Flint Telecom Subsidiary to Address the $8.2 Billion Vietnamese Remittance Market With New Australian Partnership

Mr. Rowlison stated, "We have been shadowing III as it developed its prepaid debit card and remittance programs over the past two years and we have as well seen the rapidly growing possibility in Vietnam for such programs. The moment is thoroughly right to launch these programs between the Australian and U.S. banks in conjunction with Vietnamese banks. The level of remittances is very large and continues to grow and the banks are in need of these services to begin to capture some of the business done by the established remittance houses. We are in the extreme excited to have reached this milestone and I believe we will quickly capture for the moment 5% of the remittance market and will have support from the Vietnamese government to do so."

The other partner in R2V is Golden Connect Pty Ltd

The other partner in R2V is Golden Connect Pty Ltd. Based in New South Wales, Australia, Golden has extensive history of success in ventures in Australia and throughout the Pacific Rim especially in Vietnam. Mr. Quang Nguyen, Managing Director of Golden, is then connected in the Vietnamese community in all three countries and has managed many successful ventures with Vietnam. Some of these ventures include natural resource opportunities in oil and gas, mining, and in consumer goods. Golden as well provides investment banking services, M&A support and pairing business opportunities among companies both within and outside Vietnam. Through its relationships in the Vietnamese communities in Australia and the U.S., Golden will lead the marketing activities through Vietnamese organizations and the commercial communities in these countries. Golden is bringing the key recipient banking relationships in Vietnam to the operation.

Mr. Nguyen stated, "The possibility for the Vietnamese banks is huge in a market where they currently have a very low market share. The R2V programs bring services to the Vietnamese on a 24*7*365 basis at a much lower cost and far superior service than traditional services. Providing secure and instantaneous remittances of funds to the partnering banks and immediate availability at the banks' ATM's is a distinct advantage over other solutions that require recipients to travel to dedicated remittance outlets and to wait in lines that are only available while business hours to receive their funds. The programs as well offer many benefits to the Vietnamese living in Vietnam, Australia and the United States. To illustrate in the U.S., the programs offer so many banking benefits over traditional bank accounts to the Vietnamese to boot to the remittance solution that the convenience of the programs alone will win great support. The established remittance organizations do not currently offer in-country services as part of their offering. We are supporting our belief in this venture with a $1.2 million investment."

Mr. Abu Karim, III's President for Australia and Asia Pacific states, "We are in the extreme pleased to be working with such powerful partners for this exciting possibility in Vietnam. It is the strength and unequalled qualities of our innovative suite of financial services that continues our success in India and the Pacific Rim countries. Our fees are fixed and in the extreme low compared to other providers and are not adjusted by the amount of each transaction. III earnings and net income are generated by the use of the cards, not the amount loaded on them. This is why we have focused on India and Vietnam in first instance as these groups remit millions of low value transactions per year and we get a fee on every transaction. We look forward to working with Darval and Golden and our banking partners to deliver real value for Vietnamese people everywhere in bringing them new, low cost and convenient ways to pay for day-to-day activities and to remit money home."

About Flint Telecom Group, Inc.Flint Telecom Group Inc. is an international Telecoms Innovation Organization with a portfolio of companies that deliver VoIP (Voice over Internet Protocol) and wireless communications and prepaid financial products and services globally. Headquartered in Overland Park, Kansas with offices throughout the US, India and Ireland, Flint Telecom Group is a fully reporting company trading on the OTC Bulletin Board® in accordance with the ticker symbol: FLTT.OB. Flint Telecom ranked number 72 in the 2010 Deloitte Innovation Fast 500?, Deloitte's ranking of 500 of the fastest growing research, media, telecommunications, life sciences and clean technology companies in North America. Flint Telecom was founded by a team of telecom and technology experts with a proven track in building and maintaining international technology companies. Additional information may be found at www.flinttelecomgroup.com

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