SmartPay platform generates record revenue of $260,000 in February
• Record monthly revenue achieved against a forecast of $201,000
• Growth achieved despite a forecast Chinese New Year seasonal lull
• About 70% of record monthly revenue is recurring and without further cost
• $1.14 million of revenue generated YTD from SmartPay with $705,000 in the last three months
• SmartPay revenue becoming more profitable - customer acquisition costs below forecast by almost 20% • Eighth consecutive month of growth for SmartPay platform in China
• Range of online and smartphone content purchased by consumers is becoming broader
Revenue rise, page-2
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