PAYNOVA SIGNS GLOBAL PARTNERSHIP AGREEMENT WITH GS SOFTWARE SOLUTIONS GMBH FOR PAYMENT SERVICES IN ESHOPS

Today Paynova is signing a partnership agreement with GS Software Solutions GmbH (GS), a company of the GS Software AG in Dortmund. GS Software is an internationally active software system and consulting house with subsidiaries in Germany, UK, and the USA. The e-commerce platform, GS ShopBuilder is already successfully established worldwide. The agreement means that Paynova’s payment solutions will be included as standard and offered as one of the available payment options in the new storefront – GS ShopBuilder 6.

“We chose Paynova as a partner to give our customers a modern, versatile, cost-effective payment solution. Smart payment options like Paynova are essential to enhance the offering to our online Merchants and encourage sales at their stores,” says Hans-Helmut Berg, Managing Director, GS.

Paynova is offered as one of the payment options in the latest version of GS ShopBuilder 6. Starting latest Q3 2006 the new version will power the latest Strato edition of the ’STRATO Kompakt-Shops’.

“Thanks to GS’ powerful organisation, international brand, and effective software we can attract thousands of new customers in a short time. It’s a good mutual deal where Paynova can facilitate GS’ further expansion and reach in Europe and beyond. We are very excited to work with GS in this partnership to pursue the market potential presented by the growth of internet commerce,” says Lars Ekstedt, Managing Director of Paynova.

Paynova’s payment solution has already been implemented and tested on the e-commerce platform GS ShopBuilder 6. Online merchants can be sure the turn-key solution works immediately from day one. Other benefits for Merchants include guaranteed payment and the elimination of credit risk as well as a convenient online account management facility. Furthermore, Merchants do not have to deal with acquiring agreements with banks. Paynova gives them access to credit cards such as VISA, MasterCard, Euro card and Diners Club along with 15 local payment options in several countries in Europe.

The deal involves 3 partners which of one is listerus & partners, Paynova’s German Business Development Partner, which was an important part of the completion of the deal.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Lars Ekstedt, Managing Director

Telephone: + 46 (0)703-74 27 37

Hans-Helmut Berg, Managing Director, GS

Telephone: + 49 (0) 231-97 50 77 340

GS Software Solutions GmbH, a company of the GS software AG in Dortmund, is a leading vendor of e-business software for hosting providers and enterprise customers. As a market leader in the area of German-speaking countries and beyond and as well with a worldwide network of clients, GSAG stands for sustainable e-commerce success. The upward compatible GS ShopBuilder family is as a B2C and B2B solution the proven standard for small and mid-sized businesses. Additionally individual shop applications will be provided based on the requirements specifications of the client.

Leading Internet Service Providers and Portals use GSAG software to offer their mid-size customers a mature and future-proof e-business platform. GSAG products enable every business to take advantage of online commerce. The simple administration, low pricing, and a wide feature range are optimally suited to the requirements of mid-sized companies – from simple Web shops to complex enterprise solutions.

ABOUT PAYNOVA

Paynova offers an international, account-based payment service via the Internet. With Paynova as the only counterpart, e-retailers get a payment guarantee for around twenty payment options in 10 languages with 8 currencies in a security-certified interface (PCI). Consumers can open an account, a Paynova wallet, for free on the Internet to make purchases more secure and simpler, as well as look after transfers between family members, friends and acquaintances.

Paynova has agreements with around 1,000 e-retailers. Most are found in the following prioritised segments: travel, retailing and media/network games. The company has been listed on NGM Equity since February 2004. For more information: www.paynova.com