Beanstream Passes 5000 Merchant Milestone

VICTORIA, BRITISH COLUMBIA, CANADA - June 15th, 2006

Beanstream today announced that more than 5,000 merchants across Canada are using its services for their online payment requirements. Beanstream has been experiencing exponential growth in the last few years that culminated in achieving this milestone.

"Reaching the 5,000 customer milestone is exciting and shows significant new customer momentum. Our customers value the solutions we offer," says Craig Thomson, CEO, Beanstream.

Beanstream's growth is driven by the unique strengths and value of its service selection, reporting and back-office integration. To ensure merchants can take full advantage of this, Beanstream provides a broad choice of payment applications and deployment offerings to match virtually any online business requirement.

"Merchant success today revolves around choice, capability and proven experience," said Chris Koide, COO, Beanstream. "Beanstream can provide this level of choice and capability combined with a track record of more than six years as an independent operator in the payment business."

www.beanstream.com