Unique Payment System to Enable Teen and Tween Players to Purchase Premium
Memberships and gPotato Virtual Currency Without the Need for a Credit Card
SAN DIEGO--(Business Wire)--
Socialwise, Inc. (OTCBB:SCLW) and Gala-Net, Inc. today announced that the
BillMyParents payment system will be offered as a payment option on the gPotato
gaming portal. By adding gPotato`s six online game titles and nearly five
million registered users to existing BillMyParents online gaming partners,
Socialwise will soon have the ability to provide payment services to more than
20 million registered gamers.

Through the gPotato partnership, teens and tweens will be able to use
BillMyParents to purchase accessories and virtual currency for game play
upgrades within gPotato`s virtual world. Once a player has made his selections,
BillMyParents sends a notification to a parent or other adult guardian via email
or mobile text. Parents can approve or deny each request individually or as a
group, and communicate directly with the child through the BillMyParents chat
option. To complete the transaction, the parent simply enters his or her credit
card information. The entire BillMyParents process can be completed within
minutes, and prevents the child from gaining access to sensitive credit card
information or other personal details.

"As we integrate new partners over the next few months, we will gain exposure to
a rapidly growing number of gamers currently totaling roughly 20 million
registered users," noted Jim Collas, CEO of Socialwise, "and we believe online
gaming represents a significant opportunity to expose BillMyParents to our
target teen and tween demographics."

BillMyParents

BillMyParents is the innovative new youth payment system that lets teens and
tweens shop online without a credit card, while giving parents the ability to
easily track and control their teen`s spending. With a simple email request and
approval system, BillMyParents provides the independence young people crave and
the control over spending that parents want - while ensuring that credit card
numbers and personal information are kept safe and secure. BillMyParents is
currently available as a payment system in select online retail environments, in
addition to social network, virtual world and online gaming Web sites. Partners
in the gaming world include Artix Entertainment, Habbo, and Outspark.
BillMyParents is a division of Socialwise, Inc. For more information:
www.billmyparents.com.

Gala-Net

Founded in 2004, Gala-Net, Inc. together with its European subsidiary, Gala
Networks Europe, Gala-Net is a leader in the thriving free-to-play online games
in the western market. Headquartered in Sunnyvale, Calif., Gala-Net's diverse
service portfolio includes Flyff, Rappelz, Tales Runner, Luna, Aika, and Allods.
Through the games portal (http://www.gpotato.com) gamers can play any of
Gala-Net's games for free, as well as buy in-game currency and virtual items for
any of its games.

About Socialwise, Inc.

Socialwise, Inc. (OTCBB:SCLW) is headquartered in San Diego, CA. For more
information: www.socialwise.com.

Certain statements contained in this press release are "forward-looking
statements" within the meaning of federal securities laws, including, without
limitation, anything relating or referring to future financial results and
planned business activities. Such statements are inherently subject to risks and
uncertainties, which include, without limitation, those in Company reports filed
with the SEC. The Company can give no assurance that such expectations will
prove correct. Future events and actual results could differ materially from
those statements.


Copyright Business Wire 2009