Blue Bamboo and EFT Networks Announce an Exclusive Distribution Partnership for Wireless EFTPOS Payment Solutions.

ADELAIDE, Australia -- Blue Bamboo and EFT Networks have partnered in an exclusive distribution agreement that will bring the H50 Wireless Payment Terminal to the Australian and New Zealand markets.

Blue Bamboo's all-in-one wireless H50 is a versatile handheld POS terminal that supports several communication modules, including GPRS, Bluetooth, and dial-up connectivity. With a multi-application environment that supports credit, debit, check, gift and loyalty payments, as well as a sleek ergonomic design, the H50 enables mobile professionals to receive electronic payments in a simple, portable and affordable manner. The H50 was the first wireless terminal to receive PCI-PED POS B certification, and also provides EMV Level 1 & 2 certification to ensure merchants meet compliance requirements. The H50 delivers merchants the rich feature set expected from a wireless payment device, without paying a premium.

"Blue Bamboo's expansion into Australia and New Zealand continues to demonstrate the value of our technology for markets that place high demands on security, reliability, and portability," said Jason Jones, CEO of Blue Bamboo, "Together with EFT Networks we look forward to delivering merchants an affordable wireless terminal platform that evolves as their needs develop over time."

"EFT Networks specializes in all forms of payment technology and the Blue Bamboo H50 Terminal will be the flagship of our product suite," said Blair Baxter, Co-Founder - Chairman & Director of EFT Networks. "Multi-application support that enables non-financial and financial applications to reside together as well as a modular approach to communication enables our merchants who are searching for a low cost, yet reliable payment device to realize unique value propositions. We have generated enormous interest from merchants, resellers and banks for our suite of professional products and services built around the H50, we believe it is well positioned among the next generation EFTPOS technologies coming to market."

Certifications with local banks and resellers are currently in progress. Interested parties can order the H50 Terminal, H50 Evaluation Kit, and accessories by contacting EFT Networks.

About Blue Bamboo: Blue Bamboo designs and markets feature-rich and exceptionally affordable products for the POS terminal and peripherals industry. Blue Bamboo's robust electronic payment technology delivers scalable, customer-centric wireless and retail payment solutions which meet PCI and EMV standards all in a secure, reliable and versatile design. Visit www.bluebamboo.com or email [e-mail].

About EFT Networks: EFT Networks are industry leaders within their areas of expertise inside the electronic payments technology, banking and telecommunication fraternities. These dynamics enable EFT Networks as a group to identify, quantify, and commercialise solutions as subject matter experts in the Australian and New Zealand banking industries. Built on more than 75 years of collective experience, EFT Network's solutions manage each area of the payment transaction cycle from authentication, authorization, settlement, dispute resolution and reconciliation - enabling our clients to reduce transaction costs, eliminate fraud, minimise risk, maximise cash flow and increase profitability. Visit www.eftnetworks.com or email [e-mail].