© Netweb Group, Inc., Private and confidential

The MissionThe Mission

Building A transaction-driven, virally growing money management network– To be the market leader in online payments– Services portal for small business– Online Electronic Documents– Finance Management Tools – Customer centric Products– MSP Space (Management Service Provider)

Product Is a Financial VirusProduct Is a Financial Virus

LindaKen

Anne

Ehrlich

Sam

costeu

Saroj

Niraj

Huo

Ram Chandu Paul Dan Josh TaraClay

Product SynergiesProduct Synergies

Payment system– Light client– Builds user base– Exclusive deals– Penetration– Technology driven– Stickiness

Management services– Full service shop– Real time action– Manages money– Self planner– Trust & brand loyalty– Network building

eBusiness Driven by MoneyeBusiness Driven by Money

P2P CheckCheck receiptDirect Deposit

Money TransferCollection Notices Personal Payments

POS Micro PaymentsPayment for Auctions

Payment for eCommercePayment for Invoices & Bills

Payment for B2B Value ChainsOnline Business Data/Docs Repository

P2P Payment ConceptP2P Payment Concept

Sam signs up and enters credit card or bank account information

Sam pays to Anne’s e-mail address

Anne gets e-mail with link, to signup and receive the payment

Anne clicks link and signs up to receive the money.

Anne makes payments to others asking them to signup

Money Money IN OUT

Cards– Debit– Check– ATM– CC

Paper– Cheque/DD

eMoney– ACH– Ecash

Withdrawls– ATM– Cheque– DD– Billpay– P2P

Investments– Funds– ?

PositioningPositioning

Payment Gateway-1

Payment Gateway-2

Bank One

Bank Two

Business-1

Business-2

Value Added Financial Value Added Financial Services(Long Term)Services(Long Term)

ATM Free Access Web Pay EIPP& EBPP Fee Based Services

Figures in $Million

0

100

200

300

400

500

600

700

800

1st Qtr 2nd Qtr 3rd Qtr 4th Qtr

ATM/CHECK

BillPay/EBPPEDPP

P2PServices

Others

Salient Features

• Money from Consumer to Consumer • Payments from Customers to principals or from Student to School etc.• Money transfer using email id - Unique identifier for the accounts.• Transfer of Money across distant geographic borders

•Uses

• Students get funds from parents or lending institutions• Consumers pay Gas Bills, Credit Card Payments, Phone Bills.• Immigrants Transfer Money into receiver’s account in another country• Colleges collect payments from students

Personal PaymentsPersonal Payments

Salient Features

• Money from corporates to customers and other corporates• Business transactions across geographic areas• Data Export, Extraction, reconciliation and reports• Front ending with additional servicing and support• Secure and insured payments• Integration with Legacy Accounting Systems

•Uses

• Manufacturing Companies can collect payments from dealers• Traders can exchange money with Principals. • Websites pay commission to affiliates• Value Chains (Vertical Markets) exchange payments

Business PaymentsBusiness Payments

Salient Features• Payments from POS terminals• Purchase transactions across US• Wireless access using PDAs• Secure and insured payments• Intgration with Payment & Legacy Accounting Systems

•Uses • C2B POS payments without the ATM or Cash• ATM Free withdrawl of cash.

WebCash PaymentsWebCash Payments

Salient Features

• 2nd generation hybrid-operating model - supports Push & Pull• Secure - S/MIME and a secure connection with 128 bit SSL/TLS. • Manage - Complete administrative 'command and control' system • Scale - designed to support millions of users. • Support for multiple payment mechanisms while system is running. • Integration of promotional content with bill message. • Intgration with Legacy Accounting Systems

•Uses

• Regularly billed Companies collect payments from consumers• Process integration - ESD allow total statement handling • Further marketing & revenue opportunities for Sender.• Value chains provide a universally accessible Invoice

Bill PaymentsBill Payments

Payments UniversePayments Universe

C2C C2B

B2C B2B

Consumer Business

Some US NumbersSome US Numbers•US Postal Service Stamp revenues - $37 Billion

•Top 3 Insurance Company Collections - $ 395 Billion

•Sales of 10 Consumer Companies - $450 Billion

•Average Revenues of One Grocery Store - $25 Million

•Gas Pump Collections of 3 Gas companies – 350 Billion

•Utility & Telephone Collections - $2.5 Trillion

•Sales of Walmart - $165 Billion

•Homedepot card collections - $3 Billion

* Source - Forbes Web Site

Product PositioningProduct Positioning

Savings Bank

Fixed DepositsChit Funds

Value Proposition

Liquidity0

100

100

eClickMoney

Growth

Blue Chip Stocks & Bonds

Junk Stocks

Bullion

C2C OpportunityC2C Opportunity

Market– $375 billion US C2C

purchases – $10 billion – India– $200 billion – ASIA– 5000 auction sites– $25 billion worldwide

auction industry by 2003

Methods– More accepted than

CC– Exclusive deals with

ecommerce companies– Customer push– End to end Support– Hand-holding retailers– Cash incentives

