News Update

2C2P has been short listed for the Red Herring 100 Asia 2008 Awards

Red Herring Magazine announced today that 2C2P Pte. Ltd. has been short listed for the Red Herring 100 Asia 2008 Awards. The 100 winners will be announced at the Red Herring 100 Asia event in Hong Kong, on December 2-3, 2008.

The 200 finalists are based in 16 countries/regions including China, India, Japan, Singapore, South Korea, Australia and Vietnam. The names of the 200 companies short-listed as finalists for the “Red Herring 100 Asia 2008″ will be found online at http://herringresearch.com/eventspace/blgtrx_event_home/asia08/index.html

“The 200 finalists we selected from across 16 countries and regions are all excellent contenders,” said Joel Dreyfuss, Editor-in-Chief of Red Herring. “They are exceptional companies who thrive on innovation and strongly define the important role of technology in Asia’s economy and throughout the world.”

“It is a great honor for 2C2P to be identified as one of the Top 200 finalists for the Red Herring Asia competition 2008.” said Aung Kyaw Moe, CEO of 2C2P. “As e-commerce becomes more and more common, there will be an increased demand for cost-effective and easy ways to transact online payments securely. Our team at 2C2P firmly believes that our core technology can provide our customers with the right solution and mitigate fraudulent transactions.”

The finalists and winning companies will be celebrated at the Red Herring 100 Asia event in Hong Kong, on December 2-3, 2008. Red Herring 100 Asia is an exclusive event honoring 100 cutting-edge private technology companies from across the Asia-Pacific region. The event brings together an elite roster of entrepreneurial and global venture investment firms to showcase excellence in innovation. It features two days of keynote discussions, roundtable panels and intimate networking events designed for participants to make connections and learn what it takes to achieve the best in business and technology in Asia.

Distinguished speakers on past Red Herring 100 Asia include SeHyun Oh, Chairman of SK Telcom, John Chen, Chairman of Sybase, Richard Li, Chairman of PCCW; Victor Koo, CEO of Youku.com (former President of Sohu.com); James Ding, Chairman of AsiaInfo, John Hummelstad, Apac Director of Microsoft Venture and many others.

About 2C2P
2C2P is an e-commerce payment provider offering innovative payment processing solutions for businesses with online e-commerce sites. 2C2P is in compliance with the highest security standards and utilizes the latest web 2.0 technologies extensively to process payments faster and to enhance user experience. 2C2P manages a complete transaction life-cycle, which includes payer authentication, payment authorization, payment routing, settlement and post-settlement dispute and chargeback management. Its customer portfolio includes government agencies, financial institutions and other large corporations. Since it began operations, 2C2P has been continuously developing and launching new products to offer unequalled benefits to its users.

About Red Herring
Red Herring is a global media company uniting the world’s best high technology innovators, venture investors and business decision makers in a variety of forums: a leading innovation magazine; an online daily technology news service; technology research, and major events for technology leaders around the globe. Red Herring provides an insider’s access to the global innovation economy, featuring unparalleled insights on the emerging technologies driving the economy. For more information, visitwww.redherring.com.