Denis Concordel Joins BitPass as Vice-President of Product Management; Key Executive Hired to Drive Product Requirements Associated With Growing Base of Content Owners Seeking to Monetize Digital Content

MENLO PARK, Calif--(BUSINESS WIRE)--April 24, 2006--BitPass, the leading provider of commerce solutions for digital content and services, announced today that Denis Concordel has joined the company as vice president of product management.

Concordel has been a consultant at BitPass for the past 13 months, responsible for driving the successful product development and launch of BitPass' incentives and rewards capabilities within Microsoft's NineMSN site. He also played a pivotal role in launching additional payments, promotions and incentive solutions at major content partners, such as Disney's Alias online site.

"Concordel's extensive development background, combined with his proven ability to identify market opportunities and build high performance teams to successfully bring products to market, are a great fit for the company as we continue to make progress in our plan to transform the way media and entertainment companies monetize their content," said Doug Knopper, CEO at BitPass.

Concordel brings more than 20 years of experience in building and leading high-performance product teams and successfully moving technologies from concept to market at startups and established companies. Prior to joining the BitPass team, he held executive positions at Open Country, an open source tool vendor, as well as Cariocas and Moai Technologies, both leading eCommerce solution providers. Prior to Moai, Concordel headed Manugistic's development efforts in California. He has also provided engineering management at KLA Tencor, where he founded the Robotics and Integrated Technologies division, and at Applied Biosystems, where he was a founding member of the Science and Technology group. Concordel graduated from the prestigious Ecole Nationale Superieure des Telecommunications in Paris with a master's degree in computer science and electrical engineering.

About BitPass

BitPass provides an innovative commerce platform that addresses the growing demand among digital content providers to efficiently monetize their online offerings. Buyers from more than 100 countries and more than 3,000 merchants have relied on BitPass to buy, sell and promote videos, streaming music, photos, news, business documents and other content and services. The company's customers include Microsoft, Disney, United Media, Ziff Davis Media, Time Inc. and CanWest Global Communications Corp. BitPass has received venture funding from Worldview Technology Partners, Steamboat Ventures, RRE Ventures, First Data Corp., Garage Technology Ventures, Cardinal Venture Capital, Amicus Capital and others. For more information, visit www.bitpass.com.