Blue Bamboo Introduces Contactless Payment Solution at the Beijing 2008 Olympic Games

* Reuters is not responsible for the content in this press release.

Fri Aug 8, 2008 11:46am EDT 

BEIJING--(Business Wire)--
Blue Bamboo, a provider of feature-rich, reliable, and
exceptionally affordable products for the POS terminal and peripheral
industry is pleased to announce its participation in the Beijing 2008
Olympic Games.

   Together with partner and China market leader KuaiPay, Blue Bamboo
has designed and integrated a closed loop contactless payment system
for the Holland Heineken House. The HHH venue has a history of being
one of the games' largest and most recognized entertainment venues.
Blue Bamboo's solution is significant as it combines several new
technologies, including embedded contactless POS terminals and a new
Bluetooth(TM) wireless access server, all developed on the
GlobalPlatform secure open standard platform.

   "We are excited to be a partner with KPay and enable their
continued market innovation and leadership with transit based
contactless payment systems in Beijing," Said Jason Jones, CEO of Blue
Bamboo. He further stated: "We appreciate the contributions from our
technology partners InnovaCard and Bluegiga and for their support with
our product development efforts on this project."

   This year's event will allow patrons to use collectible HHH
contactless prepaid cards throughout the venue on handheld POS
terminals carried by HHH staff. The addition of the Bluetooth wireless
access server creates complete transaction coverage for a venue such
as HHH at more than 76000 square meters while maintaining a limited
footprint and mobile capability.

   About Blue Bamboo

   Blue Bamboo designs and markets feature-rich and exceptionally
affordable products for the POS terminal and peripherals industry.
Blue Bamboo's robust electronic payment technology delivers scalable,
customer-centric wireless and retail payment solutions which meet PCI
and EMV standards all in a secure, reliable and versatile design.
Visit www.bluebamboo.com or email sales@bluebamboo.com.

Blue Bamboo
Sylvia Hsieh, +86 512 57667205
Sylvia_H@bluebamboo.com

Copyright Business Wire 2008
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