US B2C OpportunityUS B2C Opportunity

Market Effective & easy way to

pay affiliates, customers Cost of accounting

exceeds value of accounting– 10000 affiliates by 2001– 300000 customers ( 10000

Customers - first month)– $200 Billion B2C Payments

Methods– No Need for accounting– Win-win situation– Anytime, any amount– One size fits everyone– Exclusive deals

Customer demands– “We do not want checks”– “We do not want banks”– “We need it now”

C2B OpportunityC2B Opportunity

Market– Cares for small business??– $28 billion US Online

payments and growing at 50% every year

– Seamless way to payments– CC penetration– Rs. 200 Billion Market size– IPO Amt raised 2000 (297

Billion)

Methods– 2 million merchants– One-click transfer– Reduces cost of payments– Rubber charges– addresses “We will not

deliver till we cash”– ‘Oh! Oh! There is some

problem with this check’

B2B OpportunityB2B Opportunity

Market– As big as banking & funds

industry– Over served and expensive– Disintegrated– B2B is win-win and needs

a facilitator– Growing at 40%– Vertical Exchange Trade

Volume 2000 – 76 Billion

* Source Dataquest, page 73 July 2000

Methods– End to End support– Affiliate programs– Communities – Leverage dominance in

P2P– Dispute Resolution– Financial paper– Ubiquity

International OpportunityInternational Opportunity

Market– $US 20 Trillion market– No barriers across

borders– Underserved– Un-elastic– Prerogative of banks

and western union– Conversion barriers – Serve governments

Methods– Avoid transfer fee– Leverages dominant

position in C2C and B2C

– International affiliates– Global auction market– Serve global B2B – Replaces parallel

economy

Proposed Product to Market Proposed Product to Market PlanPlan

US - July, 2002India - Nov, 2002 Spanish America - Nov, 2002Europe - January, 2002

The CompetitionThe CompetitionWeb Pay: PayPal, BillPoint, Achex, eMoneyMail

Bill Consolidator : Checkfree, Spectrum

BillPay : PayTrust, Yahoo BillS, iBill.com

eDocs : NetDelivery(Ca)

Merged Sites :PayMybills.com + paytrust BillServ+Derivion+Edocs+PrincetonecomCheckfree+Transpoint

Sites No Longer in business:ExchangePath.com, payme.com, PayPlace.comPlus any other sites that come up in Search Engines

PartnersPartners

– Our Partners in US would be ….

Ecommerce Sites ACH processors Web portals Banks and Credit Unions Investment & Business houses Insurance

Companies Consumer companies

US Business StrategyUS Business Strategy Objective

– Build a network of Partners (web/brick)– P2P Payments– Web Payments– EBPP– WebCash test marketing

Goals (end 2001)– To enlist 1,000,000 business accounts– To register 6 million online customers– To transact a volume of $1 Billion– 1% net profit - 10 million

Estimates (Y1)Estimates (Y1)•Personal Payments:

• No of users in the First Year 5 Million

• Average Amt per transn $20

• Number of trans per Year per person 1.2

• Average Float Size $40

• Total Transaction Amount $120 Million

• Total Float $200 Million

•Business Payments:

• No of business accounts 1 Million

• Average Amt per transaction $85

• Number of trans per year per customer 12

• Average Float Size $250

• Total Transaction Amt $1 Billion

• Total Float $250 Million

Estimates Contd..Estimates Contd..

• Bill Pay:

• No of customers 2 Million

• Average Amt per transaction $45

• Number of trans per year per customer 18

• Total Transaction revenue(2 Million Accounts for 6 Months @ $3 per Month) 36 million

Pessimistic Cash Flow (Y1) Pessimistic Cash Flow (Y1) Item Revenue Gross Margin

1. Float 450M 22.5 M (5%)

2. P2P 30M -0.9 M (-3%)

3. C2B 300M 6.0 M (2%)

4. Bill Pay 36M 18.0 M (50%)

5. Eye Balls 12M 6.0 M (50%) As net margin, transaction fee, value added services on an user base of 200000

Personal and 100000 Business accounts at the end of 1 year of launch. No revenues on eyeballs

Current StatusCurrent Status

• Website Design & Development - Done

• Website Support Centre - Set up (Hyd)

