Distributor Agreement Signed

Shanghai, July 29, 2007. Blue Bamboo Pty Ltd announced today their commitment to the European card payment terminal market.  The company signed an exclusive distribution agreement with UK based BlueWave Payments Limited. 

Jason Jones, the CEO of Blue Bamboo said; " This is the start of our product sales in Europe, BlueWave Payments is made up of card industry professionals with extensive knowledge and experience of the European card payment industry. We look forward to a long and mutually rewarding relationship".

It is understood that BlueWave Payments already has merchant customers for the Blue Bamboo terminals and will run a field pilot with a number of leading UK acquirer banks this year.