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MIami , FL - Friday, August 31, 2007

BLACKSTONE UNVEILS NEW CORPORATE STRUCTURE

BLACKSTONE UNVEILS NEW CORPORATE STRUCTURE
Carlos Rodriguez promoted to President, Janet Sancho to Senior Vice President,
Joaquin Fernandez named as Chief Financial Officer and Michael Acton was appointed as Chief Operating Officer

MIAMI, FL –August 31, 2007---Blackstone Calling Cards is proud to announce its new corporate structure its business operations. Two senior staff members Carlos Rodriguez and Janet Sancho were promoted. Additionally, Joaquin Fernandez was names Chief Financial Officer. Blackstone is pleased to welcome back Michael Acton as Chief Operating Officer.

“Blackstone is please to announce the promotions of these staff members. Through the years they have demonstrated their commitment in guaranteeing the continued success of Blackstone,” said Luis Arias, Chief Executive Officer, Blackstone Calling Cards, Inc

Carlos Rodriguez was named President of Blackstone. Prior to becoming President, Mr. Rodriguez served as Vice President focusing on business development and corporate operations. As President, Rodriguez will direct overall corporate strategy and continue to position Blackstone as the leader of the prepaid industry.

Janet Sancho was promoted to Senior Vice President. Since 2003, Mrs. Sancho operated as Vice President. Among her responsibilities, she will oversee business development, corporate sales, merchant services and carrier relations.

Joaquin Fernandez was also named Chief Financial Officer. Fernandez will develop and manage Blackstone’s short and long-range financial plans to establish company-wide objectives, policies, programs and procedures to insure Blackstone’s financial structure.

In addition, Blackstone would like to welcome back Michael Acton as its new Chief Operating Officer. In this newly developed position, Mr. Acton will be responsible for the day-to-day operations of the company. He will ensure that Blackstone’s short and long-term goals are met.

About Blackstone
Established in 1995, Blackstone has successfully managed to bring a complete end-to-end prepaid program to all retailers regardless of their size, through various electronic Point-of-Sale solutions and physical distribution. Blackstone's product line portfolio includes an assortment of brand-name phone cards, wireless recharge cards, mobile content products, prepaid handsets, bill payment processing, credit & debit card merchant services processing, gift cards/store value card reloads, web services and international hosting solutions. For more information, please visit our website at www.blackstoneonline.com or contact us at
1-800-639-9590.

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