|Toronto, Ontario - April 23, 2003 - iGlobalMedia chooses Navaho Networks Inc. for their suite of payment processing solutions.Navaho today announced that iGlobalMedia has fully integrated Navaho’s payment solutions and licensee, PlanetLuck Casino OnLine has begun processing transactions using 900Pay services. Since 1997, more than 90 million games have been played and over $200,000,000.00 U.S. processed at PlanetLuck Casino Online. They have welcomed more than 100,000 players, many of whom have remained with them from the start. Their combined payout to clients exceeds 97.0% (which is greater than you will find at land -based casinos). For more information about PlanetLuck Casino, visit: http://www.planetluck.com. |
Over the next few months, iGlobalMedia will be rolling out their remaining vendors onto the 900Pay system which will significantly enhance Navaho Networks position as an industry leader for online payment processing.
Since 1997, iGlobalMedia has grown into a professional organization of 130 members, successfully managing more than 3,000,000 visitors per day, millions of dollars in monthly deposits, and one of the largest systems on the Internet today, with more than US$200 million in financial
transactions and over US$4 billion in wagers. iGlobalMedia has successfully launched more than 100 on-line gaming sites that are both rich in content and beautifully designed. Backed by a support team of more than 90 persons in the Caribbean, and powered by a team of more than 75 of India's most elite engineers and business graduates, iGlobalMedia is focused on delivering top quality, next generation systems to stay ahead of the industry. For more information about iGlobalMedia, visit: http://www.iglobalmedia.com.
About Navaho Networks
Navaho develops and delivers a full suite of payment services including 900Pay, TeleBuy and credit card services to merchants who are selling products over the internet, on television and via telemarketing services. Navaho has developed and deployed two proprietary payment technologies; 900Pay and TeleBuy with a third technology, TeleDebit, scheduled for market release in the second quarter of 2003. These technologies provide merchants with the ability to accept payments from home shoppers who are either uncomfortable using their credit card online or, for one reason or another, are unable to use credit cards. Navaho's services provide merchants with the industry's most secure and easy to use payment solutions resulting in significant increased sales conversions, customer acquisitions and reduced chargebacks.
For more information, visit: http://www.navahonetworks.com.
FOR MORE INFORMATION PLEASE CONTACT:
Vice President, Finance
Navaho Networks Inc.
170 University Ave., Suite 602
Toronto, Ontario Canada
P.416.542.1590 EXT. 111