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Wednesday, November 14, 2007

Citadel launches Rapid Bank Transfer

BURNABY, BC, November 14, 2007 --- ESI Entertainment Systems Inc. ("ESI") (TSX:ESY) a leading provider of secure payment processing services to international e-commerce industries, today announced that its wholly owned subsidiary, Citadel Commerce Corp., has commenced live operations of Citadel Rapid Bank Transfer.

Citadel Rapid Bank Transfer is a revolutionary payment solution that provides the capability for consumers to instantly and securely pay for purchased items using local bank transfers, with real time notification of funds receipt to the merchant. This is accomplished by the consumer logging into their own Internet banking system and securely initiating a payment to a Citadel owned bank account.

Citadel Rapid Bank Transfer is a new alternative payment solution that supports an international base of banks without relying on traditional banking infrastructure. It encompasses a payment interface that can be easily and rapidly integrated directly into merchant sites, along with a sophisticated fully automated backend that supports and reconciles a large network of international bank accounts, handles foreign currencies, and supports international treasury management functions.

"We are very pleased to have formed strategic relationships with a select group of key large merchants, who have commenced using our new product for international payment processing", stated Michael Meeks, President of ESI and Citadel Commerce. "We feel Citadel Rapid Bank Transfer provides a very fast and cost effective international payment solution which no other payment processor or bank can offer. We have been able to create a world class solution, and with ongoing guidance and input from our key merchants, we will continue to enhance and evolve the product."

Citadel Rapid Bank Transfer presently supports real time payments from Bulgaria, Denmark, Finland, France, Germany, Greece, Italy, Mexico, Norway, Poland, Portugal, Romania, Sweden, Spain, and United Kingdom, with additional countries constantly being added.

Citadel Rapid Bank Transfer is available for direct integration to merchant sites for both debit and credit transactions, and is also available via Citadel's myCitadel World Wide Wallet. Citadel also supports international paper cheque payouts in local currencies drawn on local banks.

posted by Clark Gamble at Citadel launches Rapid Bank Transfer

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