Vesta Corporation Signs Multi-year Contract with Boost Mobile® to Power Re-Boost® Account Replenishments

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Unlimited by Boost, Pay-As-You-Go, and Premium Plan customers to benefit from streamlined replenishment process, expanded payment channels

Vesta Corporation, a global pioneer and leader in value-added payment solutions, today announced that it has been selected by Boost Mobile, LLC, to manage phone- and Internet-based recharge transactions for the operator's entire product line.

Scheduled to launch later this month, the program will introduce new services and enable secure, convenient phone- and Internet-based account replenishments via multiple payment devices.

"Vesta's technology will further complement our Re-Boost offering with innovative and enhanced services for Boost customers," said Neil Lindsay, Vice President, Product Management, Boost Mobile.

The collaboration streamlines Boost's current credit recharge model by eliminating the need for customers to register over the phone with a live agent. Additionally, new capabilities will be introduced that enable Boost customers to utilize debit cards and electronic checks as payment options, expanding customers' options for replenishing via phone, WAP, or Internet. Boost will also introduce a feature allowing customers to receive a "gift" of Re-Boost® dollars. This proprietary Vesta feature allows a subscriber's friends and family to add funds to an account in real time.

"Like Boost, Vesta has earned a reputation for innovation in the prepaid industry," said Doug Fieldhouse, Vesta's President and CEO. "To that end, we look forward to working together to produce new products and services to benefit Boost's customers for many years to come."

About Boost Mobile
Based in Irvine, California, Boost Mobile, a division of Sprint Nextel Corporation, (NYSE: S), is a lifestyle brand that offers premium prepaid wireless phones and services. Boost is among the leading prepaid wireless services in the U.S. and now has 4.6 million customers -- the majority of which are under the age of 30. Boost-branded wireless phones and services are available at national retailers, independent wireless dealers and convenience stores. Purchase and experience Boost Mobile on the Web at http://www.boostmobile.com.

About Vesta Corporation
Headquartered in Portland, Oregon, USA, with operations in Europe and China, Vesta has been a pioneer and worldwide leader in virtual payments since 1995. Building upon its core mission to accelerate the global growth of virtual commerce by providing innovative payment and financial solutions, Vesta has established long-term, successful relationships with leading international companies including AT&T Mobility, AT&T Long Distance, alphyra group ltd., China Mobile, China Unicom, Ericsson, Meteor Mobile Communications, Verizon, Sprint, and T-Mobile. The company has achieved extraordinary growth, and has received numerous awards and recognition, including recent induction into the Inc. Hall of Fame for five consecutive years as an Inc. 500 fastest growing private company. More more information, go to http://www.trustvesta.com.

Media Inquiries, Boost Mobile:
Boost Mobile Media Center
press@boostmobile.com
+1 949.789.4900

Media Inquiries, Vesta Corporation:
Scott Boucher
Manager, Corporate Communications
scott.boucher@trustvesta.com
+1 503.790.2500

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