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Scope Virtual Money, Certificates Couponing Micropayments Pre Load Money Micro Credits Money Transfers 2

Features Accesible by Mobile Phones and Internet Global Scope Mobile Operator Independent Covers any kind of transaction: – Person to Person – Merchant to Person – Merchant to Merchant Pull and Push Advertisement and Services 3

Access The User, Person or Merchant can access the system by Internet or by an application loaded in his mobile phone. Every User has an unique PEDY# number and PEDYPIN 4

Mobile Applications Personal and Merchant Applications can also: – Check User Certificates – Bring Certificates, as prices for consumptions – Redeem Certificates, as partial or total payments for goods and services 5

Push Advertisement 6 Web Streaming Web Browsing Messages Web site

Pull Services 7 Phone´s Menu PEDYCash ask for PIN Pull Services Menu

Universal Near Field Communication Any bluetooth enabled phone running the Application can pay only touching a special pad. – Public Transportation – Stores – Tolls – Theatres – etc 8

Provisioning The User, Person or Merchant can get the mobile apllication in several ways: – By Viral accepted propagation: Bluetooth from a mobile phone with the Personal or Merchant Applications. – Sending an SMS to a special number and receiving an SMS push with the download address and download and install it. – Asking in the web page to receive the SMS push. 9

Installation by web 10 SMS Demo Web Site Mobile Phone Menu

Internet Money (Paypal) Any allowed Internet Service can act as a Person or Merchant by a Server to Server interface : – Check User Certificates – Bring Certificates, as prices for consumptions – Redeem Certificates, as partial or total payments for goods and services 11

Person to Person Business: Amount: Product: $ Accept Sending Party / Customer Receiving Party / Merchant Information: PEDY#: Product/Service Ref: 305 Certificates: $ 50 Transaction: # Sept,1, 2005, 18:00 Customer: John Doe Product: 305 $ APPROVED Transaction: # Sept, 1, :00 Supplier: Product: 305 $ 50 APPROVED System Name 12

Features  Vast Capillarity  Uses any standard already operating mobile phone  Very Low Cost infrastructure  Very Low Capex, initial investment  The mobile phones are already deployed and owned by the users  Very low Opex, operative expenses  Only SMS and mobile Internet, paid by the user’s side  Very Fast implementation.  Use of standard mobile phones that are already deployed and owned by the users  Low Cost Business Model  No fees to 3rd party networks when working with bank’s own accounts and cards.  New Market segments  Mobility. Delivery, Logistics, Direct Sales, Prepaid Card, Remittances, etc  Low Cost transactions  Micropayments.  No geographic boundaries enables new market segments like international money transfer and remittances  Mobile Operator independent. Doesn’t need any special deal with the Mobile Operators  The Platform is a Virtual Money System and Switch capable of operating stand alone prepaid or virtual money or Certificates. 13

Mobile Application Features Easy download and installation –Easy user enrollment by web –Easily downloaded By Data, OTA, from a Greeting SMS or entering the Application’s URL By Bluetooth Installed in the SIM Card Security –Signed by Verisign, trusted by the phones and difficult to be tampered –Uses Cellular Phone Digital Signature taking several parameters from the mobile device –Uses Token based encryption in order to use a different encryption key for every customer and transaction –Uses Sitekey in order to avoid phishing Communications –Uses primary Data communications, GPRS/EDGE/UMTS, etc –Fallbacks automatically from to SMS when data is not available. –On any communications channel, data or SMS uses the same encryption and security levels Minimal Mobile Terminal requirements, only the Java Virtual Machine with at least MIDP 2.0 y CLDL

General Overview 15 Internet Mobile Application Standard Mobile Phones Encrypted Token based IP based, only fallback to SMS Self Virtual Account System Transaction Switching Routing to Other Entities Banks Card Network Processors Private Label Cards Remittances Mobile Networks Multiple Communications Protocols ISO8583, Proprietary, etc Mobile Networks Mobile Operator Independent Global Service Multiple Functionality C2C B2C B2B 3rd Party Web Content Internet money like Paypal to pay to 3rd party, like any other Merchant

