Major Online Gaming Publishers To Tap Into Singapore Youth Market With Micropayments Solution from Cherry Credits

6 September 2007, SINGAPORE– Cherry Credits Pte Ltd, a leading provider of end-to-end micropayments fulfilment solutions, today announced that its proprietary New Economy eXchange Technology (NEXT) micropayments engine and unique physical distribution model will be adopted by major online gaming publishers including Acclaim Games, NCSoft, Habbo (Sulake), Ntreev USA, and MOR(F) Dynamics. The Cherry Credits NEXT system will provide publishers turnkey access to the lucrative but previously unavailable teenage and young adult market via the NEXT micropayments system.

The youth market can now look forward to a slew of popular‘massive’ online multiplayer gaming titles and virtual communities:

• Habbo Hotel, a virtual social community from Sulake Corporation

• Lineage II, a fantasy Massive Multiplayer Online Role-Playing Game (MMORPG) from NCSoft

• MojiKan, a real-time 3D instant messaging service from MOR(F) Dynamics

• Trickster Online, a fantasy MMORPG from Ntreev USA

• 9Dragons, a fantasy MMORPG from Acclaim Games

• 2Moons, a MMORPG from Acclaim Games

• BOTS!!, a science-fiction casual Massive Multiplayer Online Game (MMOG) from Acclaim Games

“We are happy to be able to work with some of the world’s most recognizable names in the online gaming industry to bring exciting and highly-playable content to young consumers in Singapore,” said Addison Kang, CEO for Cherry Credits.

"NEXT's unique integrated online and physical processing-distribution model provides content providers with unparalled flexibilities in distribution and payment collection, and more importantly, provides young consumers access to a whole new world of online gaming and entertainment titles."

NEXT is a proprietary secure micropayments engine that offers turn-key integration with new or existing payment systems of content providers. The NEXT engine is further supported by both virtual and physical distribution channels in Singapore and around the region, including in-store distribution points at popular consumer outlets such as 7-Eleven. NEXT is a proven micropayments engine that is an evolution up from the engine powering popular online gaming titles like MapleStory and Pangya - which see tens of thousands of transactions at any instance

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About Cherry Credits

Cherry Credits Pte Ltd is privately-owned provider of global micropayments and pre-payment solutions, enabling online content developers, aggregators and publishers to easily monetize intellectual property, and accelerate their reach into the global marketplace. Cherry Credits was founded by Addison Kang, a recognized name in the Asian online and electronic gaming industry.

Addison was most recently CEO and founder of AsiaSoft Online - one of Asia's largest providers of experiential and collaborative online gaming content - where he pioneered the Asian Free-to-Play business model with benchmark online gaming titles such as MapleStory and Audition. At AsiaSoft, Addison reinvigorated the ASEAN massive-multiplayer online gaming market through international collaboration with content producers such as Blizzard, Nexon, NtreeV and other renowned developers.

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For more information, please contact:

Marketing:

Tracy Chin

Marketing Manager

Cherry Credits Pte Ltd

Tel: (65) 6747 6676

Fax: (65) 6747 6139

Email: tracy.chin@cherrycredits.com

Business:

Kelvin Low

VP, International Business

Cherry Credits Pte Ltd

Tel: (65) 6747 6676

Fax: (65) 6747 6139

Email: kelvin.low@cherrycredits.com


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