Press release

Valista Wins International Stevie® Award For Most Innovative Company 2006 In The Third Annual International Business Awards^SM

Dublin, Ireland and San Mateo, CA, USA – May 23^rd, 2006

Valista (www.valista.com), the leading provider of payments and merchandizing solutions enabling the purchase of premium services, has won an International Stevie Award for Most Innovative Company in the 2006 International Business Awards. The International Business Awards are the only global, all-encompassing business awards program honoring great performances in the workplace.

Nicknamed the Stevie Awards for the Greek word “crowned,” the award will be presented to Valista at a gala dinner on Monday, June 26 in the Marriott Marquis Hotel in New York City. The ceremonies will be videocast live worldwide by HB Group, and will be broadcast live on radio in the U.S.A by the Business TalkRadio Network.

Winners of the International Stevie Award trophies were selected from more than 700 nominations received from companies and individuals in more than 30 countries. Twenty-two nations have at least one International Stevie winner each, including Austria, Australia, Canada, China, Croatia, the Czech Republic, Finland, France, Germany, India, Indonesia, Ireland, Korea, Kuwait, Malaysia, Nigeria, Portugal, Sweden, Thailand, Ukraine, the United Kingdom, and the U.S.A.

Companies from all over the world are eligible to compete in The International Business Awards, and can enter in any of more than 40 categories from Most Innovative Company to Best Multinational Company and Best New Product to Best New Products and Best Executive.

Members of the Awards' Board of Distinguished Judges & Advisors and their staffs selected International Stevie winners from among the Finalists, which were determined by volunteer judges around the world during two months of preliminary judging.

“The growth in entries this year illustrates the increasing importance of The International Business Awards worldwide,” said Michael Gallagher, president of The Stevie Awards, presenters of the IBAs. “We congratulate Valista and all of the International Stevie Awards winners, and we look forward to honoring them for their achievements at our gala awards dinner in New York on June 26.”

“We are honoured to be chosen among the prestigious list of winners in the Stevie Awards which are a further endorsement of our leading position in the payments and merchandizing solutions marketplace,” said Raomal Perera, CEO of Valista. "Our team is very proud that we have been selected among so many blue chip companies as the most innovative for 2006. I believe that Valista is well positioned to continue to build on our success to date, while ensuring that we continue to set new benchmarks in mobile and electronic commerce worldwide."

A complete list of International Stevie winners and other details are available at www.stevieawards.com/iba

Notes:
For more information, please contact:

Valista®
Evanna Kearins
Director, Marketing.
Email: marketing@valista.com

About The Stevie Awards
Hailed as “the business world’s own Oscars” by the New York Post (September 22, 2002), Stevie Awards are conferred in three programs: The American Business Awards, The International Business Awards, and The Stevie Awards for Women Entrepreneurs. Honoring companies of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about The Stevie Awards at www.stevieawards.com.

Premier Sponsors of The 2006 International Business Awards include Factiva and NII Holdings. National sponsors include Emirates Post and the Korea Business Communicators Association. Lionbridge is the official localization partner. Media sponsors are Canadian Business, CIO Decisions, Clickmedios, CorpComms, and Selling Power. The Business TalkRadio Network will host the live radio broadcast of the June 26 awards ceremonies, and HB Group will videocast the ceremonies worldwide.

About Valista®
Valista is a global leader in the provision of multi-channel payments and merchandizing software, accelerating digital content and premium services adoption for on-portal (walled-garden) and more open ecosystems (off-portal). The company enables telcos and cable operators, ISPs and portals to create new relationships with customers by facilitating a wider choice of purchase and payment options. The company’s products support the entire commerce ecosystem and include micro and macro-payments; advanced settlement; multi-merchant bundling; discounting; promotions and loyalty programs. Valista’s technology has been proven in real-world implementations with leading innovators such as: AOL; Vodafone; NTT DoCoMo; France Telecom's w-HA, Wanadoo, Tiscali, T-Online; NTT DoCoMo; Orange; 3; Hutch Sri Lanka; GTECH; and Hong Kong CSL.

Valista® and ‘accelerating commerce™’ and ‘new ways to purchase with multiple ways to pay™’ , ‘payments software enabling the purchase of premium services™’ ‘PaymentsPlus’, ‘OffersPlus’, ‘RSE’ are registered trademarks and trademarks of Valista Limited. All other trademarks and registered trademarks referenced in this document are the property of their respective owners.

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