Free Billing and Payment Software Provides Instant ROI to Companies Worldwide

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Inovium Corp. today announced the availability of InoviumPay Central, an electronic billing and payment system designed for businesses that currently accept credit cards payments.

Inovium Corp. today announced the availability of InoviumPayCentral(TM), an electronic billing and payment system designed for businesses that currently accept credit cards payments. InoviumPay Central enhances these existing systems with a payment scheduler, electronic submission of all invoices, integration and batch uploading to any major accounting system, and full management control and reporting, allowing the company to streamline operations and free up labor.

To introduce the concept of Electronic Invoicing Presentment and Payment (EIPP) and its many benefits, Inovium will be offering this billing and payment system for free to any company or organization worldwide utilizing their existing merchant card provider. Interested parties must sign up by November 30, 2006.

This Software-as-a-Service (SaaS) solution allows business customers to pay at any time online via a customized Automated Payment Interface which will include the company’s own logo. The system includes a Payment Scheduler - an easy-to-use, automated recurring payments function that replaces the traditional method of billing and collection. The Payment Scheduler provides for regularly scheduled payments which free the business manager from sending reminders to its customers. This benefits both the company in assuring on-time payments and the customer who then need not worry about sending a payment each month or incurring late fees.

According to leading market research firms, the average cost of the billing cycle in the U.S. now exceeds $15 per invoice for medium size companies. InoviumPay Central allows any business to reduce this cost by sending out invoices to all customers electronically, in seconds, and for free.

“Every business owner has read from the leading market research firms that EIPP provides fantastically rapid ROI due to its many benefits in cost savings, increased productivity, and streamlined operations”, says Todd French, COO of Inovium Corporation, adding: “Offering InoviumPay Central for free creates literally an instant ROI since there is no investment – who can turn that down?”

Inovium Corp. provides EIPP solutions, by means of SaaS applications, to medium-size businesses and municipalities. The company’s headquarters are located in Las Vegas, with offices in Orange County, Calif., and in Europe. To learn more about its products, mission and management, or for more information about the free offer, visit the InoviumPay Central website at http://www.InoviumPayCentral.com.

Contact:

Jules Kaplan

Inovium Corporation

702-254-6385

http://www.inovium.com

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