Business 3.0, the first and only business administrator on social networks, partners up with NXGEN Payment Services to allow any business to sell directly on social networks without making the consumer leave their network to buy. Business 3.0 has one portal connecting 240 million global network users, and has tools and widgets for businesses to use.

Portland, OR (EMWNews) August 4, 2008 — Business 3.0 (www.businessthree0.com), the first and only business profile administrator on social networks, has announced a partnered relationship with NXGEN Payment Services, a leading international merchant service provider. NXGEN Payment Services will provide an offering of credit card processing, electronic gift cards, merchant cash advances, electronic check processing and ATM services for over 240 million global social network users.

“NXGEN is excited to be working with Business 3.0,” said Bill Ryken, Vice President of Global Sales for NXGEN Payment Services. Ryken went on to say, “Business 3.0 with their combined social network commerce platform and NXGEN with its veteran sales force are two of the more respected providers in each of their industries. Both companies are embracing this partnership as we promote mutual growth, brand recognition, and personalized merchant support and services.”

“Our mission at Business 3.0 is to utilize state-of-the-art advertising to provide businesses with the opportunity to expand their customer base instantly through the relationships that social networks provide. Our goal is to restore relationships lost in the Internet 1.0 era by creating a fully functioning business network that works seamlessly on social networks to connect consumers and businesses with personal, yet also private, relationships. We feel that NXGEN Payment Services has the commitment to providing best-in-class service, pricing and the highest level of card holder security that is critical to building customer relationships,” said Michael Zeuthen, CEO of Business 3.0.

“It is our belief that revolutionary advances in the social sphere combined with proactive customer service represent the most effective model an online social network can offer in a daily effort to help merchants grow their business. These factors are the fundamental reasons why Business 3.0 decided to team up with NXGEN. Together, we can take merchant account businesses to a higher level, one that has never been thought before,” said Zeuthen.

About NXGEN

NXGEN is a multi-national provider of credit card and other payment processing in the United States and Canada and abides by the core principles of Integrity, Service and Value. NXGEN is a registered MSP with CynergyData through Bank of America, and one of the top MSPs for Elavon, formerly NOVA Information Systems, through US Bank.

NXGEN has been awarded MasterCard’s highest level of RAMP Compliance rating for their Fraud Prevention and Risk Management policies, and VISA certified NXGEN as one of only a few companies able to participate in their Tax Payment Pilot program. For more information, please contact NXGEN Payment Services at: 1-866-863-9977 E-mail: [email protected], Internet: www.nxgen.com, www.nxgencanada.com

About Business 3.0

Business 3.0 allows businesses to have profiles within social networks including business info, contact info, business news, employee and business connections, and an organized product and service listing, enabling networks users to purchase products directly on their social network. Business 3.0 also has tools and widgets that allow businesses to have b2c, b2b, and c2c conversations, and commerce capabilities on any individual business application.

Business 3.0 offers two integrated payment solutions- NXGEN and PayPal- with NXGEN providing the more cost-effective option of the two.

The web application will also extend the payment solution to every social network developer, thus allowing businesses to link to their own shopping cart.

Utilizing one central portal, www.businessthree0.com, a business can edit their profile and be linked to all social networks instantly and simultaneously.

Business 3.0 also has a social shopping center called b3buy. b3buy is filled with products from over 1,200 online merchants. Network users are able to tag items for friends to view, add to their most wanted list, and get gift ideas for their friends.

Business 3.0 created a virtual exhibit hall which will be edited from the portal. This virtual exhibit hall allows businesses to add video, podcasts, images, surveys, live chat with business representatives, news, and a blog system. Now businesses can keep customers up-to-date with new products and other business news, socially and quickly.

Business 3.0 offers business owners, suppliers and employees a unique proposition to maximize their presence and revenue growth throughout the social web. Their portfolio of applications and tools includes:

– Virtual business profiles

– An integrated shopping function matching users’ affinities to products

– Virtual Exhibit Hall by market segment, enabling business to have a presence and conduct sales 24/7

– The Business 3.0 University; an online accredited educational portal providing specific courses on how to maximize use of the social web

– Business 3.0 Broadcast Station; a virtual broadcast station of businesses creating a virtual TV News Network

– A fully integrated e-commerce engine enabling businesses to sell products and services virally through social networks

Jay Deragon, Chief Strategist of ‘Link to Your World,’ says, “Business 3.0 has done a superb job at defining the core applications any business will need to successfully engage within the social web and make money with their efforts. No other application exists today that matches the robust nature and end-to-end value that Business 3.0 does. Combine their portfolio with their current reach of over 240 million users globally, and you have a winning proposition matched by no one within this space.”

For more information on Business 3.0, contact Michael Zeuthen at

mgzbusiness @ gmail.com or visit www.businessthree0.com.