cMoney, Inc. Updates Shareholders on S-1 Filing

cMoney, Inc. (Pink Sheets:CMEY), a leading technology company at the forefront of the international mobile phone-based payment and money transfer service, announced today the necessary process that will lead to the completion of all prerequisite information for their public filing. "We are taking incredible strides at cMoney in preparing for our upcoming S-1 filing, which will have the Company trading on a more prestigious and transparent platform," stated Paul Matthews, CEO of cMoney, Inc. "After receiving many questions from our interested shareholders regarding our upcoming registration, we decided to take the initiative and provide a status report in-line with our totally transparency."

cMoney continues with late-stage negotiations with funding partners and various investors to continue financing Company operations and the associated costs with the S-1 filing. Following a successful filing and SEC approval, cMoney will access the previously announced equity financing agreements totaling $115 Million based on previously disclosed provisions being met.

"Our next steps include taking the last 8 quarters of unaudited financials as lodged with the OTC Markets and adding financial notes, which is estimated to take a month," continued Matthews. "These 'noted' financials are then sent to our auditors to complete their financial audit. They will then deliver the documentation to our Company's counsel, who will then prepare the legal submission of the S-1 and submit to the SEC. Next comes specific rounds of questions from the SEC, which are answered by our counsel and returned back to the SEC for final approval," concluded Matthews.

"Although it has been reported that the SEC and financial regulators are backed up with an excess of reviews, we have experienced a rather quick turnaround on filings, approximately 10-12 weeks from submission till approval," stated Jeffrey Staller, President of Heritage Corporate Services, Inc. "We're very confident that as soon as the first round of funding is received by cMoney, the Company will be on track to complete the approval process in this timeframe. We urge shareholders to continue following upcoming Company announcements and prepare for a successful 2012 for cMoney."

About cMoney, Inc.

cMoney provides innovative secure mobile payment solutions for mobile phone users, retailers and financial institutions globally. The Company has developed an innovative way to send and receive money, pay for goods and services during a POS or online transaction, conduct transactions on their customized ATMs, and provide an online banking atmosphere utilizing patented mobile phone and text messaging technology. Scheduled to debut in 2012, the pioneering technology will create a "virtual wallet" which will eliminate exposure to identity and credit card theft for users. It can be used anywhere that cash, checks, debit or credit cards are accepted.

Safe Harbor Statement

Except for historic information contained in this release, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results in the future to differ materially from forecasted results. These risks and uncertainties include, among other things, the company's ability to attract qualified management, raise sufficient capital to execute its business plan, and effectively compete against similar companies.

CONTACT: cMoney, Inc. 
         Paul Matthews, CEO 
         [phone] ext. 105
         [e-mail]

         Or

         Heritage Corporate Services, Inc.
         Jeffrey Staller, President
         [phone]
         [e-mail]