FrontStream Payments, Inc., Acquires Direct Technology Innovations

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Tue May 20, 2008 6:00am EDT

Furthers Company's Aggressive Plans to Become Premier Provider of
                           Payment Services
BRENTWOOD, Tenn.--(Business Wire)--
FrontStream Payments, Inc. a leading provider of payment solutions
to small and medium-sized businesses, today announced the acquisition
of Direct Technology Innovations. Terms of the deal were not
disclosed.

   "In April, we announced our first round of funding and said we
would use the money to rapidly become a market leader through
strategic acquisitions," said Emmet Seibels, CEO and Co-founder, of
FrontStream Payments. "Direct Technology Innovations is a perfect fit
for us in that they immediately strengthen our market footprint in the
core areas of 'quick service' restaurants and ground transportation."

   Founded in 2001 and based in Fort Lauderdale, FL, DTI is a
recognized industry leader in providing advanced technology solutions
and services. DTI has also cultivated numerous and substantial
preferred vendor relationships, as well as a solid Agent/ISO sales
channel. Their three primary business offerings are:

   --  Swipe N' Go(R): DTI's exclusive program that speeds up
        transaction time at the register by allowing the merchant to
        process credit cards without the need of a customer signature
        for any purchase under $25. There is also no liability to the
        merchant for any transaction under $25.

   --  Mobile Ticketing Solutions: With more than 100,000+
        transactions per month in the ground transportation segment,
        the Mobile Ticketing Solution delivers Real Time Inventory
        Control and Payments capability, enhanced customer loyalty and
        reductions in fraud and theft.

   --  Click to Go(R) Online Ordering: Enables customers, via a
        laptop, PDA or cell phone, to place orders for pick-up at a
        select time and at a specific location. This capability
        enables a restaurant to maximize its efficiency & capacity
        while increasing the accuracy of orders and improving customer
        loyalty.

   "We have been very selective in choosing an acquiring partner,"
said Edward Slominski, CEO of Direct Technology Innovations. "We felt
our technologies and market relationships would dovetail neatly into
FrontStream Payments solutions and overall industry vision. From our
first conversation, there was an immediate comfort zone that existed
in our relationship."

   Marc Scheipe, President and Co-founder of FrontStream Payments,
said that the DTI business unit and its employees would continue to be
based in Ft. Lauderdale and that Slominski will become part of
FrontStream Payment's management team.

   "Our acquisition strategy is to find companies that excel in
defensible niche markets and work hard to expand on what they have
built," said Scheipe. "Further, we are looking for great people who
have a desire to build something larger together. We are excited about
partnering with the DTI management team."

   Noblett & Associates acted as the financial advisor to Direct
Technology Innovations.

   About FrontStream Payments

   FrontStream Payments, based in Brentwood, TN, is a leading
provider of payments products and services to small and medium-sized
businesses and independent credit card sales organizations. Offerings
include turnkey solutions that enable merchants to increase revenues
through the acceptance of credit and debit cards. To learn more about
the company please visit www.frontstreampayments.com.

   About DTI

   Direct Technology Innovations (DTI) is an ISO/MSP for the First
National Bank of Omaha, NE; JP Morgan Chase Bank, New York, NY; Fleet
Bank, Providence, RI; Wells Fargo Bank, N.A., Walnut Creek, CA; and
Best Payment Solutions. DTI was founded in 2001, having been
nationally accredited with their highly successful Swipe N' Go(R)
Program, Click to Go(R) Online Ordering Program, and HWeb Mobile
Ticketing Solutions(R), provides independent distributors a variety of
credit card processing platforms which will save time, streamline
accounting operations, and invariably increase their revenues
significantly. DTI is consistently known for its high standard of
quality and innovative merchant services and products.

FrontStream Payments
Media Contact:
Chase Perry, 615-377-3799
www.frontstreampayments.com

Copyright Business Wire 2008
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