Inc. 500 List Cites Company's 321% Revenue Growth and Expanding Markets

    SAN JOSE, Calif., Nov. 2 /PRNewswire/ -- PaymentOne(R) Corporation today
 announced that Inc. Magazine has added the company to the Inc. 500 list of
 fastest growing private companies. PaymentOne achieved a substantial 321
 percent growth over the past 3 years.
     The companies that made this list represent the vanguard of American
 industry, posting an average three-year sales growth of 769%. Inc. 500 project
 manager Jim Lelloan said:  "When you look at the amazing job growth among Inc.
 500 companies and contrast it with the stagnation in the Fortune 500, it
 underscores the changing nature of our economy. With unprecedented global
 competition, companies have to be able to turn on a dime and discover
 innovative new ways of doing business. Increasingly, it's the smaller, agile
 companies like those on the Inc. 500 that are best equipped to meet these
 challenges."
     PaymentOne's President and CEO, Joe Lynam, credits the company's strong
 growth to its demonstrated ability to increase its clients' financial
 performance, hallmark levels of customer service and rapidly expanding market
 demand. "Being acknowledged by the Inc. Magazine is a testament to the
 company's vision and our team's dedication, tenacity and disciplined approach.
 We are excited to be a part of such a notable group of companies and proud to
 be designated as a market leader," commented Lynam.
     Inc. 500 companies posted aggregate 2004 revenue of $15.9 billion, and 84%
 of them were profitable. Most importantly, Inc. 500 companies were engines of
 job growth, having created more than 95,000 jobs since the companies were
 founded.
 
     Methodology
     To be eligible for this year's Inc. 500, companies had to be U.S.-based,
 independent and privately held through their fiscal year 2004, and have had at
 least $500,000 in net sales in the base year of 2001. In addition, their 2004
 sales had to exceed 2003 sales. Companies are ranked on cumulative three-year
 sales growth from 2001 to 2004. Inc. verifies all information using tax forms
 and audited financial statements from certified public accountants and by
 conducting interviews with company officials.
     The Inc. 500 ranks privately held companies according to year-over-year
 sales growth from 2001 to 2004. With approximately 75% of all new job creation
 in the U.S. coming from entrepreneurial businesses, the Inc. 500 opens a
 window onto the companies and industries that are driving the economy forward.
 Over the years, the Inc. 500 has identified the next generation of world-class
 companies, with Microsoft, Stonyfield Farms, Timberland, Oracle, The Princeton
 Review, Morningstar, Jamba Juice, Gateway, E*Trade, Intuit, and Domino's Pizza
 all appearing on the list before they became industry powerhouses.
 
     About Inc. Magazine
     Inc., the only business magazine dedicated exclusively to owners and
 managers of fast-growing private companies, delivers real solutions for
 today's innovative company builders. It provides hands-on tools and
 market-tested strategies for managing people, finances, sales, marketing and
 technology. Inc. is the premier publication that focuses on small to
 medium-size businesses, which are responsible for more than half the nation's
 gross domestic product and 75% of its new jobs. And Inc. looks beyond work to
 address the entrepreneurial lifestyle. Inc., a Gruner + Jahr USA publication,
 inspires and informs, with cutting-edge coverage that reflects our readers'
 energy, brashness, and imagination.
 
     About PaymentOne
     PaymentOne Corporation is one of the world's fastest growing online
 Payment Services Providers (PSPs). Founded in July 2000, PaymentOne has
 pioneered payment and marketing services that connect digital merchants and
 network operators and accelerate the adoption of online content and services
 by over 25%. Based in Silicon Valley, PaymentOne has generated over $1.8
 billion in new digital revenue over the last 36 months for its clients and
 partners. The company manages a network of over 1000
 telecommunication/broadband providers and content partner including leading
 ISPs, BSPs, Telcos and media companies such as America Online, BellSouth,
 Verizon, Qwest, SBC, United Online, NetZero and Time Inc. To help online
 merchants attract, convert and retain a wider audience, PaymentOne's
 integrated suite of revenue optimization services include a unique set of
 non-credit card payment alternatives, macro and micropayments, identity
 verification and fraud detection, traditional payment processing, global
 payments, and a co-marketing distribution network.. The company's flagship
 PhoneBill service provides merchants with access to over 150 million
 consumers. To learn more about PaymentOne, visit www.PaymentOne.com or call
 800-747-4028.
 
     NOTE:  PaymentOne, PhoneBill, PayConnect, DirectBill, WebBill, PaymentOne
 Carrier Network, PaymentOne Broadband Content Network, Propensity to Pay,
 PayOne, Payment Practice Index, are trademarks, service marks or registered
 trademarks of PaymentOne. The names of actual companies and products mentioned
 herein are the trademarks of their respective owners.
 
 

SOURCE  PaymentOne Corporation