the telecom and utility management markets providing a full service approach to telecom management. We specialize in providing turnkey solutions for both Internet and IVR services that include corporate automated transaction and reporting systems. These two products go hand in hand in providing a full range of products for users to conveniently access account information and conduct business as needed. For a more detailed explanation of our products and services, please visit our website at http://www.eeisolutions.com.

Contacts:

Darren Nesbeth/ Tim Anderson
Buchanan Communications
+ 44 [207] 466 5000

Planet Payment:
Thomas DeLuca
Vice President, Business Development
+1 [212] 980-5100 x337 (New York)
tdeluca@planetpayment.com