Shopit Partners with Revolution Money to Offer its Users a New Preferred Online Payment Method

MoneyExchange Gives Shopit Users $10 for Signing Up*


(Los Angeles, CA) - July 8, 2008 - Shopit, the fastest growing free Peer-to-Peer Social Commerce Network, today announced a partnership with Revolution Money Inc. to provide its customers with a special offer for its official online payment service of choice, Revolution MoneyExchange™. This dynamic online payment service is free to sign up and offers Shopit users a $10* credit when they open a new MoneyExchange account.

Shopit has selected MoneyExchange as the preferred method of payment using Shopit's application and online stores. Unlike some other payment options, signing up, as well as sending and receiving money between accountholders is free with MoneyExchange. If a user already has a MoneyExchange account, MoneyExchange can be added as a payment method to the Shopit account. Users can learn more and sign up at Shopit.com.

"We are very excited that MoneyExchange is the preferred payment method for Shopit, a premier social commerce brand," said David Cautin, senior vice president and general manager, online business at Revolution Money. "Because MoneyExchange allows free online payments between accountholders, Shopit's online sellers are now able to increase profits from their sales. This partnership offers Shopit users a better way to make and collect online payments."

"Offering MoneyExchange increases the number of options for our users to transact with each other and that, in part, is what makes Shopit a great vehicle for reaching as many people as possible," said James Revell, senior vice president of marketing at Shopit. "For a limited time, users who sign up through Shopit will immediately receive a $10 credit into their MoneyExchange accounts. This is a terrific opportunity for buyers using Shopit to try out and familiarize themselves with this exciting new payment service."

About Shopit
Shopit is a simple to use commerce platform that enables efficient sharing and publishing of products and information anywhere online. Products and Services can be directly linked from Shopit to any site, including popular destination properties like MySpace, Facebook, Bebo, Friendster, Blogger, LiveJournal, Xanga and many more. Shopit enables users within these networks to buy and sell goods and services. Shopit's free commerce platform provides 100 percent Identity Management/Security features, Shipping Management, and the Moderation of the products, services and content published by its users. Shopit's free service is compatible with most social networks, Blogs, and traditional ecommerce sites such as eBay, Craigslist, Yahoo Stores and Amazon. The service also supports communication with LinkedIn and Plaxo.

For more information, go to http://www.shopit.com.

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*Subject to approval. Terms and conditions apply. Offer is limited to one (1) $10 sign up bonus per MoneyExchange account that is created by 7/31/08. Current and former MoneyExchange accountholders are not eligible to participate in this offer. This is not an interest bearing account. The Annual Percentage Yield is 0%. Accounts will be credited within 24 hours of opening. MoneyExchange accounts are issued by First Bank & Trust, Brookings, S.D., Member FDIC and part of the Fishback Financial Corporation.


Media Contact:

Shopit
James Revell
(310) 987-7955
james@shopit.com

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