Melbourne, 1st June 2007. The Directors of Oriel Communications Ltd. (“Oriel”) are delighted to advise that BilltoBill has signed its first agreement for the BizztoBizz Accelerator Service with TianXiaMenPiao(http://www.tianker.com.cn/). TianXiaMenPiao is an innovative ticketing ‘consolidator’ who focuses on selling event, movie and other entertainment tickets, including tickets for Disneyland Hong Kong, through a large number of ticket resellers (business-to-business) nation-wide.
　　The CEO of TianXiaMenPiao, Mr. Xiao Ming LIE commented: “I have selected BilltoBill because their solution allows us to maintain a small and efficient accounting department. In addition, the BilltoBill solution reduces the period to receive funds from our distributors from a few days to a few hours. It allows us to handle the proceeds from the ticket sales ourselves and maintain full control over our money, whereas other solutions require the handling of funds to be outsourced to the provider of the service.
　　The BilltoBill BizztoBizz Accelerator makes our financial service scalable”, he said.
　　Oriel’s Chief Operations Officer, Yang Lei, commented today: “At this time, the BizztoBizz Accelerator is the only true business-to-business payment solution that supports multiple national banks in China. The market has begun responding to our solution due to its effectiveness at providing a low cost service for largeto medium Chinese companies that operate through distributors of their products and services.”
　　The ‘BizztoBizz Accelerator’ has the potential to contribute substantially to BilltoBill’s revenues:
It requires an upfront payment from the merchant, thereby committing them to take the service into operation;
It generates revenues on an annual recurring basis, regardless of the transaction volume; and
It adds additional revenues from transactions for each invoice paid and matched.