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ORCA Platform Announces Industry Leading Board of Advisors

Tue Aug 4, 2009 10:44am EDT

John Frankel, ff Asset Management founder Joins Seven Industry Heavyweights to
Form ORCA Board of Advisors

NEW YORK–(Business Wire)–
oneTXT creators of ORCA, (Optimized Real-Time Currency Application) the world`s
first social-commerce (S-Commerce) transaction processing system with an open
API architecture designed for social media communities, today announced the
members of its Board of Advisors.

In a related announcement this week, the company premieres the world`s only open
software platform enabling interactive companies of all kinds to develop their
own look, feel and functionality for digital transactions, virtual currency
purchases, and loyalty programs.

“Payments in social media and other interactive media have become a big topic in
2009. We are in the right place at the right time with the world`s first and
only open-API, open-source, software platform,” commented Roger Wood, CEO. “Our
well-rounded set of advisors will help our wide audience of customers understand
the potential of the ORCA platform to transform digital payments.”

The Board of Advisors will consist of eight members who will advise the company
on a range of matters vital to its continued leadership in the industry. The
following seven individuals will be joined shortly by a senior executive from
the social media space:

John Frankel, ff Asset Management – Advisor for Strategy

An alumnus of Goldman Sachs, Mr. Frankel will act as lead advisor on business
development strategy. His firm ff Asset Management invests in low cost
disruptive players in their respective industry sectors. His portfolio includes
Alerts.com, Cornerstone OnDeamand, Patents.com Phone.com, and TheaterMania.

Neil Cohen, President and CEO, Cohen & Company – Advisor for Advertising and
MarketingAgencies

A marketing and advertising veteran, Mr. Cohen will provide guidance on
adverting and marketing services agencies interested in using the ORCA platform
for their clients . Mr. Cohen previously served as VP Marketing for Sega.

Geoff Judge, iNovia Capital – Advisor for Digital Marketing

With a rare combination of marketing and payments industry experience, Mr. Judge
will provide guidance on the positioning of the loyalty, rewards and virtual
currency attributes of the platform. In addition to his extensive experience in
digital media, he is currently an angel investor over 13 companies. Mr. Judge
was longtime senior executive at American Express, and a co-founder of 24/7 Real
Media, which was acquired by WPP in 2007.

Steven Rockefeller, Re-Echo Holdings – Advisor for Finance

Mr. Rockefeller`s experience with microcredit as a pivotal figure in the
creation of Deutsche Bank Microcredit Development Fund will inform his counsel
on how ORCA can apply its open API architecture to address new micro-transaction
applications.

Andrew Rees, LEK Consulting – Advisor for Electronic Retail

Mr. Rees varied experience in retail business model will be central as the ORCA
platform adjusts to evolving retail aspects of social media. For almost 20
years, he has worked for and advised some of the world`s highest profile
retailers through the twists and turns of the marketplace.

David Hirsch, Metamorphic Ventures – Advisor for Web & Interactive Media

An alumnus of the original Google ad sales team, Mr. Hirsch will focus on how
the ORCA platform might be applied to help a wide range of interactive media
companies create new revenue streams from transactions. While at Google and
previously Snowball.com, he was known for his innovation and insight on new
business models.

Boris Fridman, Crisp Wireless – Advisor for Mobile Media

As a mobile industry veteran, Fridman lends his expertise in mobile web, mobile
advertising, and messaging to major media companies and technology vendors.

About ORCA

The ORCA platform is a free and open source payments processing alternative
managed by OneTXT, Inc. (http://OrcaOne.com) ORCA (Optimized Real-Time Currency
Application) provides payments processing for social networks, online games,
participation TV shows, and other social media. The platform enables social
media and entertainment companies to accept payments, create loyalty programs,
and send marketing messages without a third party owning the transaction,
information or the relationship. OneTXT is based in New York City, with
additional offices in San Francisco.

For oneTXT
Talia Andrews, 212-651-4212
talia.andrews@fusionpr.com

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