FOOTHILL RANCH, CA - April 17, 2004 - Debisys, Inc., a leading provider of prepaid transaction processing solutions, and eCatalystOne a supplier of global online payment systems announced today a definitive agreement to merge the companies.

The announcement brings together a unique combination of prepaid technologies that provide a comprehensive and powerful set of services.

Dennis Andrews, CEO of eCatalystOne commented “We’re excited about the merger of the two companies. The prepaid telephony market is rapidly growing and we believe the combination of the two companies positions us to further capitalize on this growing market. Furthermore, our experience in cross-border transactions combined with the Debisys network brings a very compelling offering to new and existing customers.”

The merger brings several key executives to Debisys and the combined companies will be located in Foothill Ranch, California.

About eCatalystOne
eCatalystOne, based in Newport Beach, Calif., is an Internet technology company focused on building the infrastructure necessary to enable non-credit based payment solutions for online transactions. The company's first product, the highly-scalable ePAID system, provides major distribution partners the opportunity to issue their own branded prepaid instruments for consumers to use for online purchases in an environment that provides unprecedented security, total anonymity and is not dependent on credit systems in any way.

About Debisys, Inc.
Debisys, Inc. is a leading supplier of prepaid solutions; including full service products such as prepaid cellular, long distance, internet, MasterCard, debit cards, stored value cards and billpay. The companies POSA network has over 12,000 active terminals and processes over $100m a year in product sales. The companies Flexcharge and Direct Top Up products allow for PINless recharge of cellular accounts and further reduces operation costs for carriers. For more information, please visit the company web site at www.debisys.com or email info@debisys.com.

Contact: Stephen Combe
stephen@debisys.com
(949)699.1401