Diemo Selects the XIUS-bcgi Mobile Services Platform to Launch its MVNO Services...

Diemo Selects the XIUS-bcgi Mobile Services Platform to Launch its MVNO Services in South American Countries

BEDFORD, Mass.--(Business Wire)--
XIUS-bcgi, a leader in delivering innovative telecom solutions for
mobile operators and MVNOs worldwide, and Diemo, the revolutionary new
real-time mobile banking services provider, today announced a USD $15
million agreement under which Diemo has chosen the XIUS-bcgi Mobile
Services Platform to power the launch and delivery of its
paradigm-changing service offering in the South American region.
Additionally, Diemo has chosen XIUS-bcgi as its System Integration
Partner for supply and management of other third-party professional
services including content vendors and other value-added services
partners.

XIUS-bcgi's Mobile Services Platform is a next-generation
convergent platform for Mobile Virtual Network Enablers (MVNEs),
Mobile Virtual Network Operators (MVNOs), new entrants into mobile
telecommunications and next-generation providers.

Diemo aims to provide banking and payment services for un-served
and underserved markets as well as mobile access. It will roll out its
"Diemo correspondent franchise" in small stores, gas stations and
lottery agents to provide financial transactions in areas never before
serviced by existing banking institutions. The company has also
established strategic relationships with retail chains for selling its
MVNO services and for serving as end distribution points for its
mobile-driven, real-time cash transfer offerings.

Diemo will partner with Digitel, the GSM operator in Venezuela,
for the first such real-time cash transfer-focused MVNO in the
country. It plans to roll out similar country-specific MVNOs across
several countries in the South American region, starting with Colombia
in late 2008. Other countries will be announced in the coming weeks.
XIUS-bcgi will be responsible for the supply and turnkey management of
the customized core network infrastructure for enabling Diemo's mobile
launch through its multi-country rollout.

Announcing the deal, G.V. Kumar, CEO of XIUS-bcgi, said,
"XIUS-bcgi is very excited about the opportunity to work with such a
pioneering organization as Diemo. The agreement is a clear
demonstration and validation of the value and attractiveness of our
Mobile Services Platform for innovative MVNOs aiming to acquire and
support a large subscriber base within aggressive timelines."

Kumar added, "The contract with Diemo is a multi-million dollar,
multi-year contract and delivers on our promise to provide the next
generation of services-centric, core network infrastructure. Our
Mobile Services Platform offers powerful services, rapid deployment
and management of applications that seamlessly integrate with existing
infrastructure and third-party solutions."

"XIUS-bcgi is the clear leader in core network infrastructure for
next-generation carriers looking to deploy innovative services, and we
look forward to working with XIUS-bcgi and leveraging on their
knowledge and experience in the area of authentication, billing,
subscriber ownership and interoperability," said Roman Martinez, CEO
of Diemo. "We have partnered with the best-in-breed vendors and have
additionally chosen XIUS-bcgi as our SI partner based on its proven
expertise in integrating and managing complex deployments comprising
multiple third-party solutions."

Martinez continued, "This will greatly enhance our capability to
rollout innovative subscriber specific services, enabling us to
concentrate on our core business, which is giving access to the
financial world to millions of un-banked and un-served people in our
continent. The Mobile Services Platform is a natural fit for Diemo's
networks in Venezuela and beyond. More specifically, XIUS-bcgi's
components will greatly enhance our ability to meet the changing needs
of subscribers and to scale for growth across millions of potential
users. With XIUS-bcgi's technology, Diemo will achieve flexibility in
pricing, branding and service management across multiple network
deployments."

"The partnership with Diemo is an important strategic win for
XIUS-bcgi, as it extends the global reach of the XIUS-bcgi Mobile
Services Platform into Central and South America," said Upendra Bhatt,
vice president of sales for XIUS-bcgi. "Both regions represent
emerging markets that are ready to consume the entire spectrum of
services that our platform enables."

About Diemo (Dinero en Movimiento)

Diemo allows the world's unbanked access to financial services.
Our technology provides the fastest and most secure way to transfer
cash and realize payments real time from customer's mobile phones and
authorized agents. We provide remittances, payroll services, same-day
payments, phone to phone transfers, web purchasing capabilities,
microcircuit fulfillment, among others. The customer pays no charges
for transfers to and from merchants. A Diemo account can be opened
anywhere, even in places without banking infrastructure. The customer
can deposit, withdraw, and transfer funds to any of their friends,
relatives or merchants that support Diemo Payments anywhere there is
cell phone coverage. For more information, please visit
www.dineroenmovimiento.com.

About XIUS-bcgi

XIUS-bcgi (a division of Megasoft Limited, BSE Code No.: 532408)
is a leader in delivering innovative revenue-generating solutions to
mobile operators and MVNOs worldwide. With 500+ employees, XIUS-bcgi
architects infrastructure and mobile solutions that are flexible,
scalable and robust - clearing the way for mobile operators to rapidly
deliver differentiated services in order to gain first mover advantage
and build subscriber loyalty. XIUS-bcgi has more than 100
installations throughout the world, and its customers include leading
mobile operators such as Sprint, Telefonica, Etisalat, Embarq and
Hutch. For more information, please visit www.xius-bcgi.com.

For XIUS-bcgi
Bock Communications
Nicole Thome, +1-714-540-1030
XIUS-bcgi@bockpr.com

Copyright Business Wire 2008