PANDA-CARDS

Drexler Technology
Corporation has received an order for 20,000 LaserCard
optical
memory cards for use in the child healthcare “PandaCard” program in the
People’s Republic of China.

Drexler’s Chinese value-added reseller placed the order and informed the
Company that the LaserCard-based China child-healthcare service PandaCard has
been approved by the China Advisory Center for Child Health and Disease
Control.

The China Advisory Center had overseen an earlier pilot project of the child
healthcare card, which had been conducted for more than two years in Beijing.
The project has issued Drexler’s optical memory cards to the parents of some
two thousand young children for the storage and update of the children’s
clinical records. The approval by the Advisory Center reflects the favorable
evaluation of the pilot project by both the pediatricians and parents.
Shipment of the 20,000 PandaCards is scheduled to begin this quarter.
The Chinese VAR company said it hopes to expand the PandaCard program beyond
the initial 20,000 cards based upon its estimate of 3,000 urban child-health
clinics and 13 million newborns per year in urban areas.

According to the Chinese VAR company, the increasing affluence of urban
Chinese
and the government limitation on family size have encouraged Chinese
parents to
think in terms of investing more in their child’s health. The VAR company also
indicated that families will pay an all-inclusive fee that will cover
pediatric
health and developmental examinations for the first three years of life.
Included in the fee is the PandaCard, which will accumulate test- and checkup
data and be transportable from one clinic to another. The VAR also stated that
an important aspect of Child Health and Disease Control will be the collection
(from the card) of anonymous data that will be analyzed statistically by the
Advisory Center so that trends can be monitored and treatment and prevention
strategies can be adapted to emerging needs.

Drexler Technology Corporation
(http://www.lasercard.com)
develops and manufactures LaserCard(R) optical memory cards and chip-ready
Smart/Optical(TM) cards — a combination of optical memory card and smart
card.
Drexler Technology and its wholly owned subsidiary, LaserCard Systems
Corporation, are based in Mountain View, where Drexler manufactures optical
memory cards and LaserCard Systems manufactures optical card read/write
drives,
develops optical card system software, and markets card-related data systems
and peripherals.

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ICMA Signs Five

The International Card Manufacturers Association (ICMA), a global non-profit association for card manufacturers, personalizers and service providers, recently announced the addition of five new members. These new members include two associate members, one principal member, one branch principal member and one manufacturing representative.

Associate Members Ilapak, Newtown, PA, USA Ontario Die Company Ltd., Waterloo, Ontario, Canada Principal Member Jing King Technology Holdings Ltd., Kwun Tong, Hong Kong Branch Principal Member DZ Card (Malaysia) SDN BHD, Kuala Lumpur, Malaysia Manufacturers Representative Member Kilopass Data Canada, Inc., Vancouver, BC, Canada

“I am pleased with the addition of the new members,” said Jeffrey E. Barnhart, ICMA executive director. “ICMA’s continuous growth not only strengthens the association, but also provides a stronger forum for our members to network and establish resources while continuing to educate themselves with the plastic card manufacturing industry.”

For information on becoming a member of ICMA, contact Lynn McCullough at (609) 799-4900; e-mail lmccullough@icma.com or visit the ICMA web site at .

About ICMA

Based in Princeton Junction, NJ, ICMA is a non-profit association of plastic card manufacturers, personalizers and related industry participants. With more than 220 members globally, the ICMA acts as a clearinghouse for industry issues, including the production, technology, application, security and environmental issues of plastic cards.

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Government MasterCard

Bank of Montreal’s Card Services division has been awarded a four-year contract to supply its ‘MasterCard Acquisition Card’ program to more than 100 federal government departments and agencies in Canada. Beginning in January, BMO ePurchasing Solutions will provide Government of Canada-branded ‘MasterCard Acquisition Cards’ to 28,000 government employees to pay for government purchases made online and offline. Current annual MasterCard volumes total more than $400 million and account for almost 90% of credit card use within the Canadian federal government.

