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Am-Beo and Network365 Partner to Deliver Dynamic Payment and Pricing for Mobile Content

Galway, Ireland & Dublin, Ireland.- February 1st 2002 - Am-Beo, the leading provider of rating and revenue chain management solutions for the communications industry, and Network365, a leading provider of world-class application platforms enabling the mobile lifestyle, today announced a joint initiative in the development of dynamic pricing and payment solutions for mobile content services. The relationship represents an important strategic development and will enable Network365 to deliver an extra level of functionality and a more innovative range of mobile services to their existing and new customers. As part of the agreement, Am-Beo is now a member of Network365s mzone unity partner program.

Am-Beos CEO John Brady explains, Am-Beos rating and revenue chain management solution, rate-rec, will add greater flexibility to the scope of services that can be paid for through Network365 mzone avatar, a secure mobile wallet. The combined offering will now allow Network365s customers to avail of not only fixed price transactions, but dynamically priced content that can be rated based on any number of variables. These variables could be as diverse as the perceived value of the content to the customer, the quality of service offered or time or volume of data transferred.

Brady concludes, Am-Beo and Network365 are both leaders in their respective fields. The integration of our technologies will result in an mCommerce solution that can rate for any service thats accessible through a mobile device. This will allow operators to exploit and develop new revenue streams, which is a priority in todays climate. In addition, this technology will allow for revenue sharing amongst a limitless number of parties to the transaction.

This significant development with Am-Beo provides a further major endorsement of the real functionality, value and quality of our mobile commerce solutions, said Denis Hennessy, Chief Technical Officer of Network365. Integrated with Am-Beos rate-rec, the power of mzone avatar, our mobile wallet which enables payments, personalization and identity, brings more flexibility on the payment side. This means greater functionality and increased uptake of a wide range of digital content services by mobile users.