99Bill to Enable Paying Music Downloads in China

99Bill to Enable Paying Music Downloads in China

BEIJING and SHANGHAI, China, Aug. 2 /Xinhua-PRNewswire/ -- 99Bill Corporation (http://www.99bill.com/ ), the first company in China offering email and mobile phone number based online payment platform and solutions, today announced partnership agreements with China's two leading Internet music download sites 9Sky.com (http://www.9sky.com/ ) and Kuro.com (http://www.kuro.com.cn/ ). According to the partnership agreements, 99Bill will provide online payment solutions to these two partners' music download services, and help to promote copyrighted music distribution and fight back against the country's pirated CDs.

Online music download is very popular among China's 100 millions Internet users. According to the partnership agreement, Kuro and 99Bill will jointly release a customized version of the popular Kuro music download client software with 99Bill payment solutions. Internet users will have the opportunity to have a 15-day free trial of unlimited downloads, after which pay the monthly subscription fee with 99Bill's convenient and secured payment service enjoying access to 500,000 copyrighted music titles. Meanwhile, in a separate agreement, 99Bill will provide online payment solutions and allow 500,000 music titles to be downloaded at another leading online music download service provider 9Sky.com. 99Bill is working with 9Sky to design special promotional programs, such as issuance of digital coupon for 2-day free trial as well as pay-per-download service.

"99Bill is the first company offering email and mobile phone number based online payment solutions in China, and today's announcement demonstrates our ability to develop innovative payment solutions for local digital content service and application providers" said Oliver Kwan, CEO of 99Bill, "These partnerships are part of 99Bill's ongoing efforts to secure strategic relationships with leading Internet companies in China and establish the company as a leading third party online payment service provider in China".

The total transaction volume of Internet products and services, as well as wireless value added services in China, reached USD 2.8 billion in 2004. However, most of these transactions were conducted through legacy and high cost payment means, such as C.O.D, postal wire, pre-paid cards and bill collection service by mobile operators. To meet the growing market demand for comprehensive and integrated online payment solutions, 99Bill officially launched its online payment services in China early this year. Now, anyone or any business with a verified email address or a mobile number can accept debit card and credit card payment in real time, and send and receive payments easily, securely and promptly on 99Bill platform without the need to expose recipient's personal information such as bank account, name and address. In addition, Internet users and business customers can choose from 99Bill's diversified product portfolio and innovative merchant tools to meet their personal and business needs. 99Bill has established direct debit card and credit cards processing capacity with leading domestic banks in China, enabling any online user and business to receive debit and credit payment covering over 2.7 billion international and domestic issued bank cards. The company is committed to develop innovative and high value-added services to serve the growing market demand for fast, secure and convenient online and wireless payment solutions in China.

About 99Bill

99Bill Corporation is the first company in China offering email and mobile phone number based online payment platform and solutions. The Company's founding members are seasoned entrepreneurs in China's Internet industry and have extensive experience in product development, technology innovation, marketing and capital financing. The company's products and services aspire to provide secured, integrated and confidential payment platform, as well as innovative payment and merchant tools to e-commerce operators, Internet and wireless service providers and individual users. 99Bill's payment services currently cover over 2.7 billion domestic and international debit and credit cards, as well as support bank wire, postal wire and pre-paid card transactions. 99Bill is currently partnering with leading domestic and international Internet companies to enable payment collections for various Internet and wireless applications and will continue to introduce new products and services to the market in the near future. For further information, please visit http://www.99bill.com/ .

For more information, please contact:

Ms. Olive Zhou/Janet Mu 99Bill Corporation Tel: +86-10-8454-9510 x802/809 Fax: +86-10-8454-9515 Email: ozhou@99bill.com/ jmu@99bBill.com

Mr. Wang Zhao / Zeng Mingxuan Tel: +86-10-8284-5139 / 37 x213 or 215 Fax: +86-10-8284-4520 Email: zeng@proway-consulting.com

Source: 99Bill Corporation

CONTACT: Ms. Olive Zhou or Janet Mu, 99Bill Corporation, +86-10-8454-9510

Web site: hhtp://www.99bill.com

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