Wednesday October 31st, 2001

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Upaid Names Johann Hemetsberger Senior Vice President of Global Product Operations

October 18, 2001 - Johann Hemetsberger will manage Upaid’s technology centers in India and Brazil and will be responsible for the overall software application engineering, product creation and development of Upaid’s platform and solutions.

Upaid Appoints Ilan Levi Regional General Manager for Western Europe & Africa

October 15, 2001 - Ilan Levi will be responsible for defining, structuring, implementing and managing Upaid’s sales strategy & business processes in Western Europe and Africa.

Heinz Brasic Named CEO of Upaid

October 11, 2001 - Heinz Brasic's primary focus at Upaid will be to establish the company’s global operations and implementations strategy and to build industry alliances by leveraging Upaid’s technology patents.