Global eTelecom

PRESS RELEASE


May 28, 2003

For Immediate Distribution

Merchant Services Network Releases Convert-A-Check Program Utilizing Global eTelecom’s Proprietary Electronic Check Conversion Technology

Destin, Florida - Global eTelecom, the national leader in the Electronic Check Conversion (ECC) industry announced today that the company has been selected as the back end processor for Merchant Services Network’s Electronic Check Conversion Program, Convert-A-Check.The Convert-A-Check program enables merchants to accept and process paper checks electronically similar to a credit card transaction.

“We are excited to equip Merchant Services Network with our robust and customizable electronic check solutions. When considering their presence at the Electronic Transactions Association (ETA) event, combined with their marketing material and new infrastructure, Merchant Services Network has done one of the most impressive initial releases of a total payment processing solution (credit, debit, gift loyalty, checks) that I have seen.Merchant Services Network is an ideal partner for our programs and technology,” states Chris Brundage, Senior Vice President of Global eTelecom.

Michael Usbelger, President of Merchant Services Network of Wellington, Florida, states, “Merchant Services Network is gratified to be working with Global eTelecom because their menu of services is comprehensive and customizable enough for our company to proudly offer it to our merchants. Our merchants expect and receive exceptional service and quality of services. By choosing Global eTelecom, we can offer our merchants everything from simple check authorization to full electronic check truncation with guaranteed funding.” Adds Usbelger, “Merchant Services Network is a fast growing,innovative merchant processing company.In the past year, the number of employees has increased five fold, and the next year promises to be even more dynamic. Merchant Processing is a highly competitive, highly technical business. Outsourcing our electronic check back end processing to a company like Global eTelecom keeps Merchant Services Network on the leading edge of merchant processors.”

About Global eTelecom, Inc.:
Providing TOTAL Check Solutions. Global eTelecom provides it's proprietary, fully customizable XML based electronic check processing services to a nationwide network of banks, independent sales agents and associations, credit card processors, insurance companies, and retail merchants, ranging in size from small "Mom &Pop" stores to national retail chains. Global eTelecom's Electronic Check Services include: Electronic Check Conversion (Point-of-Purchase), Electronic Mail Order / Telephone Order Checks (MOTO), ARC Lockbox Conversion, Electronic Recurring Debit, Electronic Represented Check Collection (RCK), Electronic Check Image Capture, and Secure Web Based Check Image Retrieval. Global eTelecom’s proprietary electronic check services are Licensed Under U.S. Patents: 5,484,988; 6,164,528; 6,283,366; and 6,354,491 from LML Payment Systems Corp.More information on Global eTelecom can be found on the company's website at www.globaletelecom.com

About Merchant Services Network:
Merchant Services Network is a leader in the merchant bankcard processing industry for more than 10 years.Merchant Services Network is a full service, nationwide, processor of Visa and MasterCard.We offer on of the most comprehensive packages of products and services available from a single source. We enhance point-of-sale transactions by offering all types of payment options, including Credit, Debit, Electronic Check Processing, eCommerce capabilities and Gift & Loyalty card programs.

Contacts:

Chris Brundage
Senior Vice President
Global eTelecom
35008 Emerald Coast Pkwy
Destin, FL 32541
Phone: (850) 650-8506
Email:
cbrundage@globaletelecom.com

Michael Usbelger
President / CEO
Merchant Services Network
3031 Fortune Way, Building A, Suite 11-17
Wellington, FL 33414
Phone: 561-798-3301
Email: president@msnps.com