Vesta Corporation Launches New "Top Up Express" Services for O2 Ireland

Prepaid Customers Can Easily Add Credit to Their Accounts Using Credit and Laser Cards

PORTLAND, Ore, and DUBLIN, Ire, 19 June, 2007 — Vesta Corporation, a pioneer and global leader in virtual payment solutions, today launched a new top-up service for O2 Ireland.

O2's prepaid customers can now top up anytime, anywhere using their credit card or Laser card by simply dialing the short code "1749" from their O2 phone. Customers will have the option to top-up using an automated voice response service or by talking to a customer care agent and will now be able to complete a top-up transaction start to finish the first time they call. Vesta's proprietary technology handles the top-up requests, validates customers' payments, and quickly adds credit to customers' accounts.

O2's partnership with Vesta also introduces a new feature enabling anyone to give a "gift" of prepaid credit to O2 customers. This capability allows topping-up an O2 account using a credit card or Laser card by simply dialing the Lo-call number 1850 923779.

"Our solution provides more convenient ways for O2 customers to top up, and a more cost effective solution for O2," said Lorcan Burke, Vesta's Vice President, European Sales and Marketing. "And with summer holidays approaching, the gifting feature allows an easy way for family and friends to top-up an O2 account anytime, anywhere," he added.

Commenting on the launch of the new service, Declan Burke, O2's Recharge Business Manager, said, "Top Up Express reinforces our commitment to providing excellent customer care in all of O2's services. Through our partnership with Vesta, we can provide faster and easier solutions that enable customers to top up at any time, directly from their phones."

The partnership with O2 strengthens Vesta's foothold with European operators. The top-up service will be fully supported by Vesta's European Operations Centre.

About Vesta Corporation

Headquartered in Portland, Oregon, USA, with operations in Europe and China, Vesta has been a pioneer and worldwide leader in virtual payments since 1995. Building upon its core mission to accelerate the global growth of virtual commerce by providing innovative payment and financial solutions, Vesta has established long-term, successful relationships with leading international companies including AT&T Mobility, AT&T Long Distance, alphyra group ltd., China Mobile, China Unicom, Ericsson, Meteor Mobile Communications, Verizon, Sprint, and T-Mobile. The company has achieved extraordinary growth, and has received numerous awards and recognition, including recent induction into the Inc. Hall of Fame for five consecutive years as an Inc. 500 fastest growing private company.

About O2 Ireland

O2 Ireland, part of Telefónica O2 Europe, is a leading provider of mobile services, offering communications solutions to 1.6 million customers in Ireland. The company has offices in Dublin, Cork, Galway and Limerick and was voted Best Company to work for in Ireland in 2006.

Telefónica O2 Europe comprises mobile network operators in the UK, Ireland and Slovakia, along with integrated fixed/mobile businesses in Germany and the Czech Republic - all of which use 'O2' as their consumer brand. Telefónica O2 Europe also owns 50% of the Tesco Mobile and Tchibo Mobilfunk joint venture businesses in the UK and Germany respectively as well as having 100% ownership of Be, a leading UK fixed broadband provider. In addition, the group includes the Isle of Man fixed/mobile operator, Manx Telecom.

Media Inquiries, Vesta Corporation Europe:

Janine Harris
European Marketing
janine.harris@trustvesta.com
+31 (0)6 2272 0817

Media Inquiries, Vesta Corporation Americas:

Joshua Rush
Director, Marketing
joshua.rush@trustvesta.com
+1 503.790.2500

Media Inquiries, O2:

Niamh Boylan
Senior PR Executive
Media & Public Relations Manager
086-3809191