January 24, 2006

Shift4 Completes Record-Breaking Conversion of Choice Properties

Las Vegas, NV, January 24, 2006 – In nine months, the Shift4 Corporation and worldwide lodging franchisor Choice Hotels International, Inc. (NYSE:CHH) have seamlessly converted over 3,100 properties to Shift4’s DOLLARS ON THE NET® gateway solution. This is the largest conversion in the shortest amount of time ever for the industry and Shift4 is proud to make it happen with Choice Hotels International, Inc.

In the past, implementing a gateway for multiple properties was very costly and cumbersome. However, with Shift4’s devoted installations team, direct processing connections, low costs and excellent customer service, the integration of DOLLARS ON THE NET for Choice Hotels brand properties was a seamless and painless process.

“Unlike challenging conversions of the past, the ease of this conversion with Shift4 was remarkable. The pressure on the Choice team was minimal,” says Christopher Yellen, vice president, property systems, Choice Hotels. “Furthermore, the power of DOLLARS ON THE NET has already bolstered our franchise brands and profitability, which is why we’re working to convert all of our remaining properties to DOLLARS ON THE NET, especially those still utilizing a terminal environment.”

DOLLARS ON THE NET allows hotel employees at Choice’s Clarion, Quality, Comfort Suites, Comfort Inn, Sleep Inn, MainStay Suites, Econo Lodge, and Rodeway Inn brand hotels to quickly, accurately and securely process credit card transactions from their property management systems through any processor they select. In addition, DOLLARS ON THE NET provides the management at these properties advanced auditing capabilities, robust reporting and fraud controls. Franchisees with multiple properties or properties with multiple profit centers (restaurants, gift shops, etc.) can centrally report and manage transactions for the complete enterprise right from a web-browser.

“The relationship between Choice Hotels and Shift4 is outstanding,” stated J. David Oder, president & CEO, Shift4 Corporation. “The terrific teamwork during this record-breaking conversion is a testament to the dedication and commitment to technology and security of both organizations. We look forward to completing the next phase and strengthening our partnership with Choice Hotels.” The final phase of this implementation process is scheduled for spring 2006.

About Shift4 Corporation

Shift4, a leading developer of financial transaction processing software and services, provides web-based, real-time enterprise payment solutions for leaders in the hospitality, retail, foodservices and e-commerce markets. Through connectivity to most major processors, DOLLARS ON THE NET provides both high speed and low cost authorizations and settlements for credit, debit, check, private label and gift card transactions. DOLLARS ON THE NET also includes the ability to access, review and edit transactions prior to settlement, as well as a searchable, 24-month archive of transactions for reporting and charge back defense. For more information contact Shift4 at (702) 597-2480 or visit Shift4 online at www.shift4.com.

About Choice Hotels International

Choice Hotels International is one of the world’s largest lodging franchisors, marketing more than 5,000 hotels open or under development in more than 40 countries under the Cambria Suites, Clarion, Quality, Comfort Suites, Comfort Inn, Sleep Inn, MainStay Suites, Suburban Extended Stay Hotel, Econo Lodge and Rodeway Inn brand names. For more information on Choice, visit the company’s web site at www.choicehotels.com.

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