The Thrifty Nickel Newspaper Selects Global eTelecom, Inc. & Integrity Card Services For Electronic Check Conversion Solutions

Business Wire, July 24, 2003

Business Editors/High-Tech Writers

DESTIN, Fla.--(BUSINESS WIRE)--July 24, 2003

Global eTelecom, the national leader in the Electronic Check Conversion (ECC) industry, announced today that the Corporation, along with Integrity Card Service, would provide The Thrifty Nickel with an integrated, complete electronic check solution program to service their customers. Global eTelecom's customized technology will enable Thrifty Nickel to accept and process paper checks electronically, similar to a credit card transaction, thus adding increased value and efficiencies.

"Due to The Thrifty Nickel's nationwide locations and multiple payment acceptance methods there was a necessity to streamline the processing of payments. Thrifty Nickel is continuing the effort to support their offices with consumers preferred payment method, the paper check, and have implemented electronic solutions at select locations. Solutions include the Global eTelecom check conversion and guarantee program for their consumers check transactions at the point of sale combined with electronic check conversion of check payments mailed in (through the new Account Receivable Conversion NACHA guidelines)," said Chris Brundage, Sr. Vice President of Global eTelecom.

"With a readership larger than USA Today or Wall-Street Journal, Thrifty Nickel Newspaper is the largest and most recognized name for classified advertising in the U.S. Obviously, the infrastructure required for processing thousands of transactions through multiple locations has been a very complex process. Over the past year, Integrity Card Services has been strategizing with Thrifty Nickel Newspaper to provide a more cost effective and efficient electronic transaction solution. In addition to providing Thrifty Nickel the right solution for processing credit cards via the largest credit card processor in the country, Integrity Card Services recommended only one company to handle the complexity of check {conversion} processing...Global eTelecom. When it comes to handling other people's money and the flow of corporate funds, there is no margin for error," commented Jonathan Grubbs, President, Integrity Card Services, Inc.

"We are extremely pleased to be working with Global eTelecom, Inc. & Integrity Card Services to enhance and streamline our company's electronic payment solution. This relationship creates the opportunity for the Thrifty Nickel remote locations to consolidate their nationwide processing under one roof and expands the available payment methods for both our online and brick and mortar customers," said Paul McArthur, Director of Business Development for American Classifieds LLC and ThriftyNickelAds.com.

About Global eTelecom, Inc.:

Providing TOTAL Check Solutions. Global eTelecom provides its proprietary, fully customizable XML based electronic check processing services to a nationwide network of banks, independent sales agents and associations, credit card processors, insurance companies, and retail merchants, ranging in size from small "Mom & Pop" stores to national retail chains. Global eTelecom's Electronic Check Services include: Electronic Check Conversion (Point-of-Purchase), Electronic Mail Order/Telephone Order Checks (MOTO), ARC Lockbox Conversion, Electronic Recurring Debit, Electronic Represented Check Collection (RCK), Electronic Check Image Capture, and Secure Web Based Check Image Retrieval. Global eTelecom's proprietary electronic check services are Licensed Under U.S. Patents: 5,484,988; 6,164,528; 6,283,366; and 6,354,491 from LML Payment Systems Corp. More information on Global eTelecom can be found on the company's website at http://www.globaletelecom.com

About Integrity Card Services:

ICS is a directly registered ISO with Visa and MasterCard, ICS is one of Paymentech's fastest growing strategic partners. Paymentech is the largest processor in the U.S. (based on number of transactions). Integrity Card Services provides a complete solution for all forms of electronic payment...including: Credit & Gift Cards and Check Conversion and Guarantee Processing.

About Thrifty Nickel:

The Thrifty Nickel has been a household name for more than 30 years and has published over 400 million private party classified ads, making the Thrifty Nickel the LARGEST free classified newspaper in the United States. The Thrifty Nickel is FREE to our readers and is distributed to many locations in and out of cities, across the United States. Our paper is printed and distributed every Thursday with weekly circulation well over 4.1 million papers. All of our classified ads and many of our commercial ads area also available online at http://www.thriftynickel.com. The Thrifty Nickel is currently published in 23 states and in the Washington DC area with additional cities opening soon. There are more than 100 Thrifty Nickel papers nationwide.