SOURCE: SafePay Solutions, Inc.

January 11, 2007 07:30 ET

SafePay Solutions Announces Start of Stock Buyback Plan

NEW YORK, NY -- (MARKET WIRE) -- January 11, 2007 -- SafePay Solutions, Inc. (PINKSHEETS: SFPS) is pleased to announce that on January 9th, 2007, it purchased 210,000 shares of its own common stock, for an aggregate cost of US$ 4,004. The company also purchased an additional 58,000 of its own shares with an aggregate cost of US$ 985.00 on January 10, 2007.

These purchases were conducted under the terms of the Stock Buyback Plan announced in a press release dated December 12, 2006. All shares purchased will be cancelled and returned to treasury.

SafePay intends to continue purchasing shares of its own common stock in accordance with the Buyback Plan and will continue to advise shareholders as it does so.

About SafePay Solutions, Inc.:

As an online payment provider, SafePay Solutions has one of the highest levels of security, convenience, and speed of any online payment system. Its solutions for business 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; and merchant and corporate clients can conduct business with SafePay's vast array of financial management tools.

More information about SafePay Solutions can be found at:

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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