Integrated Data Corp., a Delaware corporation in a Form 8-K filing Monday,
December 16, 2002, with the U.S. Securities and Exchange Commission, made
known its purchase as of that date with immediate effect of 17,949,000
freely tradable shares of DataWave Systems, Inc., a Yukon Canada company,
which trades on the TSX Venture Exchange with the Symbol DTV and on the
Nasdaq OTCBB with the Symbol DWVSF. DataWave’s shares are currently trading
at a mid-price of US$0.12 per share. The shares acquired by IDC constitute
a controlling interest of 40.905% of the outstanding shares of DataWave.
The consideration paid to the six selling shareholders (consisting of
various individuals and companies, who acquired the shares in a
distribution that same day from Cash Card Communications Corp., Ltd, a
privately held Bermuda company) was $1,794,900, satisfied by the issuance
to the selling shareholders of an aggregate 1,794,900 shares of IDC’s newly
issued common stock that is subject to the restrictions on trading imposed
by Rule 144 under the Securities Act of 1933. IDC expects that the newly
issued shares will be registered for trading in the near future. Shares if
IDC (as of the close of business on December 17, 2002), are currently
trading at a mid-price of approximately $4.15 per share on the OTCBB.
IDC is considering the acquisitions of further shares of DataWave in the
near future and will announce upon the occurrence of such event.