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06/03/2008

Sino Fibre & Union EPS Sign Agreement Providing Online Barter Processing Services In China

Sino Fibre Communications (OTCBB:SFBE), a broadband value-added internet services provider in China, has signed an agreement with Shenzhen Bank-Union EPS Financial Services (www.ebankunion.com) to add online payment processing services to its barter exchange platform.

This capability will enhance the online barter trading and settlement system for the B-to-B e-commerce services provided to the 4.5 million medium and small private enterprises from the company�s joint venture company with CAMSE.

Sino Fibre's CEO/president, Daniel Mckinney, said �We are extremely pleased about our agreement with Union Pay-EPS. Union Pay is the official payment processing agent of China. This facility is a crucial element of our online barter trade system that Union Pay will provide secured online payment processing services to our barter trade and e-commerce clients. The successful roll-out of our joint venture business will no doubt bring in massive traffic to ride on the fiber optic network we represent, and are in the process of acquiring from our Chinese partner.�

For more information about Sino Fibre Communications visit www.sinofibre.com.



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