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J. ROGER MOODY JOINS eCatalystOne BOARD OF DIRECTORS

NEWPORT BEACH, Calif., December 12, 2001-- eCatalystOne, provider of cash-based payment systems for international Internet subscriber providers announced today that J. Roger Moody has joined the company's board of directors. Mr. Moody joins current directors Dennis Andrews, Bruce Hallett, John Seely Brown and Richard Lull.

Mr. Moody spent the first 13 years of his career in various assignments with IBM, including having responsibility for IBM's initial efforts in standardizing the Universal Product Code and the development of the check stand- based scanning systems installed today in most supermarkets. After IBM, Mr. Moody joined AT&T as the first "outsider" to join a team charged with converting AT&T into a competitive, market-oriented organization. While at AT&T, he spent two years as executive VP and board director of Teletype Corp.

In 1981 Mr. Moody joined CBS as Vice President Development reporting to the CEO. In 1983, Mr. Moody decided that the majority of computer, software and communications advances were taking place in young companies. From this date until 1994, he was CEO of four consecutive start-up/young companies, one of which was sold to Lotus Development and another to General Signal.

Mr. Moody retired in 1994. Since then he has served as a mentor to several young CEOs, helped a young company go public, served on several boards, co-founded a broadband services company and invested in several start-up ventures. Mr. Moody attended Williams College, and received his B.S. in Electrical Engineering from Columbia University. He received an M.B.A. from the University of Michigan.

"We are most fortunate to have an experienced executive like Roger Moody join our board", said Chairman Dennis Andrews. "Roger will add operative guidance and provide us with access to an impressive network of executive contacts amassed though his impressive career."

About eCatalystOne
eCatalystOne, based in Newport Beach, Calif., is an Internet technology company focused on building the infrastructure necessary to enable non-credit based payment solutions for online transactions. The company's first product, the highly-scalable ePAID system, provides major distribution partners the opportunity to issue their own branded prepaid instruments for consumers to use for online purchases in an environment that provides unprecedented security, total anonymity and is not dependent on credit systems in any way.


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