Earthport Regulatory News (EPO)

14 Dec 2006 10:00

Earthport PLC14 December 2006 14 December 2006 Earthport plc ("Earthport" or the "Company") And SafePay Solutions Inc Further to the announcement made on 11 December 2006 stating that Earthport hadbecome the international payment services partner for Giact Systems, Inc, theCompany is pleased to announce that Giact's first client to use the EarthportUPN is SafePay Solutions Inc. (SafePay). Earthport will receive integrationfees, transaction fees and revenue from FX transactions. SafePay (OTC:SFPS.PK) is an an online payment provider with the highest level ofsecurity, convenience and speed of payment. SafePay allows anyone with an e-mailaddress to send and receive payments SafePay is expanding rapidly and now has over 80,000 active members, themajority of which have been acquired in the last six months. For the month ofAugust 2006, SafePay Solutions, Inc. took in $8,336,985 in gross processingtransactions, the ninth consecutive monthly rise. SafePay has immediate plans to continue its expansion. SafePay's decision to utilise Earthport's UPN underlines the confidence beingplaced in Earthport infrastructure. David Fife, Earthport CEO, commented: " We are pleased with Earthport's abilityto partner with companies, like Giact, in the payments arena with establishedclients like SafePay. We view our UPN banking network as a critical compound inlow-cost international money movements." Melissa Brown, Giact Systems CEO, commented: "Our clients are excited aboutEarthport's secure and seamless international payment solutions. Many of themare projecting unprecedented growth in 2007 with the addition of the EarthportUPN." - ends - Press enquiries: David Fife CEO - Earthport plc +44 20 7220 9700Mark Ashurst - Canaccord/Adams Limited +44 20 7050 6500Lulu Bridges/Paul Dulieu - Tavistock Communications +44 20 7920 3150 This information is provided by RNS The company news service from the London Stock Exchange