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NetCert to provide eCommerce platform to China

April 27, 2005

NetCert has signed a contract to develop an eCommerce payment processing operation for China's Netcom Corporation. NetCert has received the "CNC enterprise e-Payment chief service provider" title by CNC's Beijing office.

NetCert provides software applications and consulting services to CNC, and NetCert received it's initial license fee plus guaranteed development fees. CNC also pays NetCert 4% of the revenue from the use of NetCert's e-commerce platform.

"China Netcom Corporation is one of the Fortune 100 companies in China," said Mr. Andy Wang, founder and Chairman of NetCert.

"This business relationship with CNC not only validated NetCert technology and platform, but also created enormous incremental revenue channels for NetCert."

Source: NetCert

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