WITH 47.3 MILLION PASSENGERS AS IN 2005 ORIEL WILL MAKE SOME...

WITH 47.3 MILLION PASSENGERS AS IN 2005 ORIEL WILL MAKE SOME NICE REVENUE FROM THIS ONE CONTRACT ALONE?


BilltoBill to partner China Southern for payment processing solution
BilltoBill Limited, a wholly-owned subsidiary of Australian online payments solutions provider Oriel Communications Limited, has signed a Memorandum of Understanding with China Southern Airlines Company Limited.

The company says it is the first online payment company to become an online payment partner to a
Chinese airline for its international business. For the company the development follows the recent signing of Singapore Airlines routes into China.

BilltoBill will provide a payment processing solution for CSA’s international online travel business, using credit cards and other payment methods.

The company stated that it is the first online payment company to be used by any Chinese airline for its international business transactions. The agreement with BilltoBill represents a new distribution channel to CSA’s existing international business.

CSA is China’s largest airline. In terms of traffic volume, CSA reported that in 2005 it carried a
record 43.7 Million passengers (domestic and international), representing one-third of the total
passenger traffic amongst all Chinese airlines.

Oriel’s chief executive officer Martijn Hovinga, said “We were successful in concluding an arrangement with CSA due to their desire to become the first in China to offer an online payment solution to their
international travel customers. In addition, our exposure in China and more specifically in the airline industry allowed BilltoBill to secure CSA in what is expected to be our largest client by transaction volume.”

BilltoBill 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.

BilltoBill expects to finalise the signing of a Payment Services Agreement with CSA in the near
future, when it will commence processing transaction for CSA’s international air travel business.

Someone give Yang a call, 5.5c is ridiculous come on lets WOK and WOLL with the Chinese. I Twied to call but got a WONG number.. Too many WONGS Got to get it WIGHT or I won't have enough money to pay my BILLTOBILLS. :(