CMEY cMoney Inc (CE)

cMoney, Inc. (Pink Sheets:CMEY), a leading technology company at the forefront of the international mobile phone-based payment and money transfer service, announced today that after receiving many questions from shareholders regarding the Company's core product cPay Core Platform, the Company has decided to issue a global announcement to keep shareholders and investors informed.

"First, we will build a new base platform, called cPAY, which will be powered by Sirius Computer Solutions' optimized infrastructure and integrated Cloud solution," stated Paul Matthews, CEO of cMoney, Inc."With the assistance of Sirius' consulting services, the cPAY platform is based on Red Hat Linux; IBM's WebSphere (Middleware) and DB2 (database); TIBCO; and correct versions of Java; all of which will allow for modularization - which will easily enhance and help deploy our solution."

cMoney will be hiring its own staff to ensure the skills and expertise of staff members are developed internally while working with Sirius to deploy the cMoney solution. The transition will then commence from the current supplier to cPAY, with the compatibility testing and sign off being the first priority.

"The next focus will be to ensure we have a "demo product" that will be available to potential customers, affiliates and investors, so they have a thorough understanding of what the cMoney solution is all about," continued Matthews. "Concurrently, we will start to incorporate our technical requirements and product enhancements into the cPAY platform, which will then make our solution officially available for demonstrations. With the demo product available, we will then be in touch with business partners that we've had previous discussions with and will also be contacting new banking partners and Telcos to obtain finalized partnerships. cMoney has incorporated into its schedule the need to test the interdependent and cooperative aspects of the cMoney solution to verify our prospective business partners' needs, and if necessary, make these adjustments accordingly. Collectively, these crucial details will be very important to help ensure that cMoney has a successful soft and hard launch."

IBM Innovation Center will provide independent verification of the number of transactions that cPAY will be capable of in a full production environment. This joint review process will be scheduled to take approximately 3 weeks. At the completion of the review process, the IBM Innovation Center will provide a confirmation report of the successful results across all IBM hardware platforms.

cMoney will plan to obtain ISO (International Organization for Standardization) approved standards which will enhance the patents pending. ISO is the world's largest developer and publisher of International Standards which apply to IT security for mobile handsets and cPAY servers.

 "I would like to thank all of our loyal shareholders and potential investors for their inquiries, feedback and interest during the progression of our solution. I am looking forward to finalizing all of cMoney's plans as quickly as possible and in compliance with the aforementioned; so when our solution premieres it will totally revolutionize the mobile payments market," concluded Matthews.

About cMoney, Inc.

cMoney provides innovative secure mobile payment solutions for mobile phone users, retailers and financial institutions globally. The Company has developed an innovative way to send and receive money, pay for goods and services during a POS or online transaction, conduct transactions on their customized ATMs, and provide an online banking atmosphere utilizing patent pending mobile phone and text messaging technology. Scheduled to debut in 2012, this pioneering technology will create a "virtual wallet", which will eliminate exposure to identity and credit card theft for cMoney customers. The cMoney solution can be used anywhere that cash, checks, debitor credit cards are accepted.

Safe Harbor Statement

Except for historic information contained in this release, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results in the future to differ materially from forecasted results. These risks and uncertainties include, among other things, the company's ability to attract qualified management, raise sufficient capital to execute its business plan, and effectively compete against similar companies.

CONTACT:  cMoney, Inc. 
          Paul Matthews
          CEO 
          (713) 589-5393 ext. 105
          contactus@cmoney.com

          Heritage Corporate Services, Inc.
          Jeffrey Staller
          President
          (561) 210-5675
          Jeffrey@HeritageCorporateServices.com