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United VISA Signature

United Airlines, VISA and First USA are introducing a ‘VISA Signature’ version of the ‘Mileage Plus VISA’ card next week. Cardholders will now have access to free 24-hour concierge service and no pre-set spending limits. The card will be issued to existing cardholders with no change to annual fee or annual interest rate. First USA also announced a new promotion to give away one million ‘United Mileage Plus’ miles every week this holiday season. The “mile-ionaire” program will kick-off tonight with the ‘United Mileage Plus VISA Card Night’ at the Chicago Bulls game at the United Center. Eight lucky fans will be randomly selected to take center court at halftime and compete in a basketball rendition of musical chairs for a chance to win one million ‘United Mileage Plus’ miles. Starting tomorrow, through Jan 31st, each time cardholders use their United card they will automatically be entered to win one million miles. Nine additional winners will become “mile-ionaires. The corporate trio is sponsoring advertisements in the Chicago market as well as nationally, with radio, television, outdoor and print to support and promote the campaign. The ads feature lifestyle purchase situations in which people earn miles for every day spending, with the tag line “More Miles”. The ‘United Airlines Mileage Plus VISA’ card is the second largest carrier-based co-branded program in the USA, according the CardData ([www.carddata.com][1]).

[1]: http://www.carddata.com

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New Printer & Cleaner

Zebra Technologies introduced the ‘Eltron P720 Dual Sided Color Card Printer’ and announced a patent for a card cleaning system. The ‘P720’ produces full-color dual-sided laminated plastic cards in as little as 30 seconds per card and incorporates a field-proven print engine with 300-dpi print resolution. List price of the basic model is $9,995. Zebra also received a U.S. patent for a card cleaning system used in the company’s Eltron-brand plastic card printers. The patented design incorporates a disposable, adhesive roller within an easily removable cartridge frame.

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VENDTEK DEBIT

VendTek Systems Inc. announces
that it has introduced debit card acceptance onto its ‘Now Prepay e-Fresh’
terminals currently under trial with a national cellular company in Vancouver,
British Columbia.

“The trial has proved tremendously successful to-date, demonstrating
excellent consumer acceptance and the commercial viability of the system,”
says VendTek President Paul Brock. “The trial has now been extended to allow
for evaluation of the new debit card acceptance technology, and to study,
together with that of the new coin acceptance feature, its impact on consumer
purchase patterns of prepaid wireless pins at the retail location.”

The debit card acceptance system adds to the existing acceptance of
credit card and paper currency. As part of the enhancements the company has
also implemented coin acceptance for evaluation of exact cash payment
protocols. The debit card system includes a secure encrypted PIN entry device
and uses VendTek’s e-Fresh(TM) Server platform for processing the debit card
transactions in real-time in co-operation with a major Canadian chartered
bank. The debit card processing data is also encrypted along with all other
transaction data using VendTek’s proprietary encryption protocols and
transmitted wirelessly to the central server.

The Company also announces that for the time being, it will build its
“Now Prepay” brand through its existing operating subsidiary, VendTek
Industries Inc. Accordingly, Mr. Robert Cruickshank, who was previously
announced as Chairman of Now Prepay Corp., and as a Director of VendTek
Systems Inc., will instead act solely in the capacity of Advisory Board
Chairman to the Company.

About VendTek

VendTek uses its expertise in payment and self-serve technologies, smart
cards and networking to develop systems for transaction automation. VendTek’s
secure proprietary systems reduce shrinkage, improve access for consumers,
increase the number of selling outlets and selling hours, and enhance overall
security making the systems superior to traditional distribution and
alternative channels. VendTek’s e-Fresh(TM) System enables consumers to
purchase prepaid services, such as cellular time, via POS and self-serve
terminals connected to a central server. VendTek through its new subsidiary,
Now Prepay Corp., and in conjunction with various strategic partners is also
building its own electronic, prepaid services network in North America,
utilizing e-Fresh technology.

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Air Cafe Gift Card

Gift Check Solutions Tuesday announced it has been selected by Doolittles Air Cafe to provide electronic gift cards for the company’s five nostalgic cafes that depict the essence of aviation.

As part of the agreement, Gift Check Solutions will manage the gift card fulfillment, processing, security and site maintenance for Doolittles Air Cafe.

The electronic gift cards are customized to meet the look and feel of the cafe including the company’s logo and aviation theme, U.S.A.F. (Unmatched Service and Food).

