iSend, LLC, Completes Series A Financing

Plans include expansion of Bill Payment Network, Wireless and Retail partners

WATERTOWN, Conn., June 30 /PRNewswire/ -- iSend, LLC, an international
payments company, today announced it has closed its Series A Preferred Stock
Financing. Investors include Gray Ghost Ventures on behalf of Gray Ghost DOEN
Social Ventures, with Village Ventures and NextLevel Venture Partners adding
to their existing holdings. The company plans to use the capital to expand
its network of U.S. payment locations, establish more partnerships with
international wireless carriers and bill payment partners, and expand its
marketing initiatives.

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Terms of the financing were not disclosed.

"Achieving this significant funding milestone enables us to move forward with
our core mission of providing a safe, convenient and economical way for people
living in the US to support family and friends back home," said Steven
LaBella, founder and CEO of iSend. "We are thrilled to have attracted the
continued backing of such a proven and innovative group of investors."

"We are very confident in Steve and the iSend team," remarked Matt Harris from
Village Ventures. Additionally Harris stated, "Expanding our holdings in
iSend is consistent with our strategy of partnering with leading entrepreneurs
who are creating innovative products."

iSend's international bill payment and cellular phone recharge services
currently include nearly 50 international companies in Mexico, Central and
South America and the Caribbean. Bills such as TELMEX, Telcel, Infonavit, SKY
and others can be paid from thousands of retail partner locations in the
United States.

"We are focused on improving the financial lives of the under-banked immigrant
consumer we serve. In these economically demanding times, we know that our
service allows people to help their family in other countries in an
exceptionally practical and secure method," remarked Steven LaBella.

"iSend provides a valuable and important product to typically underserved
consumers living in the US, away from home, which offers great peace of mind
and comfort," said Brian Cayce from Gray Ghost Ventures. "We're delighted to
be investing in iSend to accelerate the growth and adoption of the service in
the US and abroad."

ABOUT iSEND
A privately held company, iSend was founded by Steven LaBella and is located
in Watertown, CT. iSend is a leading provider of international electronic
payments from the United States to Mexico, Central and South America, and the
Caribbean. iSend services provide consumers based in the U.S. a secure,
convenient and economical solution to directly pay bills and recharge cellular
phones for themselves and for their family back in their home countries
through thousands of U.S. retail partner locations. For more information
visit the company's website at www.iSendOnline.com

CONTACT: Catherine Milsom, The Rye Group, LLC, +1-954-600-5250,
cmilsom@theryegroup.com

SOURCE iSend, LLC

Catherine Milsom, The Rye Group, LLC, +1-954-600-5250,
cmilsom@theryegroup.com