Fabio Banducci to Join Beanstream Board


Beanstream Internet Commerce, Inc., a leading Canadian electronic payment and authentication solutions provider , announced today that Fabio Banducci has joined the board of directors of the Company.

Fabio has acted as an advisor to Beanstream since early 2000 and has more than 12 years experience in corporate finance for public and private companies both domestically and internationally. As the Director of Corporate Finance for Haywood Securities, Fabio raised in excess of $1B in his final year with the firm. Fabio served as a governor to the predecessor of the TSX Venture Exchange and as a council member of the Investment Dealers Association.

"I have worked very closely with Fabio during the past 4 years." said Craig Thomson, CEO and President of Beanstream Internet Commerce Inc. "I am very excited to have someone of Fabio's calibre working on our board and I look forward to his insight. Fabio has a very strong knowledge of not only the corporate finance space, but also payment technology in general and the key advantages that Beanstream brings to the marketplace."

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