Verizon Wireless customers will soon have another option when they shop
other than just cash or credit -- they will be able to pay using their
wireless phones.

. Obopay, the first comprehensive mobile payment service in
the U.S., today announced with Verizon Wireless, the leading wireless
company with the most reliable voice and data network, they plan to make
Obopay's services available to Verizon Wireless customers in the coming
weeks. Obopay is the first mobile payment offering for any major U.S.
carrier, and it will allow Verizon Wireless customers to make purchases
easily and directly from their mobile phones.

The Obopay service allows users to receive, send and spend money
instantly and effortlessly via their mobile phones -- whether shopping at
their favorite store, going to the movies or dining with friends. Users can
immediately access their mobile money using an Obopay prepaid
MasterCard(R), which can be used at any ATM or retail outlet that accepts
credit cards. With Obopay's user-friendly features, users can also check
their account balances, collect money owed from other mobile users, view
transaction histories, and invite friends to use the service.

"After a series of industry-firsts, Obopay has once again shown
unrivaled leadership by working toward making its services available on the
Verizon Wireless network," said Obopay chief executive officer, Carol L.
Realini. "We look forward to working with Verizon Wireless to deliver our
mobile payments services to its customers."

Obopay will initially run on Verizon Wireless mobile phones as a
BREW(R) application that can be downloaded from the Verizon Wireless Get It
Now(R) online catalog. After downloading the application, users will be
able to sign up for the service directly from their Verizon Wireless mobile
devices or at http://www.obopay.com. Signing up friends will be easy -- users
simply send cash to prompt others to sign up or issue mobile alert invites.
The service will also be made available as part of Verizon Wireless' Mobile
Web 2.0(SM) service. Download charges for Get It Now applications vary and
airtime charges apply when browsing, downloading and using certain
applications.