SOURCE: SafePay Solutions, Inc.

October 06, 2006 11:23 ET

SafePay Gross Processing Transactions Continue to Grow for the Ninth Consecutive Month

NEW YORK, NY -- (MARKET WIRE) -- October 6, 2006 -- SafePay Solutions, Inc. (PINKSHEETS: SFPS) announced today that for the month of August, SafePay Solutions, Inc. took in $8,336,984.24 in gross processing transactions compared to $7,088,066 in July and $5,841,672 for the month of June.

SafePay is proud to announce that its total gross transactions processed in the last 9 months have exceeded 28 million dollars.

More than 65,000 members are now using the SafePay system to purchase products and services compared to 50,000 in July, and the number of verified SafePay suppliers has continued to grow each month as well.

SafePay believes this growth is due to its leading edge security system which gives unprecedented protection to customers and suppliers by safeguarding both SafePay members and suppliers from fraud for virtually all transactions.

In addition, SafePay continues to expand the number of methods for customers to make purchases, giving them more flexibility and easier use for online transactions than any other system in the e-Commerce marketplace.

About SafePay:

SPS believes that it brings the highest level of security, convenience and speed of any online payment system. Our solutions for businesses and consumers all around the world are innovative, secure, and cost-effective. With SafePay Solutions, anyone with an e-mail address can send and receive payments, while merchant and corporate clients can conduct business with its vast array of financial management tools.

More information about SafePay Solutions can be found at: http://www.safepaysolutions.com

Notes about forward-looking statements

Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties.

Certain Statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward-looking statements because they involve unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward-looking statements may be identified by words such as "estimates," "anticipates," "projects," "plans," "expects," "intends," "believes," "may," "should" and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the company and speak only as of the date made. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date when they are made.

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