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Upaid Names M-Business Marketing Agent for Spain, Portugal and Key UK Accounts
  7th August 2002
Latest Partnership Builds on Upaid’s Strategy of Leveraging Local Expertise to Support Global Sales & Marketing Efforts
  (PARIS & UXBRIDGE – 7 August 2002) – Upaid, a pioneer of mission-critical, real-time software solutions for next-generation pay-as-you-use roaming and mobile payment services to mobile operators and financial service & content providers, and M-Business, a provider of world-class data solutions to mobile network operators, today announced the signing of a strategic marketing agreement. Under the terms of the agreement, M-Business will serve as an Authorized Upaid Marketing Agent to market Upaid solutions to mobile operators in Spain and Portugal as well as to certain key targets in the United Kingdom, providing pre-sales and customer support services to new Upaid customers. The nomination furthers Upaid's strategy of expanding the company's operations in strategic mobile markets through its extended network of in-the-field Marketing Agents.

Derek Arnold, Managing Director of M-Business, commented: "Upaid's mission-critical technology cannot be ignored by wireless service providers serious about providing innovative 3G services to their end-users, especially in markets with high levels of prepaid penetration. We are delighted to add Upaid's rich solution portfolio to our service offering and to be the ones who bring such quality solutions to operators in our target countries."

"M-Business' focus on operator activities in these core markets fits hand-in-glove with our global marketing strategy," noted Antoine Leboyer, Senior Vice President, Global Marketing and Business Intelligence for Upaid. "Spain and Portugal in particular represent key pay-as-you-use markets, and the incisive understanding of operator requirements M-Business affords us is crucial to the expansion of our European client base in Southern Europe and in the UK."

M-Business is the fourth Marketing Agent to have been appointed by Upaid since the company introduced its strategy of developing a worldwide network of local channel partners in May of this year. Upaid Marketing Agents leverage their expertise and local contacts to expand Upaid's global presence and compliment the company's business development activities.

About M-Business

M-Business Europe Ltd. provides world-class data solutions to mobile network operators to increase their competitiveness and generate new revenue streams. M-business was started to help companies meet the challenge of selling technology products into mobile markets and accelerate their time-to-market. Founded in 2001, the company concentrates on the requirements of mobile operators and the
m-Commerce value chain, in particular by introducing network operators to mobile data service solutions that generate a rapid return on investment. M-Business aims to forge successful partnerships with the market leaders in their respective segments.

M-Business has its corporate headquarters in the UK, with sales and consulting resources in France, Germany and Italy.

About Upaid

Voice went wireless, now data and money go wireless, and the mobile phone becomes the preferred multi-purpose device. Upaid paves the way for the convergence of mobile communications and financial services through its real-time software solutions for next-generation wireless pay-as-you-use voice, data and payment services. Upaid enables advanced prepaid voice roaming services to real-time data transactions, multimedia communications to unified payment applications across multiple data networks and telecom infrastructures (GSM, GPRS, CAMEL, CDMA, TDMA, 3G).

Upaid operates in Europe, Asia and Latin America and holds U.S. patent rights, pending in an additional 46 countries. Upaid™ is a trademark of Upaid Systems, Ltd. For more information, visit www.upaid.net.


Derek Arnold
Managing Director
M-Business Europe Ltd.
Tel.: +33 (0)4 93 12 94 80
Derek Arnold

George Candon
Corporate Communications
Upaid Systems SAS
Tel.: +33 (0)1 58 36 58 58
George Candon
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