Jan 20, 2008 - <strong>Alexandria, Virginia</strong> – RideCharge, the leading provider of ground travel booking, cashless payment, and expense management, has received $4 million in Series A financing from corporate, institutional and private investors. The investment will be used to expand development, channel and direct sales, and support for the rapidly expanding number of corporations and individual travelers who use RideCharge for ground travel booking, payment and expense documentation. "We have defined our business model and have a clear road for execution ahead of us," said Sanders Partee, President of RideCharge, "the response from initial customers has been extremely positive and we are looking forward to rapid expansion."<br /><strong>About RideCharge</strong><br />RideCharge offers the first Direct Connect Taxi booking and expense management engine at <a href="http://www.ridecharge.com/">http://www.ridecharge.com/</a>. With innovative use of web and mobile phone technology, RideCharge delivers a new level of convenience to business travelers. RideCharge allows travel managers to control ground transportation costs by providing electronic booking, payment, and expense management for taxi, sedan, limo and shuttle services. RideCharge gets rid of paper receipts, allows travelers to find reliable service in unfamiliar cities, and helps streamline ground transportation costs. When using RideCharge as a traveler, you’ll experience a new level of convenience. You can book reliable vehicles that are tracked electronically to deliver patent pending ‘where’s my car’ messages directly to your mobile phone, in real time. When your car is 10 minutes away, you’ll know. When it’s outside, you know. Stuck in a meeting, but need to book a car? No problem: RideCharge lets you book rides on your mobile phone. The trips are automatically inserted into your itinerary and the resulting charge is automatically captured and added to your expense report. You even pay for your rides with your mobile phone by electronically sending charges to your corporate card, so you don’t have to carry cash and never have to track paper receipts again. You book, charge, and expense—all with no paper and no hassle. More information about RideCharge is available at <a href="http://www.ridecharge.com/">http://www.ridecharge.com/</a>. To speak with a RideCharge representative <a href="mailto:info@ridecharge.com">click here </a>to Email.<br />RideCharge Press Contact: Toby Russell, 703-579-6917<br />RideCharge Investor Relations: E. Sanders Partee, 703-549-2050