European CEO announces overall Business Leader of the Year 2005

Date: August 24th, 2005

WORLD NEWS MEDIA -- (Wednesday August 24th, 2005) —European CEO Magazine has named Andrea Wilson, CEO of Bermuda-based First Atlantic Commerce (FAC), as Business Leader of the Year 2005.

A prestigious selection panel headed by European CEO Editor, Mr Richard Northedge and World News Media’s Mr Alexander Redcliffe praised all category winners before selecting Mrs Wilson.

The panel chose Mrs Wilson for her outstanding contribution to secure and
safe eCommerce payment processing transactions, which are critical in a
24/7/365 global economy.

According to the panel members, The FAC model engenders confidence to all those involved in the transaction and therefore drives the wider acceptance, confidence and value of eCommerce. “Prevention of online transaction related fraud in a terrorist-fighting world added to Mrs Wilson's kudos as she is a very well known expert on combating and advising on threats to online payment processing,” the panel members state.

Mrs Wilson, who won the Leadership award for IT/eCommerce in January 2005
came through to win from Mr Tony Hayward of BP (Energy Category), Mr Franck
Riboud of Danone (Manufacturing Category), Mr Werner Wenning of Bayer (Pharmaceutical Category), Mr Alfredo Saenz Abad of Banco Santander (Finance Category) and Mr Peter Kruse of DHL Express Europe (Logistics Category).

With corporate headquarters in Bermuda and operating from there, FAC is a
pioneer in ensuring safe and secure eCommerce payment processing. Under the
leadership of Mrs Wilson, it has been shown that the jurisdiction of Bermuda can host a world-class, cutting edge business, which supports companies of all sizes across the globe.

“Indeed the track record of FAC shows that not all of the financial action
takes place in New York or London,” the panel members say. “FAC has shown
that with the appropriate leadership, the true power of the world-wide-web,
and other networks, can be harnessed productively and safely to the benefit
of consumers and their bankers.”

Currency and location costs have been minimized by the ease of use and availability of advanced FAC technology, which can benefit small and medium
sized enterprises as well as multinationals wanting secure eCommerce payment processing. “In addition, FAC has ensured that key personnel are available at all times to ensure the smooth and uninterrupted operation of their clients' transactions,” the panel members add.

Canadian born Mrs. Wilson has become an established authority on the creation and integration of secure, multicurrency eCommerce payment solutions for Internet based Companies.

Through the pages of European CEO, Mrs Wilson has addressed the most important and influential decision makers in these sectors and has become the voice of eCommerce within the European Union. During the eight years since the beginning of FAC, Mrs Wilson has attached the utmost importance to providing the best service possible to FAC's merchants and referral partners, and thus their clients.

“I am honored to have been selected to receive this award and extend my thanks to the panel of judges who have been able to understand the value and uniqueness of the FAC payment solutions and the contribution of our risk management expertise to our eCommerce industry,” says Mrs. Wilson.

“We have spent eight years building a company with vision and commitment to
online payment security and innovation, and we are very pleased to receive
international recognition of our efforts,” adds Mrs. Wilson.

The panel members, who collectively represent 170 years of business journalism, also included Clifford St John, Publisher, Business Destinations Magazine, Helené Scholl, Editor-in-Chief, European CEO Magazine and Adrian Chiappe, a leading business journalist who has written exclusively for many of the world’s foremost business and financial publications.

The panel based their decision to award Mrs Wilson based on the following
criteria:

- The contribution made to the global business process and the integration of markets;
- The individual’s speed of progress to the top of their field;
- Exploitation of location to enhance the effectiveness and development
of the business;
- Quality of product and excellence of support service;
- Potential for growth and market dominance.

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