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May 11, 2004

Parnet Express have started accepting payments from clients of MTS, BeeLine, MegaFon, North-Western branch of OJSC MegaFon, Sonet, NTV-Plus, Kosmos-TV and Corbina-Telecom through I-box vending machines. It is a joint project with CyberPlat®.Com universal payment system.

Vending machines become more and more popular in Russia, especially in Moscow. The new joint project of CyberPlat® and Moscow's largest vending machine operator Parnet Express payments for cellular and satellite TV services can now be effected through vending machines. Transaction security is guaranteed by both sides' electronic signatures. Parnet's vending machines are installed in most popular points of Moscow and outside of the Moscow Beltway. Vending machine locations cover all stores of such network supermarkets as Sedmoy Continent, Perekryostok or Kopeyka, supermarkets like Stolitsa, Novoarbatskij, Tri Stupenki, the Capitol's air terminal, gas stations, recreation centers, many other stores and service facilities.

Parnet Express
Parnet is the leading vending company, successfully operating for over three years. In Russia Parnet is the exclusive distributor of HARTING Vending & Co. KG, Europe's leading manufacturer of sturdy vending machines. The cooperation resulted in I-box vending machines, which have already taken their place in modern life, providing fast and reliable transactions between customers and service companies.

Parnet's partners are many leading companies, including: BeeLine, MTS, MegaFon, Sonet, MTU-Tochka Ru, ROL, Corbina Telecom, NTV-Plus, Comstar, Zebra Telecom, Matrix, Webmoney, Pio Global etc. In the near future, the company is planning to provide utility payments and sales of cell phones and accessories through I-box vending machines.

In Moscow alone the company has over 300 I-box vending machines. All major network supermarkets, movie theaters, recreation complexes work with Parnet Express. Among them: Sedmoy Continent, Perekryostok, Kopeyka, Stolitsa, Petrovski, 12Months, Paterson, Samokhval, M-Video, MegaMall and others.

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