BioPay Receives BiometriTech^TM Magazine's Product of the Year Award for 2004

BioPay Payments Honored for Outstanding Innovation

Herndon, VA — July 18, 2005

BioPay, LLC, the leader in biometric transaction processing, announced today that Technology Marketing Corporation (TMC®)'s BiometriTech magazine online has named their BioPay payments product as a recipient of a 2004 Product of the Year Award.

"BioPay seeks to create the convenience of a wallet-less world. Our payments product brings enhanced convenience and security to the consumer by allowing them to pay with their finger. Biometrics will be the winner over other forms of contactless payments because of increased security (fobs and cards are not secure and can be used by unauthorized people) and convenience," said Tim Robinson, President of BioPay. "We are proud to receive BiometriTech's Product of the Year Award recognition for the second year in a row." (BioPay's Paycheck Secure product was awarded Product of the Year for 2003.)

BioPay payments uses a person's unique finger image and their chosen BioPay number (typically something easy to remember like their phone number) to authorize a debit from their checking account. Enrollment can be completed at any merchant that offers the biometric payment service. The entire process takes less than 2 minutes and is free to the consumer. Once enrolled, the customer can pay with their finger at any other BioPay payments location across the United States.

"Each year BiometriTech magazine bestows its Product of the Year awards on companies that have demonstrated excellence in technological advancement and application refinements in the biometrics industry. BioPay has demonstrated to the editors of BiometriTech that its products or services have gone the extra mile to create a truly innovative product," said Rich Tehrani, President and Group Publisher of BiometriTech.

The Product of the Year Award winners for 2004 will be published in the May 2005 issue of BiometriTech magazine online.

About TMC

Technology Marketing Corporation (TMC) publishes two print magazines: Customer Interaction Solutions, and Internet Telephony; five digital publications, SIP Magazine, Speech-World, WiFI Telephony Magazine, VoIP Developer, WiMAX Magazine; and the online publications TMCnet.com, Planet PDA Magazine, WiFi Revolution, Alternative Power and BiometriTech. TMC is also the first publisher to test new products in its own on-site laboratories, TMC Labs. TMC also produces The VoIP Developer Conference, Speech-World Conference, IP Contact Center Summit and The Global Call Center Outsourcing Summit. TMCnet.com publishes more than 25 topical online newsletters. For more information about TMC, visit its Web site at www.tmcnet.com.