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Sino Fibre & P2P Cash Forge International Barter Platform

Two Chinese companies have agreed to jointly explore the business opportunity for integrating the P2P Cash mobile commerce features into an advanced international barter trading platform to be used by Sino Fibre�s joint venture with the China Association of Medium and Small Enterprises (CAMSE), to handle the barter exchange transactions between the CAMSE members and/or other domestic and international barter clients.

Sino Fibre and CAMSE have jointly established China Business Online Company in China, which will be wholly funded by Sino Fibre and CAMSE will provide the brand, plus government and member resources. The joint venture will take advantage of advanced international management practices to provide barter services for small and medium sized Chinese enterprises.

Sino Fibre CEO Daniel McKinney commented, �P2P targets customers from the world�s fastest growing countries where the majority of mobile phones are sold � India, China, Philippines and Mexico. These countries lack the widespread electronic banking and retail payment infrastructures, and have extremely low credit card penetration and usage levels.

�Our alliance will position us to gain a considerable share of this segment in China with offerings that will enable processing of virtual transactions on the Internet with a license of P2P�s patent-pending software.�

For information go to www.p2pcash.com and www.sinofibre.com.

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