Internet Methods, Inc. Initiates Final Testing and Prepares Financial Services Platform Launch "iMethods Service Access Processing Engine"

Global financial transaction engine combining traditional payment methods with that being provided through the Internet for real-time cash managaement. Solutions are integrated with Bank cards for the "unbanked". Solutions provide the Small- and Medium-sized Enterprises (SME) parity with Large Enterprises.

SCOTTSDALE, Arizona. -- January 23, 2003 -- Internet Methods, Inc. (iMethods) today announced that it is in final testing of its iMethods Service Access Processing Engine preparing for launch in February. The Engine focuses on delivering a suite of financial products utilizing the Internet as its delivery. The Engine consists of middleware software components that tie together a multitude of existing systems from some of the largest financial processing companies in the world. The software provides for complete integration with the traditional payment solutions bringing to the market the first real-time global cash management capability on the market. A full complement of financial transactions will be available at the heart of eCommerce consisting of:

Account-to-Account Transfer of Funds
Full Feature Credit Card Processing
Automatic Clearing House (ACH)
Electronic Funds Transfer
Worldwide Wire Transfer Bank to Bank
PIN Debit
PIN(less) Debit For Utility Bill Payments
Foreign Currency Management & Processing
Multiple Currency Payment Options

Transactions are packaged into solution sets making up iMethods suite of financial products. Coupled with other products and processing capabilities of the Engine, these solution sets provide parity for the Small- and Medium-size Enterprise while making available cost efficient back office services to the Large Enterprises. Supporting iMethods technology is EDS, FiServ, Travelex and many more.

iMethods is excited about the upcoming launch and the capabilities it will bring to the market place. The suite of financial solutions is common in their processes but when bundled with other products iMethods is able to provide turnkey solutions to many industries. As an example, in a recent published analyst report by Celent Communications, they reported that US Banks are missing out on an estimated $8.5B in annual revenue by not providing Account-to-Account processing. In another one, they reported that by the year 2005 60% of the US Banks would be selling third party products through Open Finance architectures as they struggle to market commoditized products. iMethods built its system architecture for open access to lead the way in aggregating third party products within its iMethods Marketing Exchange System. These opportunities could not come to fruition unless there was at the heart of the transaction the ability to complete the financial transaction," said Jim Pugh, President & CEO for Internet Methods, Inc.

About Internet Methods, Inc.
iMethods (www.imethodsusa.com) provides a comprehensive and unique suite of financial, insurance, and human resources-related products and services as well as cash delivery and management systems via its proprietary and patent-pending technology platform. The iMethods Service Access Processor engine and iMethods Marketing Exchange System, delivers a secured, closed-looped, internationally compliant financial processing engine to the Small- and Medium-sized Enterprise (SME) marketplace. Founded in 2000, iMethods is headquartered in Scottsdale, Arizona.

Safe Harbor -- This press release includes forward-looking statements that involve risks and uncertainties, including, but not limited to, product delivery, the management of growth, market acceptance of certain products and other risks. These forward-looking statements are made in reliance on the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. For further information about these factors that could affect Internet Methods, Inc. future results, please contact the Company directly. Prospective investors are cautioned that forward-looking statements are not guarantees of performance. Actual results may differ materially from management expectations.