Victoria Vaksman, Executive Vice President of Europe, Middle East and Africa for FundsTech Corp stated: "We welcome ProCard to our base of Worldwide Strategic Partners. We expect ProCard to aggressively market our prepaid card solutions to the unbanked and under banked population in Africa and Middle East. ProCard will be promoting our prepaid payroll card, gift card, health card and some other tailor-made solutions through their customer base. We believe that ProCard will help us to increase substantially our penetration into strategically important markets and create a significant value for us and our shareholders by generating recurring, long term, residual revenue streams.

David Fann, President of FundsTech stated: "With ProCard joining our network of strategic partners we have increased our backlog of prepaid cards in South Africa to over 1,100,000 cards. When you add this to our recent announcements in the United States and pending expansion into Europe, 2008 should be a break out year for FundsTech. The industry average for prepaid payroll cards is $12.00 per month per card. We are very excited about adding ProCard Technologies to our rapidly expanding strategic partner list.

MC du Toit, CEO of ProCard said, "We view the South African market as a key geographic area from which to launch FundsTech's prepaid card solutions. There are more than 13 million unbanked individuals in South Africa alone. We estimate that we will have 800,000 cards being utilized by our customers within the next 18 months."