oeBusiness.com Selects VeriSign Payment Services to Provide International Payment Processing Solutions

Business Wire, May 10, 2000

Business and Technology Editors

HAMILTON, Bermuda--(BUSINESS WIRE)--May 10, 2000

oeBusiness.com (www.oebusiness.com), a global e-business solutions developer, announced today that it has signed an agreement with VeriSign, Inc., the leading provider of Internet trust services, to provide one-stop payment solutions and services for e-businesses reaching out to global markets.

Through this partnership, oeBusiness customers will now be able to leverage VeriSign's highly cost-effective payment services, enabling them to authorize, process, and manage online, real-time credit card payments.

"oeBusiness is committed to providing creative e-business solutions for e-commerce advancement on a global scale," said Colin Wood, CEO of oeBusiness.com. "VeriSign will provide thousands of retailers with increased revenue opportunities, new ways of reaching increased numbers of customers as well as enhancing existing customer relationships. oeBusiness.com is capitalizing on this growth by providing global-minded companies with immediate payment and e-business solutions to their e-merchants within the world's most proactive and comprehensive legislative framework," he added.

VeriSign's international merchants will now be able to take advantage of the company's Payflow(TM) payment services for speed and stability and oeBusiness' unique merchant account solution in Bermuda.

"As e-business growth continues worldwide, there is significant value in delivering payment services to international markets," said Mark McLaughlin, Vice President and General Manager of VeriSign payment services group. "We look forward to working with oeBusiness to offer the growing number of international e-businesses easy-to-use services to power their payment processing needs."

About oeBusiness.com

Headquartered in Hamilton, Bermuda, with offices in the U.S. and Canada, oeBusiness.com provides integrated e-business solutions and turn-key services that address the eBusiness needs of companies worldwide. oeBusiness.com is the exclusive beneficiary of Bermuda's "EBS Ltd. Act, 1999", which encompasses critical issues relating to contract formation and EU Data Protection. This provides oeBusiness.com with the opportunity to provide its clients "e-Suites" -- a legal corporate entity under which they can conduct business from Bermuda without the expense of incorporating or maintaining a physical facility on the island. Through a strategic relationship with the Bank of Bermuda, oeBusiness.com is the only e-commerce company offering the e-Suite business model. Applications for these virtual entities are available on-line at http://www.oebusiness.com oeBusiness.com and the Bank of Bermuda recently announced that the Bank had become an equity stakeholder in the Company and formed a strategic partnership that will extend the Bank's e-commerce solutions into worldwide markets by providing corporate customers with access to a new range of markets and unique services offered by oeBusiness.com.

Through strong and proactive relationships with Strategic Partners and leading service providers, oeBusiness.com delivers customized and innovative B2B and B2C business solutions to meet the requirements of each of its customers in an ever-changing e-commerce environment.

oeBusiness.com's parent company, TransWorld Group, (formerly London Telecom) is a leading affinity oriented, facilities based telecommunications reseller headquartered in Tampa, Florida.