announcement good news

news just in this morning:
e-pay Asia Limited (“e-pay”) announces distribution
alliance with Malaysian national postal network
e-pay is a leading provider of electronic payments and prepaid mobile Top Up services
Sydney: 11 August 2006 - e-pay Asia Limited (ASX/AIM stock code: EPY), is pleased to
announce that following a six month pilot project, the Company has entered into an
agreement with Pos Malaysia Berhad, Malaysia’s national postal company, to extend epay’s
electronic top up network throughout its nationwide network of more than 900 post
offices.
This agreement, via e-pay’s Malaysian subsidiary (“e-pay Malaysia”), provides a significant
opportunity for e-pay to extend its prepaid Top Up services across the Malaysian prepaid
mobile community enabling consumers an easy way to top up their prepaid airtime while
transacting postal business.
This agreement strengthens e-pay Malaysia’s distribution network in Malaysia and with the
national roll out of additional terminals scheduled to be completed within six months, it will
have 10,000 points of sale.
Simon Loh, Managing Director of e-pay Asia said
“Today’s announcement reflects both the strength of our business model as well as the
quality of our services. We look forward to working closely with Malaysia’s national postal
company and to delivering our prepaid mobile phone Top Up services to 17 million prepaid
mobile users across Malaysia.”