ChoicePay Names New President and Chief Operating Officer

TULSA, OK, October 6, 2005 - ChoicePay®, one of the nation's largest electronic bill payment providers, named Greg Adelson as President and Chief Operating Officer of e-Money Systems/ChoicePay. Adelson comes to ChoicePay bringing with him more than ten years of successful executive level payment industry experience in both operations and sales management. Adelson will provide leadership and direction for the team at ChoicePay in pursuit of providing industry-leading customer responsiveness and operational excellence. This strategy will provide the backbone for leveraging a multi-faceted platform for projected revenue growth through the expansion and focus of both new products and distribution channels.

"Mr. Adelson brings a customer service excellence philosophy to ChoicePay that will serve as the basis for growth and revenue generation," said Roger Marshall, CEO of ChoicePay. "Since joining ChoicePay in August, 2005, he has begun the restructuring of the client service and IT areas, with a goal of providing outstanding service to our clients and their customers."

Previously, Mr. Adelson served as Chief Operating Officer for FSV Payment Systems in Houston, TX, a turnkey financial stored value processor, where he and his team developed a Customer Service and Operational Excellence philosophy that provided the benchmark for the stored value industry. From 1995-1999, he worked for National Processing Company (NPC) in a variety of management positions culminating with Vice President of Customer Service. In 1999, NPC sold the check processing division to International Check Services (ICS) based in Riverdale, NJ. Adelson served in executive management positions with ICS as Senior Vice President of Sales and Service, and later as the Chief Operating Officer.

"In the fourth quarter and into early 2006, we will continue to focus on implementing the plan that will provide the organizational structure and platform to provide industry leading responsiveness and operational excellence to all our current and prospective customers," says Greg Adelson, President and COO. "I have always been of the belief that exceeding customer expectations is a mindset, and we are formalizing our approach by bringing in additional talented leadership and structure to ensure that the philosophy cultivates throughout all levels of the organization."

Mr. Adelson received his Bachelor of Business Administration in Accounting from Texas State University. He and his family live in Tulsa, Oklahoma.


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