News from the Wire

GlobalCollect partners with DX Enchange for DCC

Monday, November 17, 2008 — 11:46:58 (EST)

Amsterdam, The Netherlands, Nov. 17, 2008, -- DX Exchange, a Dutch 3D media company and Virtual Service Provider, has teamed up with GlobalCollect to allow Residents of Second Life(R), the popular 3D online virtual world created by Linden Lab(R), to exchange Euros for Linden Dollars, the currency used to pay for goods and services offered in Second Life. The local e-payment methods offered via GlobalCollect's single-interface platform WebCollect will initially be direct debits plus Giropay, Paysafecard, Ukash, and Wallie in Germany as well as iDeal, Paysafecard, Ukash, and Wallie in the Netherlands. Future plans entail expanding this service to the UK, France, Belgium, and other European countries.

Via GlobalCollect's online payment platform WebCollect, the Second Life community already had the ability to buy Linden Dollars by means of credit card payment in US Dollars since 2007. The newly formed cooperation between DX Exchange and GlobalCollect enables European Second Life Residents now to acquire Linden Dollars by paying in Euros and soon British Pounds. Plus, they can select from a choice of preferred local payment options while receiving local language support.

Bart Bockhoudt, CEO of DX Exchange said: "Teaming up with GlobalCollect gives us the opportunity to expand into the rest of Europe faster and on an even more professional level. Meaning, we can focus on our core business of providing local support." Jan Manten, CEO of GlobalCollect, continued "We've already been servicing credit card transactions in US Dollars for Second Life since April 2007. Thanks to the collaboration with DX Exchange we can now expand this service to include European currencies and a wide choice of popular local payment methods. In addition, we offer a comprehensive Fraud Screening Service to minimize the risk of fraudulent transactions within the online environment."

About DX Exchange

DX Exchange is a Dutch 3D media company and Virtual Service Provider that offers its services in the field of virtual Internet. Since 2007 DX Exchange has been creating and running 3D communities. DX Exchange was founded in 2006 as a currency exchange office for the Dutch community in the Second Life virtual world, and is currently expanding to the surrounding countries. The DX Exchange payment system makes it possible to exchange Euros for virtual money and vice versa, using accepted and leading local payment methods and support. Currently in Second Life the company serves some 13,000 customers. www.dxexchange.com .

About GlobalCollect

GlobalCollect is the world's premier Payment Service Provider of local e-payment solutions for international Customer Not-Present (CNP) businesses such as internet, mail and telephone orders and specializes in a wide range of industries such as travel, ticketing, telecommunications, retail, publishing, portals, online games and digital content. While most providers limit their payment services to a technical link with payment acquirers, GlobalCollect is a full-service partner providing a comprehensive serviceportfolio from contractual and technical solutions to local payment processors worldwide, bank account network management, matching, reporting and finally fund remittance. Through one single web-enabled technical and administrative interface, our online payment platform offers the largest range of local e-payment methods and currencies in over 200 countries, including all major credit and debit cards, direct debits, bank transfers, real-time bank transfers, eWallets, cash at outlets, prepaid methods, checks and invoices. www.globalcollect.com .

The Green Sheet Inc. is now a proud affiliate of Bankcard Life, a premier community that provides industry-leading training and resources for payment professionals. Click here for more information: bankcardlife.com?orid=33533&opid=1 .

Source: Company press release.