SOURCE: Socialwise, Inc.

Socialwise, Inc.

March 10, 2011 09:33 ET

Isaac Blech Joins Socialwise Board of Directors

SAN DIEGO,CA--(Marketwire - March 10, 2011) - The management of BillMyParents, the teen payments solutions brand from Socialwise, Inc. (OTCBB: SCLW), is pleased to announce the appointment of Isaac Blech to the company's Board of Directors. Currently serving as a member of the Strategic Advisory Board for Medgenics, Inc. and the Board of Directors of ContraFect Corporation, Mr. Blech joins fellow Socialwise Board members Mark Sandson, Chris Nicolaidis and Chairman Jim Collas.

"Isaac brings us the wealth of knowledge he has gained over many years supporting early stage companies as an investor, advisor and director," noted Jim Collas, president and CEO of Socialwise. "He is a strategic thinker with a medium to long-term perspective and will bring unique talents to our Board." Included among Mr. Blech's notable achievements, he was a founding shareholder and/or Board member of several pharmaceutical companies, including Celgene, ICOS Corporation, Nova Pharmaceutical Company and Pathogeneses Corporation.

"I look forward to serving on the Socialwise Board of Directors and contributing my experience," said Mr. Blech. "What Socialwise is doing in the teen payments space is timely and relevant. As with my previous decision to invest in the Company, I felt this was a great opportunity to get involved on a meaningful level as the management team attempts to build a market leading brand."

For more information, please visit: www.billmyparents.com

About BillMyParents
BillMyParents provides payment solutions for families with teens 13 - 18. Our solutions range from giving parents complete control over purchases to simply monitoring purchase transactions. We facilitate communication between parents and young people and help teach financial responsibility. Follow us on Twitter: @BillMyParents and on Facebook: BillMyParents. For more information: www.billmyparents.com

About Socialwise, Inc.
Socialwise, Inc. (OTCBB: SCLW) is headquartered in San Diego, CA. and is currently seeking shareholder approval to change its legal name to BillMyParents, Inc. For more information: www.socialwise.com

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