WEBMEDX, INC. ACQUIRES M-TEC

November 19, 2008

Planet Payment Begins Trading on OTCQX Market as PLPM

Planet Payment, Inc. (LSE:  AIM: PPT and PPTR; OTCQX: PLPM), a leading international multi-currency payment and data processor, announces that effective 9.30 am EST today, November 19, 2008, the Company’s common stock will begin trading in the US on the OTCQX market tier operated by Pink OTC Markets Inc.. Planet Payment’s shares will trade on the OTCQX under the ticker "PLPM". Shares of Planet Payment will continue to be traded on the London Stock Exchange’s AIM market.

The stock price on the OTCQX will be quoted in US dollars, while the price on AIM will continue to be in Pounds Sterling.  The new quotation is intended to enhance Planet Payment’s market exposure and trading visibility and to increase overall liquidity, at initial and continuing costs far less than the expense of a traditional dual listing.  The Pink OTC quotation service is for secondary over-the-counter trading and is not considered a national securities exchange.

The OTCQX listing also allows investors to hold their shares and settle their trades through the US settlement systems, like any other US stock. While all common shares will be listed on the OTCQX, only unrestricted, un-legended shares may be traded through the market.  Accordingly, all PPT shares are tradable, as well as PPTR REGS shares upon removal of the US Securities Act legend. 

Canaccord Adams, Inc. will serve as Planet Payment’s Designated Advisor of Disclosure ("DAD") on the OTCQX, providing guidance on the Company's OTCQX compliance requirements.  Canaccord Adams will also act as a market maker in the Company’s stock.

Commenting on trading through OTCQX, Philip Beck, Planet Payment’s Chairman and CEO, said:

“Planet Payment’s quotation on the OTCQX tier of the US OTC market represents an exciting and positive step for the Company. The new quotation is intended to allow much easier trading and settlement of our shares for US and other investors, many of whom recognise the potential of our innovative technologies and want to be part of the Planet Payment growth story.”

Investors can find real-time quotes, disclosure and financial information about Planet Payment at www.otcqx.com and at www.planetpayment.com.  In compliance with the OTCQX rules, Planet Payment will be issuing quarterly reports.  The first report is for the third quarter of 2008, the period ended September 30, 2008, which was released on November 17, 2008.

Instructions for transferring shares from the UK CREST settlement system, or from physical certificates, to a US brokerage account held through the Depository Trust Company (DTC) can be found at www.planetpayment.com/Investor-Relations/FAQ-OTCQX.aspx.  In addition, the Company sent a letter to shareholders, together with a set of frequently asked questions, regarding the listing and the UK to US transfer process and copies of the same can also be found on the Company’s website. 

Enquiries:

Planet Payment, Inc.
Philip Beck (Chairman and CEO) - www.planetpayment.com
Graham Arad (SVP and General Counsel)  - investors@planetpayment.com
   
Redleaf Communications (UK PR for Planet Payment)
Emma Kane / Samantha Robbins / Rebecca Sanders-Hewett / Henry Columbine   
Tel: +44 20 7822 0200
planet@redleafpr.com

ICR, Inc. (US PR for Planet Payment)
Brian Prenoveau, CFA / Ashley Ammon   
Tel: + 1 203 682 8200
   
Canaccord Adams, Inc. (US) (DAD for Planet Payment)
Andy Viles   
Tel: +1 617-371-3900
   
Canaccord Adams Ltd (UK) (Nomad for Planet Payment)
Mark Williams   
Tel: +44 20 7050 6500

About Planet Payment

Planet Payment’s Common shares trade in the UK on AIM under the symbols PPT for unrestricted Common shares and PPTR for Reg S Common shares and in the USA on the OTCQX under the symbol PLPM.
 
Planet Payment enables processors, acquiring banks and their merchants to accept process and reconcile credit card transactions in multiple currencies, allowing cardholders to view prices and settle transactions in their native currency. The Pay in Your Currency™ service is Planet Payment’s suite of multi-currency processing solutions, which includes a multi-currency pricing e-commerce service and a Dynamic Currency Conversion service. Planet Payment’s BuyVoice™, a mobile payment and commerce solution, allows merchants to accept payments and sell product to customers using any mobile or landline phone. With the acquisition of the iPAY™ business, Planet Payment also offers comprehensive Internet processing solutions for credit card and electronic check payments.
 
Planet Payment is headquartered in New York and has offices in Atlanta, Beijing, Bermuda, New Castle Delaware, London, Hong Kong, Shanghai and Singapore.

About Canaccord Adams

Canaccord Adams is a leading independent financial services firm committed to fostering the entrepreneurial economy by bringing corporate and institutional clients a unique perspective on global investment opportunities. With operations in research, sales and trading, and investment banking, the firm’s 225 professionals seek out emerging opportunities in its key sectors — Mining and Metals, Energy, Technology, Life Sciences, Consumer, Real Estate, Sustainability and Industrial Growth. Located in ten offices internationally, Canaccord Adams’ experienced team generates focused, actionable ideas that identify opportunity and facilitate growth. Canaccord Adams, the international capital markets division of Canaccord Capital Inc., has operations in Toronto, London, Boston, Vancouver, New York, Calgary, Montreal, San Francisco, and Houston.

More information is available at www.canaccordadams.com.

Canaccord Adams Inc., Member FINRA/SIPC.
Canaccord Adams Limited is regulated and authorized by the Financial Services Authority and is a member of the LSE.
Canaccord Adams is a division of Canaccord Capital Corporation, Member IIROC/CIPF.

About OTCQX:

OTCQX is a new premium listing service for issuers of securities that are traded over-the-counter (OTC). The OTCQX trading, quotation and disclosure platform, comprised of the PremierQXSM and PrimeQXSM tiers, is designed to distinguish public companies meeting certain enhanced disclosure and other criteria from the nearly tens of thousands of securities traded OTC. Additional information is available on www.otcqx.com.
 
Pink OTC Markets, Inc. is an electronic inter-dealer quotation system, trading technology and financial information provider for the over-the-counter (OTC) securities markets. Its centralized information network includes services designed to benefit market makers, issuers, brokers and OTC investors. Pink Sheets information enhances the efficiency of OTC trading and provides better executions for OTC investors. For more information visit the Pink Sheets website at www.pinksheets.com. 

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