Corporate Announcement

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Clic.net Integrates Beanstream Payment Services.

VICTORIA, BRITISH COLUMBIA, CANADA - January 17th, 2004

Beanstream Internet Commerce Inc. announced today a strategic partnership with Clic.net that will enable Beanstream's industry-leading e-commerce payment gateway to be integrated with Clic.net's ClicShop e-commerce storefront development, merchandising and management system.

Designed with the needs of small and medium sized business owners in mind, ClicShop is a Bilingual interactive, Internet merchandising system with shopping cart for on-line merchants utilizing the power and speed of Internet based technologies. The browser based administration interface provides access to an array of sophisticated tools to maintain catalogs and inventory, manage customer accounts, create comprehensive promotional campaigns, handle order fulfillment responsibilities and generate detailed sales and web site traffic reports.

Beanstream's Internet Gateway Services enable merchants to process and authorize credit card transactions in real-time, and receive sales proceeds electronically into any of over a hundred banks across North America. Beanstream's merchant services also include industry-leading fraud protection through extensive fraud checks on a 24/7 basis. Beanstream's service easily enables online retailers to accept credit card transactions without substantial security deposits or high reference barriers.

"We are pleased to be a Technology Partner with Clic.net," said Craig Thomson, CEO and President of Beanstream Internet Commerce Inc., "Both Clic.net and Beanstream are dedicated to providing market-leading technologies for small and medium sized businesses. Beanstream's payment processing gateway service opens new markets for ClicShop a leading Canadian shopping cart provider. Our seamless integration makes this a winning combination for both corporations and their customers."

About Clic.net

Created in 1994, Clic.net specializes in electronic commerce and e-marketing. Using Internet technology, we establish new sales channels allowing our clients to reach new markets within which they can efficiently conduct their business.

Used by more than 1000 companies, our platform combines the expertise and the tools required for the deployment and operation of any B2B or B2C e-commerce operation. Our services include: strategy, technology, marketing, design, hosting, order intake and electronic payment.

About Beanstream Internet Commerce Inc.

Beanstream Internet Commerce Inc. is a leading Canadian electronic payment and authentication solutions provider. Services include merchant account enablement, credit card processing, electronic funds transfer, automated clearinghouse payment processing and credit score and authentication services for both e-commerce and traditional brick and mortar businesses. Beanstream provides a wide selection of products from simple payment gateway services to full end-to-end e-commerce solutions.

Beanstream solutions work with all Canadian and US financial institutions and have been selected by more than 5000 businesses across North America. Beanstream is headquartered in Victoria, British Columbia.

Beanstream Contact:

Chris Koide
Chief Operating Officer
Tel: 250-472-2326
ckoide@beanstream.com
www.beanstream.com