Customers may purchase the electronic gift cards on Doolittles Air Cafe Web site at or on Gift Check Solutions’ Web site at [http://www.giftchecksolutions.com][1]. “Several other restaurants, including Famous Dave’s (Nasdaq: DAVE), highly recommended Gift Check Solutions for its strong support and the convenience and usability of its gift card program,” said Melanie Brudos, director of business development for Doolittles Air Cafe.

“The electronic gift cards are convenient and durable for our customers and Gift Check Solutions’ program makes it easy to track sales for our company.” Gift Check Solutions’ electronic gift card program utilizes magnetic swipe card technology, allowing all gift card transactions to be processed in real-time through a highly secure network. Gift Check Solutions’ electronic gift cards are designed to utilize compatible location-established point-of-sale (POS) equipment or a Gift Check Solutions dedicated gift card terminal. “We are excited to hear that our customers are pleased enough with our services to refer us to other companies, and we feel privileged to have Doolittles Air Cafe as a new client,” said John Bechard, president of Gift Check Solutions. “Our electronic gift cards provide Doolittles Air Cafe with a strong marketing tool to introduce new customers to their unique atmosphere and food, while our e-commerce services add a new dimension to Doolittles’ Web site and added convenience for its loyal customers.”

About Doolittles Air Cafe

The first Doolittles opened its doors in 1989 in Eagan, Minn. Doolittles has steadily grown because of its commitment to its ideals and goals which are accomplished through loyal and dedicated employees. Doolittles now has five locations in the Minnesota region.

About Gift Check Solutions

Based in Salt Lake City, Gift Check Solutions provides paper- and electronic-based gift products and services. The company manages the creation, processing, printing and fulfillment of gift certificates and gift cards. Electronic gift cards utilize magnetic swipe card technology, allowing gift card transactions to be processed real-time via a secure network. Gift Check Solutions also offers hosted e-commerce services for online gift certificate and ordering and customized point-of-purchase materials to drive gift certificate and gift card sales throughout the year. For more information, visit [http://www.giftchecksolutions.com][2] or call 888/739-9971.

[1]: http://www.giftchecksolutions.com/
[2]: http://www.giftchecksolutions.com/

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Starbucks Card

Starbucks Coffee Company this week introduced the Starbucks Card, a stored value card designed for personal use and gift-giving.

“The ability for Starbucks customers to use the Starbucks Card as a form of currency is a tremendous opportunity for us to enhance the Starbucks Experience,” says Howard Schultz, Starbucks chairman. “With the introduction of the Starbucks Card, we have the immediate opportunity to improve our customer service, shorten lines and make a person’s daily stop at Starbucks quicker and more convenient.”

The Starbucks Card is a quick, convenient way to purchase Starbucks products anytime. Customers can purchase Starbucks Cards and load them with any monetary denomination from $5 to $500, then use them just as they would use cash or credit cards. When the Card’s balance gets low, it can be reloaded in person at a Starbucks location, toll-free at 800-STARBUC or online at Starbucks.com and used again.

The Starbucks Card can also be used for any gift: customers can purchase anything from a week’s worth of Caffe Lattes for a friend to one of the coffeemakers in the Starbucks Barista(R) line for the college graduate. “Because the Starbucks Card is a stored value card, our customers can use it anytime — and even every day — to conveniently purchase their favorite beverage. In fact, the Starbucks Card is actually faster to use than a credit card, debit card, or even cash,” explains Darren Huston, Starbucks senior vice president, New Ventures. “We are also excited about the future of The Starbucks Card as the platform for some exciting, experience-enhancing interactive initiatives that we will test and implement over the next couple of years.” The Starbucks Card is currently sold at most company-owned Starbucks locations in North America, toll-free at 800-STARBUC and online at Starbucks.com. Starbucks licensed locations, including those at airports, grocery stores, bookstores, hotels and other locales, are expected to be card-enabled in the future. The Starbucks Card can be loaded and re-loaded with any monetary denomination from $5 to $500. The Starbucks Card is only valid in its country of origin.

Starbucks Coffee Company is the leading retailer, roaster and brand of specialty coffee in the world. In addition to its retail locations in North America, Europe, the Middle East and the Pacific Rim, Starbucks sells coffee and tea products through its specialty operations, including its online store at Starbucks.com. Additionally, Starbucks produces and sells bottled Frappuccino(R) coffee drink and a line of superpremium ice creams through its joint venture partnerships. The Company’s other brands enhance the Starbucks Experience through best-of-class products: Tazo Tea Company offers a line of innovative premium teas, and Hear Music produces and distributes a line of exceptional compact discs.

