Key Points Pay88 is the leading reseller of online multiplayer game time in Chongqing, China Successfully captured 80% distribution of the online multiplayer game time through retail kiosks and Internet Cafés in Chongqing and is poised to physically expand into other cities where they are already selling through their online platform Currently distributes online multiplayer game time and prepaid game cards for over 600 online multiplayer games and has exclusivity agreements in Chongqing with 8 different companies for over 50 different games Exclusively distributes online game time and cards for major game operators including Shanda Entertainment (Nasdaq: SNDA) - net revenue in 2006 of $211.9 M USD. According to Pacific Epoch’s April 2007 Company Intelligence Report, Shanda Entertainment is still China’s most recognized online game company and Pay88 has exclusive distribution rights in Chongqing for approximately 20 of Shanda’s online multiplayer games including the very popular Legend of Mir 2 The reselling online multiplayer game time has generated the highest revenue stream and offers huge long-term potential China is predicted to be home to a $2.1 billion game industry by 2010 according to research & consultancy firm, Niko Partners Well positioned to capitalize on this growth opportunity by reselling of online multiplayer game time to consumers via its online virtual mall and its established distribution network in Chongqing, China (pop. +31M) Pay88 also distributes prepaid telephone cards for the major Chinese telecom giants (China Mobile, China Unicom and China Telecom) and hopes to capture a portion of the market of the approximately 200 million prepaid phone card users State-of-the-art technology and licensing agreement which enables Pay88 to directly withdraw funds from 19 different banking institutions Pay88 is one of only 30 companies in China that is capable of operating the online payment platform which enables the online withdrawal of funds Reseller agreements in place for distribution of products on their virtual mall www.iamseller.com
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