Numbers are getting bigger and bigger...ORIEL COMMUNICATIONS MAY...

Numbers are getting bigger and bigger...


ORIEL COMMUNICATIONS MAY 2007
MARKET UPDATE
BILLTOBILL PAYMENT SOLUTIONS CHINA
Key Points
• BILLTOBILL EXCEEDS EXPECTED GROWTH IN GROSS REVENUES
• DRAGONAIR COMMENCES ‘LIVE ‘ TRANSACTIONS
• EXCITING NEW PRODUCT EXTENSION APPEALS TO CHINESE CULTURE
Melbourne, 2nd May 2007. The Directors of Oriel Communications Ltd. (“Oriel”) advise that
BilltoBill continues to generate rapid growth in gross revenues.
BilltoBill’s gross revenues in April 2007 more than doubled those achieved in March 2007. For
the remainder of the 2007 calendar year, BilltoBill conservatively estimates an average month to
month growth rate of gross revenues of between 28% and 38%.
Over the calendar year 2007, this would result in total gross revenues of between 30 and 46
million RMB from its business to consumer payment service only.
BilltoBill is also pleased to announce that Dragonair, a full subsidiary of Cathay Pacific Airways,
has commenced ‘live’ transaction processing through the BilltoBill service. Quoting from their
press announcement dated April 17th, “Dragonair has revamped its website
(www.dragonair.com) with a new look and additional online services for customers, and now
offers online booking for the first time. The online booking services are available for flights
departing from four destinations – Hong Kong; Beijing, Shanghai, and Xiamen – with more to be
added later.”
BilltoBill is currently processing debit and credit card transactions for Dragonair flights from
cities in mainland China.
In addition, BilltoBill has completed the development of a ‘hosted call centre service’ that will
soon be launched into the China market. This service will allow existing and new merchants to
sell products and services through their call centres. Their call centre agents can enter
transaction and card information online in an application hosted by BilltoBill. In addition to its
transaction charges, BilltoBill will also invoice development and ongoing hosting fees. Sales
through the call centre appeals to the cultural needs of many Chinese to establish personal
contact when making a purchase.
Oriel’s Chief Executive Officer, Martijn Hovinga, commented today: “We have quietly and
consistently built the fundamentals of our payment service. I am excited to see substantial and
ongoing progress.”
About Oriel Communications Ltd. (ASX: OCO)
Oriel Communications Ltd is a public company, incorporated and domiciled in Australia. Oriel's
principal line of business is providing payment and related services to companies (merchants) in
Asia Pacific. In the business to business space Oriel offers the “BizztoBizz Accelerator”. The
BilltoBill business to consumer service is an outsourced payment gateway for helping
merchants to accept payments through multiple methods, such as credit cards, local debit cards
and bank transfers. www.orielcommunications.com.au
Contact
In China: Mr. Yang Lei, COO, [email protected] Tel: +86-21-5879 5450
Outside China: Mr. Martijn Hovinga, CEO, [email protected] Tel: Australia
03 9018 5431, Asia +65 96669276, North America (773) 8284522, or Europe +44 20 7933499