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stephenK

09/23/10 11:07 PM

#36269 RE: lazydog7 #36252

i-Pay is a registered Corporation under the Securities and Exchange Commission (SEC) Registration No. CS2000615880 and is a registered Remittance Agent (RA) under the Bangko Sentral ng Pilipinas (BSP) with Certificate No. FX-2007-001680. I-Pay has a capitalization position to maintain compliance of BSP’s requirement for any Electronic Money Issuer-Others (EMI-Others).