Strengths Proven Global Vision and Entrepreneurship in Business and Technology Experienced Board and Staff Team Multicultural Low Cost R&D&O in LATAM 16

Background R&D and Operations interWAVE SA 17

Main Features 18 D&B D-U-N-S: D&B D-U-N-S: Our Continuous Production Cycle: Vision in Feasible IT and Business innovative projects Project ‘s in house R&D and Business Model incubation Worldwide companies establishment with local Partners Permanent Low Cost R&D and Operations for the companies Our Strength: Proven Vision capability through several successful spin offs Proven Leading Edge R&D, the references includes NASA Low Cost and very Scalable R&D and Operations facilities in LATAM 20+ years in the IT Market Seasoned Management Team Multi Cultural, International experience Vision -> Incubation -> Company -> Operation

About Us  With a background on R&D on Artificial Intelligence/Expert Systems, our first company was established in 1982 as a Software Development company and full IT outsourcing provider for several markets, like Newspapers, Banks, Stock Brokers, Hospitals, Insurance Companies, Radio Networks, Distributors, Retailers, etc.  Later, we applied the vision about upcoming opportunities relating Business and Technology in developing the technology and establishing several domestic and overseas companies with local partners.  Among others, the most remarkable milestones are:  Development and Provision of VoIP conferencing and interface technology to NASA, in use at the IVoDS system, linking the International Space Station (IIS) and the Space Shuttle to the earth based stations,  FreeCall, a VoIP PC to Phone system (like Skype out) to Web.de at Germany, EU  Integrated Wireless Services (Triple Play) to InterWave Europe (IWE) at Monza, Italy, EU.  Mobile Transactions systems for cellular phones to GTI, Inc, Florida, USA, including MoviPOS, Peer to Peer and Micropayments.  R&D and Operations facilities located in Argentina, South America, where have local access to a huge and high skilled Technical Human Resources market at a very convenient cost. 19

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References, VoIP Group - IVoDS 21

References VoIP Group – year 2000, FreeCall (like Skype Out) 22

Integrated Wireless Services 23

Integrated Wireless Services Functionality – Complete Wireless Telco Solution for Telephony, Broadband Internet, IPTV, Surveillance, GPS Tracking, etc. – Fixed and mobile services Free spectrum based, no authorizations or license fees. Uses Non proprietary equipment based. – Standard, off the shelf locally manufactured equipment is used Modular, integrates and mixes several standard technologies – Multi Standard 802.a/b/g/N, WiFi, WiMax, etc – Multi band, 900M/2.4G/5.4G, etc – Can be easily modular upgradeable because the technology evolves very fast Highly integrated hardware and intelligent software operation, the system continuously changes the operation parameters in order to maintain the Quality Of Service. – Bandwidth control, sip proxy, filtering, web proxy, billing, provisioning, etc 24 Political, Social, Economy Breakthrough technology lowers cost entry barrier to the business to a regional level Solves social local regional interests that the big central companies doesn’t take care of, for example giving services to places where the central companies doesn’t, or giving fast response to the local residential and corporative customers demands and needs Diminishes the Digital Divide Creates new local companies The local consumer spending in services goes lo local companies Creates new local workplaces, specially for young people Doesn’t need authorization or licenses for the frequencies or operation from the central government, no delays, no costs, no political tradeoffs, etc The network of created Local Companies can manage their connectivity, tariffs, etc, independently Can create synergy with other local or regional companies, like surveillance, railroads, etc Business Model In this scenario of fast changing and evolving technology and customers needs, the partnership between IWE and the local partner warranties fast innovation and response and alignment of interests Complete turnkey solution provided, implementation and maintenance The Local Partner can focus on politics and business and provide sales, management, and funding Business and Technical Models already Proven, operational and working

References Mobile Terminal for Intelligent Cards Buenos Aires Subway System Contact Less Intelligent Cards. POS Hardware and Software R&D and manufacturing. Implemented at the Buenos Aires Subway system. 25

Projects, C3I2Defense 26