Sino Payments Signs Processing Agreement With PowerE2E China

HONG KONG, Apr 29 (MARKET WIRE) --
Sino Payments, Inc. (OTCBB: SNPY) has signed a contract with PowerE2E to
provide credit and debit card processing services in China. The agreement
is for card processing services for PowerE2E's clients as well as
directly for PowerE2E transactions. The first project is for an ecommerce
client site and PowerE2E and Sino Payments are working on additional
joint business development opportunities to provide service to PowerE2E's
existing customer base.

The SinoPay GPP system is being deployed on site at PowerE2E's Headquarter
location in Shanghai.

Matthew Mecke, Chairman & CEO of Sino Payments, stated, "We are really
excited about installing the SinoPay GPP system at PowerE2E and getting
integrated to provide processing for the initial PowerE2E client as is
provided for in this agreement. We are looking forward to a long and very
fruitful relationship with PowerE2E both in China and elsewhere throughout
the Asia region."

Lim Tai Thong, CEO of PowerE2E, added, "Through SinoPay we now offer our
clients a cost-effective payment-gateway which is crucial in the Asia
retail-industry as it is under constant pressure to improve their
cost-structure."

About Sino Payments, Inc.

Sino Payments is a Nevada incorporated US Company with offices in Hong
Kong. Sino Payments' proprietary IP transaction processing system (SinoPay
GPP) was designed to convert transaction processing systems from old type
dial-up point of sale systems connected to sophisticated checkout
terminals to a modern seamless IP transaction process, thereby reducing
credit and debit card transaction processing times by half at checkout.
Sino Payments focuses on providing IP credit and debit card processing
services to large retail chains in China and throughout Asia including
supermarket chains and large regional multinational retailers.

About PowerE2E (www.powere2e.com)

Established as the leading Retail Merchant eServices Company in China,
PowerE2E helps companies in the retail sector (be they retailer or
manufacturer) to apply Supply Chain Collaboration best practices. Through
strategies built on best of breed technologies and ecommerce expertise,
PowerE2E delivers effective B2B and B2C ecommerce by designing,
developing, and operating services that reduce cost and improve
transparency for their customers.

To date, PowerE2E has served over 15,000 companies on its platform. The
company has been operational since September 1999 and now has over 90
employees in Shanghai and their Southeast Asian offices. Its shareholders
include FMO and private investors.

PowerE2E customers include Tesco, Carrefour, E-Mart and Shoe-Mart Group,
as well as Coca-Cola, Proctor & Gamble, Unilever, Nestle and other major
FMCG-companies.

FORWARD-LOOKING-STATEMENT:

Except for factual statements made herein, the information contained in
this press release consists of forward-looking statements that involve
risks and uncertainties, including the effect of changing economic
conditions, competition within the credit and security industry, customer
acceptance of products and other risks and uncertainties. Such
forward-looking statements are not guarantees of performance, and Sino
Payments, Inc. results could differ materially from those contained in
such statements. These forward-looking statements speak only as of the
date of this release, and Sino Payments, Inc. undertakes no obligation to
publicly update any forward-looking statements to reflect new
information, events or circumstances after the date of this release.

Contacts:

Sino Payments, Inc.

Matthew Mecke
Chairman & CEO
ir@sinopayments.com

Investor Relations

Mr. Kubus
info@target-ir.com
T: 1-760-707-9892

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