Companies are driving the evolution of international ecommerce forward

New York, NY – February 13, 2007 - E4X, Inc., the leading provider of online multicurrency services, today announced an agreement with GlobalCollect, a leading international payment service provider, to incorporate GlobalCollect’s payment methods into an expanded portfolio for international services.

Patented technology from E4X enables international shoppers to browse and pay for products in their own currencies while eliminating the risk of foreign exchange fluctuations for e-tailers and shoppers alike. The company is focused on expanding the scope of its services to provide a more complete solution for international vendors. The vast array of payment methods GlobalCollect is able to facilitate, ranging from bank transfers and credit cards to direct debit and prepaid methods, make it an ideal partner as E4X broadens its portfolio.

“Forming this relationship with GlobalCollect fulfills a critical step in our vision of becoming an end-to-end solution provider for international e-tailers,” said Mike DeSimone, CEO of E4X.  “We believe the market is anxiously waiting a one-stop solution for international sales and fulfillment.  With this agreement we are one important step closer to becoming that comprehensive resource,” continued DeSimone.

Jan F. Manten, CEO of GlobalCollect says “We continue to be focused on making it easy for merchants to receive payment wherever their customers may be. We are excited by this opportunity because it means our payment systems could be available to global consumers on tens of thousands of more sites.” Manten sees the agreement with E4X as a sign of things to come: “Companies with different areas of expertise in global ecommerce are beginning to see that there are huge advantages in working together and being able to leverage one another’s strengths.”

DeSimone believes E4X is uniquely positioned to provide a full range of services as the company’s multicurrency expertise is one that only a few companies are able to offer, and one in which E4X is widely regarded as the leader.  “The value of the piece we bring to the puzzle is high because there are so few players in it,” said DeSimone.  “This gives us the leverage to choose the best partners to work with all around, such as GlobalCollect.”

Manten of Global Collect sees a bright future for both partners: “Tomorrow is all about making ecommerce easier for merchants and consumers.  The tools we provide go a long way toward that goal, and with E4X working alongside GlobalCollect, we are all that much closer to reaching the objective.”

E4X will take advantage of GlobalCollect’s strengths in online local payment methods worldwide, in particular local bank transfers in over 50 countries.  As a result, shoppers purchasing from vendors using E4X’s services will be able to make payments using bank transfers in as many as 50 markets.  GlobalCollect will draw on E4X’s expertise in delivering risk-free foreign exchange solutions for vendors and consumers in the international sphere.

About E4X
E4X, Inc. is a leading provider of services that facilitate global business by reducing complexities relating to cross border sales and payments. E4X’s unique, patented ecommerce application and comprehensive foreign exchange solutions help companies expand globally in a foreign exchange risk-free environment for global shoppers and merchants alike. This results in simplified accounting, reconciliation and reporting complexities. 
The strength of its technology has made E4X a recognized leader in its field.  The company intends to provide the same qualities of reliability and ease in an expanding portfolio of related services that it will introduce over the course of the next year. Founded in 1999, the privately held E4X is based in New York and operates a research and development facility in Tel Aviv, Israel.  For further information visit www.e4x.com

E4X will be exhibiting at eTail 2007, Palm Desert, CA, February 13-16, booth 54

About GlobalCollect
GlobalCollect is the leading Payment Service Provider of local payment solutions for international businesses.  Our expertise in electronic payment methods for Customer Non-Present (CNP) businesses such as internet, mail, telephone order is greatly valued by clients from a wide range of industries such as travel, ticketing, telecommunications, retail, publishing, portals, online games, and digital content.  More than a payment service provider, GlobalCollect is a real partner offering a full service that is uniquely in a class of its own. While most providers are limiting their payment services to a technical link with payment acquirers, GlobalCollect provides a complete service which includes the contractual and technical connections to local payment processors worldwide, bank account network management, matching, reporting and finally the fund remittance. Our clients save precious time and costs and, as a result, are able to focus solely on their core business. Through one single web-enabled technical and administrative interface, our online payment platform offers the largest range of local payment methods and currencies in over 200 countries including all major credit and debit cards, direct debits, bank transfers, real-time bank transfers, e-Wallets, cash at outlets, prepaid methods, checks, and invoices. Find out why GlobalCollect is a worldwide leading payment service provider! GlobalCollect - on the web at www.globalcollect.com .

FOR FURTHER INFORMATION CONTACT: