ZipGlobal Holdings, Inc. (BULLETIN BOARD: ZIPG.OB) ("ZipGlobal" or the "Company") is pleased to announce the introduction of the Company's new payment solution product, ZipPay Payment Solutions, which provides International and Domestic monetary transfer, credit card processing and a full line of "e-wallet" payment solution services. The company has signed contracts an initial three ZipPay credit card processing customers, along with the first cash transfer customer, and has begun to implement transactions. The first transactions for ZipPay have occurred in China.

Mr. Michael Lee, President and CEO of ZipGlobal, comments, "The introduction of ZipPay Payment Solutions is the second of what the Company anticipates will be a new generation of revenue producing products. With ZipPay Payment Solutions, the Company is entering one of the fastest growing world economies in China. We see significant opportunity here."

The company is also announcing that it has halted wholesale minute operations because of small gross profit margins.

Mr. Lee continues, "Because of small gross margins, the Company has elected to cease wholesale minute sales. The Company is now concentrating on business operations that offer better profit margins, both now and in the future.

About ZipGlobal Holdings - With Corporate offices in Braintree, MA and with Operation offices in Hong Kong and Guangzhou, China, ZipGlobal Holdings, Inc. is a China and US based VoIP telephony provider for customers worldwide, a cellular phone international long distance call provider for customers in the US and Canada and a Payment Solution Processor in China.

Source: ZipGlobal Holdings, Inc.

Web site: http://www.zipglobal.com/