OCO oriel communications limited

ORIEL SIGNS FIRST ONLINE PAYMENT SERVICES CONTRACTWITH CHINESE...

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    ORIEL SIGNS FIRST ONLINE PAYMENT SERVICES CONTRACT
    WITH CHINESE TRAVEL AGENCY
    Melbourne, Australia, August 8, 2006 – BilltoBill Limited, a wholly owned subsidiary of
    Australian online payments solutions provider, Oriel Communications Limited (ASX: OCO) has
    entered into an agreement to supply payment services to Guilin Brilliant Pearl Comfort Int'l
    Travel Service Co. Ltd (GPITS), a major national travel agency network in China.
    GPITS (Chinese website: www.glcct.cn or English website: www.discoverchinatours.com) will
    use the BilltoBill online payment service to sell travel products to Chinese and non-Chinese for
    their travel arrangements in China.
    BilltoBill will provide exclusive payment services to GPITS for Chinese debit/credit card, as well
    as visa and mastercard.
    Oriel’s COO, Mr Yang Lei, said: “This is another step in our strategic efforts to service the travel
    market in China. This comes on the back of our success in signing with Singapore Airlines for
    travel into China and China Southern Airlines for their international travel business, and we
    anticipate these agreements will raise our profile in this market when targeting other prospective
    merchants across China.”
    Potential revenues from the GPITS arrangement cannot be determined at this time, however
    BilltoBill Limited will disclose transaction volume performance once a sufficient period of
    processing has taken place via the BilltoBill payment service, and ultimately a prediction of
    future earnings.
    Testing and integration of the BilltoBill payment system with Sonopress has been completed
    and BilltoBill will commence processing transactions when advised by GPITS.
    About Oriel (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)
    selling in Asia Pacific through the internet and other distribution channels. This service is called
    BilltoBill and enables our merchants to accept payments from their customers by international
    credit cards, local proprietary cards and other methods of payment.
    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
    3 9018 5431, Asia +65 96669276, North America 773 8284522, or Europe +44 20 7933499
 
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