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Vital Express

Vital Processing Services launched a fully hosted, online management tool that gives acquirers the ability to automate their credit review and enrollment operations of new merchant accounts. ‘Vital Express’, utilizing HNC’s ‘Decision Manager’, provides straight-through processing of a new merchant application, from credit review and approval, to boarding accounts on terminal management and merchant accounting systems. Vital says the additional business intelligence allows acquirers to improve underwriting and pricing methodologies and to implement a customized and consistent decisioning practice.

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ULTRACARD PO

UltraCard China, Inc., a
wholly-owned subsidiary of UltraCard, Inc., whose parent
company, Upgrade International, is pleased to
announce that it has successfully completed the UltraCard Technology
Demonstration in Shanghai earlier this month.

Shanghai G-Pro Technology Co., Ltd., a procurement company for the Shanghai
Government has issued a Purchase Order to implement a pilot program consisting
of two million UltraCards and ten thousand UltraDrives
(Reader/Writers). The Fifteen Million Dollar (US) Purchase Order is subject to
delivery of the UltraCards and UltraDrives, conforming to mutually
agreeable specifications and will include the 5 1/4″ Half-Height
UltraDrive with USB interface and triple-read capability. Delivery is expected
to
commence
in the first quarter of 2002.

President of Shanghai G-Pro Technology Co., Ltd., Yang Yan says “After
attending the UltraCard technology demonstration in Shanghai we are
prepared to
move forward on the pilot program for the use of the UltraCard as an
end to
end solution for the Security Control System application.”
Dan Kehoe, Chairman and CEO of both UltraCard China, Inc. and UltraCard Inc.,
stated “We have been working with Arthur Zheng, President and Oran Chang, Vice
President of UltraCard China, Inc. for many months and are very confident that
under their leadership, UltraCard China, Inc. will be a strong and reliable
source for sales of UltraCards(TM) and UltraDrive(TM)reader/writers for many
years.”
Daniel Bland, President of Upgrade International, stated, “This Purchase Order
marks the first implementation of the UltraCard(TM) as a revolutionary product
in a Credit Card Format for use in a Security Application. I am very proud of
the UltraCard team that developed the UltraCard(TM) and prepared the
presentation and demonstration.”

About Upgrade

Upgrade International Corp. through its ownership interest in UltraCard Inc.,
Efornet Corp., and cQue Corporation is engaged in the development and
commercialization of a patented ultra high-capacity portable data storage
technology. UltraCard’s patented method for using existing hard disk storage
technology provides both highly durable media in a credit card format and an
inexpensive read/write device that together will become the next generation in
personal portable data storage for a broad range of existing and new markets.
Management believes that the UltraCard technology will potentially provide
numerous industrial users with a combination of high levels of security and a
vastly greater amount of personal transportable data storage at the lowest
cost
in the industry. In addition the acquisition and development of existing
SmartCard solution providers represents a strategic market strategy
designed to
accelerate the integration of the vastly superior technology inherent in the
UltraCard into existing and newly developing markets.

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Trintech 3Q/01

The top global provider of secure payment infrastructure solutions reported Tuesday a 24% increase in revenues for the third quarter. Trintech Group’s revenue for the quarter ending Oct 31, was $17.4 million which included software license revenue of $8.2 million, product revenue of $6.7 million, and service revenue of $2.5 million. The company says that after Sept 11th many of its professional services staff were unable to travel readily to their destinations resulting in lost billable time. The firm used up $8 million in cash during the quarter with an ending cash balance of $74 million. Trintech took a stock compensation charge during 3Q of $800,000 relating primarily to stock options granted in 1999 at market value to the members of the Company’s Advisory Board and to MasterCard as part of a strategic alliance. Trintech also noted that it reached agreement on its earn-out obligations to Exceptis Technologies, now offering total consideration of $1 million in cash if targets are met instead of the previous earn-out agreement which offered $10 million of stock for hitting milestones. The company has scheduled an analysts conference later this morning. For complete details on Trintech’s 3Q/01 performance visit CardData ([www.carddata.com][1]).

[1]: http://www.carddata.com

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