SOURCE: Pay88, Inc.

July 02, 2008 11:00 ET

Pay88, Inc. Retains Consulting for Strategic Growth 1 for Investor Relations Counsel

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.

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