PaymentOne Raises $7 Million in Strategic Financing

SAN JOSE, CA--(Marketwire - August 18, 2009) - PaymentOne, the leader in alternative payments
for digital merchants, today announced it closed a $7 million round of
equity and debt financing led by AER Investments LLC.

The new funding will be used to expand and accelerate the organic growth
and mobile related product development as well as set the foundation for
executing on strategic acquisition targets to complement the company's
suite of payment gateway services. The series B round on financing caps a
period of strong momentum for the company. Over the past six months the
client base has grown by more than 35% and the company has expanded net
profit fivefold.

PaymentOne clients have generated over $3 billion dollars of incremental
revenue in the last 36 months by using the company's compelling "no credit
card required" alternatives. The company's flagship PhoneBillT service
allows merchants to have their consumers easily and safely charge fees to
landline, broadband and/or mobile phone bills. "The response to our
payment services is extraordinary in this market," said Joe Lynam, CEO,
PaymentOne. "Growth continues to be fueled by the expanding market of
premium digital services, smart mobile devices and the consumers fear and
inconvenience of using a credit card for such small ticket items. Factor
in the credit card crisis and digital merchants view providing consumers
with card alternatives as a must-have versus a nice to have."

AER Investment maintains a portfolio of strong relationships with numerous
online and mobile-based merchants, and sees PaymentOne as unique stand
alone investment opportunity as well as a strategic fit with their merchant
portfolio.

"We're delighted with PaymentOne's success serving some of the world's top
brands in a rapidly expanding market," said Warren Rustin, Managing
Director, AER. "And, we're very enthusiastic about the growth prospects and
the combined merchant value proposition as we integrate our marketing
products and expertise with our portfolio partners."

About PaymentOne

PaymentOne Corporation is one of the world's fastest growing online Payment
Services Providers (PSPs). Founded in July 2000, PaymentOne has pioneered
payment and marketing services that connect digital merchants and network
operators and accelerate the adoption of online content and services by
over 25%. Based in Silicon Valley, PaymentOne has generated over $3 billion
in new digital revenue over the last 36 months for its clients and
partners. The company manages a network of over 1000
telecommunication/broadband providers, mobile operators and content
partners including leading ISPs, BSPs, Telcos, broadband operators and
media companies such as America Online, Sulake (Habbo), Blizzard
Entertainment and Time Inc. The company's flagship PhoneBill service
provides merchants with access to over 220 million consumers with mobile,
broadband and landline accounts.

To learn more about PaymentOne, visit www.PaymentOne.com or call
800-747-4028.

About AER Investments

AER is a special purpose LLC established to provide growth capital to a
select group of strategically aligned private companies. AER's current
portfolio investments include both early and late stage companies. The
company focuses exclusively on online media, mobile services and marketing
enterprises closely aligned with its core vision of enabling large-scale
consumer adoption of digital media. AER is headquartered in Boca Raton,
Florida. For more information about AER contact the company at
561-750-5131.