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First Ecom.com Announces NASDAQ Listing

Hamilton,Bermuda - June 2, 2000 - First Ecom.com (NASD OTC BB: FECC or NASDAQ: FECC, BSX: FECC, FECC.BH), a global provider of electronic payment processing systems, today announced that it has received approval from NASDAQ for a National Market System Listing of its common stock.

First Ecom expects its common stock to begin trading on June 6 under an unchanged ticker symbol, "FECC."

"We're delighted to announce our full national market listing," said Gregory Pek, president and CEO of First Ecom.com. "This will bring greater visibility to our stock and allow us to respond to the growing amount of institutional interest we have been receiving."

"First Ecom began operations in February 1999 and to has received full NASDAQ listing only 16 months later is a significant accomplishment," added Pek. "This is an exciting time for First Ecom and I want to thank my management team and all our employees for their extraordinary efforts over the past year."

About First Ecom.com

As a global provider of electronic payment processing, First Ecom.com provides secure, easy-to-implement and low-cost online payment processing services to banks and their merchants worldwide. Through strategic partnerships with banks, ISPs, e-commerce product suppliers, system integrators and storefront solution providers, First Ecom.com will process credit card transactions made over the Internet in multiple currencies, either domestically or offshore in a tax-neutral jurisdiction.