BOSTON, MASSACHUSETTS — October 7, 2004 —MoreMagic Solutions, the premium provider of software solutions to enable charging and payment of premium content and services today announced that they had entered into a license agreement with Simpay.

The agreement entitles MoreMagic to incorporate Simpay compatibility into its MBroker product. MBroker provides authentication and payment services to merchants or content providers, financial service providers, operators. prepaid and postpaid solutions and other value added service providers. It is standards-based, highly flexible and very scaleable middleware server which facilitates authentication, authorization, accounting and Audit (AAAA) of payment services initiated from variety of devices over various networks. The system can be used for both micro and macro payments, for example payment for digital content, streaming audio and video, and purchase of physical goods online. The system supports event-based billing, time-based billing and volume based billing, hence providing the customer a flexible transaction management solution.

"The compliance with the Simpay specifications gives our customers and partners another option in mobile payments and clearly demonstrates MoreMagic's openness in complying with industry standards and technologies. Our customers can look to us for providing both micro-payments and macro-payments off the same platform" says Pankaj Gulati, President and CEO of MoreMagic.

About MoreMagic Solutions
MoreMagic Solutions is the market leader in carrier-class cross-platform transaction solutions for mobile service providers. MoreMagic's product range enables dynamic pricing and payment of a wide variety of network services and applications over all 2G, 2.5G, and 3G networks. The company's transaction and payment solutions extend the reach of service providers from access to payment transaction management, allowing service providers to leverage added value from their existing subscriber base, billing systems and referential information such as location data. MoreMagic is headquartered in Newton, Massachusetts. More information on MoreMagic Solutions and its products can be found at www.moremagic.com.

About Simpay
Simpay was founded in 2003 by Orange, Telefonica Moviles, T-Mobile and Vodafone. It was created to drive m-commerce through the creation of a payment scheme that allows customers to make purchases through mobile operator-managed accounts. The name, Simpay, distinguishes the company as a separate entity from its founding members and establishes the brand as a mobile payments company. The Simpay brand signifies the simplicity with which mobile commerce transactions will be made in the future and defines a new function for mobile phones around the world. For more information please visit: www.simpay.com.

Press Contact:
Simpay
Maja Hauke
Brands2Life
+44 207 592 1200
maja.hauke@brands2life.com

Press Contact:
MoreMagic Solutions
(617) 244 1598
press@moremagic.com