The beta testing is scheduled to begin April 9, 2001.

The software will provide Merchants the ability to generate a database of recurring credit card transactions through a Windows based software application. The transactions will then process automatically according to the schedule the merchant sets up. An e-invoice and e-receipting functionality is also provided within the application. The interface is user-friendly, creates browser-based reports and allows the database to be downloaded to other desktop applications. This system will work in conjunctions with SPI's existing Verifone Payworks 3 payment engine.

"This application will provide merchants who have recurring monthly credit card billings, like membership fees, subscriptions or payment plans, etc., with a simple to use desktop application that automates the process," says Catherine Clarke, President and CEO of Strategic Profits, Inc. "Merchants can now realize the following benefits: less manpower - as re-keying credit card data is no longer required; less errors - data is only input once; better record keeping - management reports are built in; sensitive data can be kept within one secure and encrypted application."

IRAP's mandate is to stimulate wealth-creation for Canada through technological innovation. IRAP is designed to help Canadian small and medium-sized enterprises (SMEs) meet the technological challenges they face in delivering new products, processes or services. IRAP is the National Research Council's (NRC) award-winning innovation assistance service for small and medium sized enterprises. The NRC is a Government of Canada Agency.

About Strategic Profits, Inc.

Strategic Profits Inc. (SPI) has been providing Internet commerce solutions to SME's and not-for-profit and charities since 1994 including secure credit card transactions since 1997. SPI provides full Internet service offerings including online education, web hosting and design, Internet marketing, secure shopping cart and payment order systems, as well as secure payment transactions through Moneris Solutions and through out North American with GPS. Secure cash transactions are available through their partners, Hyperwallet.com! In 1998 SPI launched the communitystorefronts.com e-commerce pilot with their consortium partners Industry Canada, Royal Bank of Canada. Today communitystorefronts.com is a fully commercialized portal offering online shopping, fundraising, and turnkey e-commerce solutions at web address, http://www.communitystorefronts.com.