Emida Announces Strategic Partnership Agreement With Moretime Europe

Miami – September 5, 2003. More Time, an European based provider of Worlwide International Long Distance calling services and Emida, a provider of transactional networks for electronic prepaid distribution, bill payment and money transfer targeting the Global Hispanic market, have agreed to jointly deploy and operate the PUNTOflex network in Europe.

The companies will enable the electronic distribution and replenishment of multiple services including prepaid international long distance and wireless services, Internet access and other telecommunication, entertainment, and media services in Europe.

More Time has commercial presence in Spain, Portugal, France, Germany, Italy, Switzerland, Denmark, Sweden, Norway and Finland where the company offers international long distance prepaid services. Under the agreement, More Time Point’s of Sale will be integrated to the PUNTOflex Network where MoreTime’s prepaid products will be offered electronically.

Manuel Nuñez, COO of EMIDA, stated, “We are enthusiastic about the agreement and its potential. MoreTime’s products have an excellent reputation in Europe and we are excited to integrate their product offering and to significantly expand the PUNTOflex network in the region.”

“EMIDA allows MoreTime to get exposure through the vast PUNTOflex network in the Global Hispanic Market and to increase margins by adopting an electronic prepaid distribution and replenishment strategy,” commented Rene Rasmussen, President and CEO of MoreTime.

About Emida
Emida is deploying PUNTOflex, a growing electronic transaction-processing network which enables electronic prepaid service distribution, bill payment, money transfer, and stored value card processing. Emida is focusing initially on the Global Hispanic and Latin American markets.

For more information on Emida’s products and services visit www.emida.net

About MoreTime
More Time is an international telecommunications company that provides long distance telephony services and products for telecom retailers throughout Europe. More Time has focused its commercial strategy in the development and distribution of prepaid services, products and technology. Additionally, the company is a source of state of the art technology for the Telecommunications Industry world wide.