• Merchant Account - Done

•Technical Partners - Done

• Venture Financial Partners - TBD

• Functional Partners Network - TBD

Threats and RisksThreats and Risks

• Sceptical Government’s View of Money Handlers

• Licensing requirements for Money Transfer

• Banks may network to transact online in real time

• Regulators’s view of Online Payment Systems unclear

• Comptetition between Similar Service Companies

• Security Risks – Hacking, Fraud and Theft

Finance Needs Finance Needs •A. Product Integration $1.0 Million

•B. Capital Equipment $2.0 Million

•C. Marketing Costs $2.0 Million

•D. Customer Support $1.0 Million

•E. Licensing and Administrative Costs $3.0 Million

• User Registration Bonus - 1 M Users @$5 $5.0 Million #

•# Tentative Budget

ValuationsValuations

0

500

1000

1500

2000

2500

Value Per user

Revenue

Cost

EclickAmazon/EbayChat/Pets Etrade/Paypal

6Million Users @$250 = $1.5 Billion

Architecture for the new Architecture for the new economyeconomy

TeamTeam• Seshu Kanuri - Founder & CEO

Seshu is a 15 Year veteran of the I.T, eCommerce and Internet Industry. Seshu holds an MBA in Marketing and additional qualifications in Computers Seshu served as I.T Head for Karvy Consultants Ltd., one of the largest financial service organizations in India and possess both technical and functional expertise in the Areas of Banking, Securities, Mutual funds besides several years of experience in Consumer Product Marketing, Petroleum Products Distribution. Seshu has spent last 4 years in USA with companies like IBM, LUCENT, ADVANTA, AVON, X.com/PayPal and iMotors.com in Silicon valley. Seshu will head the eclickMoney team as a strategist and provide the vision for the company.  Seshu is an avid proponent of strong client relationships – and is often heard repeating the mantra “take care of the client and the client will take care of us” Seshu’s personal traits include meticulous and thorough study of business opportunities, hard work and commitment to his professional pursuits. A true visionary, Seshu repeatedly tells his partners “Our future is in our own hands This company can be anything we want to make it.” And he means it.

•  Michael Parpounas - COO • Until recent times Michael Parpounas served as Regional Vice President at ATC Associates

Inc. One of the biggest Environmental firms in US. Michael started with ATC in 1992, when he secured and managed contracts from two of ATC's largest revenue clients throughout the 90s - the NYC School Construction Authority and NYC Board of Education.  Since then he's taken on more clients and managerial responsibilities, and has managed the NYC Branch with a staff of 250 employees. Prior to joining the Environmental Consulting Industry in America, Michael worked as freelance geology consultant and taught geology, oceanography, and physical and economical geography at American Academy in Larnaca Cyprus.  He also served as an adjunct Professor at Queens College of the City University of New York. 

Team Contd..Team Contd..• Paul Turner - VP , Technology Till recently Paul was working as Sr.Manager, I.T for iMotors.com. Paul has over 10 years of experience in

Information Technology, Automobile Industry, finance, marketing and consulting. Paul has worked for major companies like Citibank , Chase and Wells Fargo as Senior Technology Officer. Paul has an MBA degree from Harvard and UC, Berkeley. Paul is a veteran I.T person with high integrity and many successes to his credit. Paul will head the technology arm of eClickMoney.com.

• Shree R Singh - VP of Customer Services & Quality Assurance

Shree Ram is the founder & CEO of Excel Technologies, a profitably running I.T Solutions compny based in Montgomery, Alabama. Shreeram has extensive experience in building an maintaining a call center for client servicing needs. Shree ram will look after the Client Servicing and Product Quality Assurance needs.

• Prasad Doddapaneni VP, Security & Quality Assurance. Prasad Doddapaneni has Over 8 years of varied experience in Environmental Engineering industry and IT

Quality Assurance Management. In addition, assisted private and public clients in overall project management in the above-mentioned areas. He also served as Project Coordinator with ATC Associates Inc, NY to oversee the operations and technical staff management, of the Industrial Hygiene, Environmental, IT divisions. Prasad is well known among friends and Coworkers for his GO GETTER attitude. Prasad has a Bachelors degree in Civil Engineering from the Andhra University an Oxford affiliated University at Waltair AP, INDIA, and a Masters Degree in Environmental Engineering from University of New Haven CT.

• Chief Finance Officer – TBD. Till a Finance officer is found, Seshu kanuri will serve as the Finance Manager for the Company.

StatusStatus• Benchmarks/Milestones

• Critical Product Life Cycle stages EclickMoney.com either met or should meet after getting the funding are as under.

•  Priority Status/Time Scheduled

• 1.Product 1st Stage Features Completed

• 2. Software Development Partnership Completed

• 3. Marketing Tieups In Progress

• 4. Angel Financing Completed

• 5. 2nd Stage Development 06/01/2001

• 6. 1st stage Product launch 07/01/2001

• 7. Round 1 Financing 08/01/2001