Mumbai, Sept.1, 2001.CCAvenue.com 
                          all set to trigger off an e-commerce boom in India.
                          
                          Avenues launches ResAvenue.com, 
                          India's only complete online realtime payment gateway. 
                          With backend processing of Mastercard and Visa credit 
                          cards through ICICI Payseal and HDFC Bank's payment 
                          gateways, ResAvenue 
                          is targeting Indian net merchants who can now overcome 
                          the prohibitive costs of set up and integration hitherto 
                          charged by financial institutions in India. Now Indian 
                          customers can pay in Rupees when shopping from Indian 
                          Sellers. 
                          
                          In addition to providing real time credit card and net 
                          banking payment options, 
ResAvenue 
                          also provides to its merchants, a ready made Shopping 
                          Cart, an auction payment collection facility and a comprehensive 
                          accounting module.
                          
                          
ResAvenue 
                          offers Indian eMerchants a gateway to transact online 
                          business the way they always wanted to:Simple, Fast, 
                          Secure, Affordable and Complete. With multiple back 
                          up redundancy of two of India's top two payment gateways 
                          available to 
ResAvenue, 
                          Indian eMerchants utilizing 
ResAvenue's 
                          services can now be open for business to ANYONE, ANYWHERE, 
                          ANYTIME regardless of geographical boundaries, contingencies 
                          and astronomical operational retailing costs. 
ResAvenue's 
                          payment processing services offer Indian merchants an 
                          outstanding global platform to cost effectively enter 
                          the digital economy.gateways.
                          
                          About ResAvenue 
                          Established in the year 2001and headquartered in Mumbai, 
                          India, 
ResAvenue 
                          provides turnkey e-commerce solutions to hundreds of 
                          e-merchants across India. 
ResAvenue 
                          is the preferred Indian payment-processing service for 
                          e-commerce, providing server-based payment solutions, 
                          enabling merchants to process secure transactions in 
                          real time, 24 hours a day. The company's service is 
                          powered by proprietary technology that integrates online 
                          payment processing, fraud control, financial reporting 
                          and tracking. 
ResAvenue's 
                          Payment Solutions process credit cards and net banking 
                          transactions and work with any business model, including 
                          Internet call centers and retail. 
ResAvenue 
                          has also formed strategic alliances with leading financial 
                          institutions and technology partners to deliver the 
                          most comprehensive online authorisation and processing 
                          services available to Indian eMerchants.
ResAvenue's 
                          secure, complete and leading-edge payment services maximize 
                          growth at every stage of a merchant's business lifecycle. 
                          For more information about 
ResAvenue, 
                          visit the company on the world wide web at www.
ResAvenue.com 
                          or call (022)-26000816/46 and 26491524.