Contact Information: Contact: Consulting for Strategic Growth 1 Investor Relations Stanley Wunderlich CEO 1-800-625-2236 Fax: 1-646-205-7771 info@cfsg1.com www.cfsg1.com Media Relations Daniel Stepanek EVP 1-646-205-7767 Fax: 1-646-205-7771 dstepanek@cfsg1.com
Pay88, Inc. Retains Consulting for Strategic Growth 1 for Investor Relations Counsel
| Source: Pay88, Inc.
BARNSTEAD, NH--(Marketwire - July 2, 2008) - Pay88, Inc. (OTCBB : PAYI ) today announced
that it has engaged New York-based Consulting for Strategic Growth 1
(CFSG1) to provide strategic counsel for its investor relations program.
CFSG1 specializes in introducing domestic and international emerging growth
companies to American financial markets.
Pay88 is the leading reseller of online multiplayer game time throughout
China selling its prepaid game card products in more than 20 Chinese
cities.
Guo Fan, president and CEO, Pay88, said, "We look forward to working with
Consulting for Strategic Growth in helping us raise our profile among
investors in the United States. The firm is highly regarded for its
expertise in capital formation and their broad network of public and
private investors who can help our company grow. We welcome them in
working with our management team."
Stanley Wunderlich, CEO, CFSG1, said, "Pay88 is an exciting young company
which stands out among online game time companies in China. Its management
team is particularly strong which includes considerable international
experience. We look forward to helping Pay88 gain recognition and interest
among potential investors."
About Pay88, Inc.
Pay88, Inc. (OTCBB : PAYI ) is a leading reseller of online multiplayer game
time in China. The Company has successfully captured the leading
distribution of online multiplayer game time in China utilizing such
popular consumer establishments as retail kiosks and internet cafes. Over
the next 12 months, the Company plans to continue to develop new internet
distribution web sites and increase its overall product line as well as
expand into many additional Chinese cities. For additional information,
visit www.iamseller.com/English/index.aspx
About Consulting for Strategic Growth 1, Ltd.
New York-based CFSG1 has decades of corporate development experience
combined with broad personal outreach in the private equity markets and
Wall Street broker/dealer communities. CFSG1 is a leader in reverse
mergers, investor and public relations, and corporate development for
small-cap companies, both domestic and international. Its portfolio
includes businesses based in the United States, China, South Africa and
Canada. CFSG1's strategic relationships include Rodman & Renshaw, Inc., a
full service investment bank nurturing emerging growth companies since
1951; Brookshire Securities, a leading Florida investment firm specializing
in the needs of small and medium-sized companies; and Chinese WorldNet.com,
Inc., a worldwide financial platform focused on small and mid-sized Chinese
companies. For more information, visit www.cfsg1.com
Forward-Looking Statements
Certain information contained in this news release, including without
limitation, statements related to Pay88's outlook for 2008, which are based
on management expectations, is considered forward-looking statements.
Investors and prospective investors are cautioned about factors which have
in some cases affected Pay88's actual results and could affect its actual
results and cause them to differ materially from those expressed in any
such forward-looking statements. Actual results may also differ over
factors which the Company has no control including general economic and
business conditions, earthquakes or effects of war or terrorists acts on
the capital markets or on company activities. Please refer to Risk Factors
contained in the Company's annual report on Form 10-K filed with the
Securities and Exchange Commission on March 31, 2008.
Pursuant to a July 1, 2008 contract, Consulting for Strategic Growth 1,
Ltd. (CFSG1) provides Pay88, Inc. with strategic consulting, business
advisory, and investor and media relations. Independent of CFSG1's receipt
of cash compensation from Pay88, CFSG1 may choose to purchase the Company's
common stock and thereafter liquidate those securities at any time it deems
appropriate.