POS Patent

@pos announced that it has been awarded patent No. 6,234,389 by the US Patent and Trademark Office directed to a PCMCIA connection supporting secure POS transactions between personal computing devices and external transaction accessories.

The patent, titled “PCMCIA-Based Point-of-Sale Transaction Systems”, pertains to the coupling of personal and business computing devices including desktops, laptops, and PDAs via a PCMCIA port to external sale/purchase transaction accessories. External accessories supported include smart card and magnetic stripe readers, touch sensitive virtual keypad screens, small printers, signature pads, or bio-metric devices. The patent also addresses internal security and secure transaction software included in support of the connection.

“Receiving this patent reflects a significant investment and commitment by @pos to expand our intellectual property portfolio,” said Llavan Fernando, CEO of @pos, “This secure transaction technology provides an unprecedented alternative for traditional POS systems and underscores our intent to drive the industry with innovative technology leadership.”

@pos initiated an aggressive patent program when the company was founded in 1996 and currently maintains a patent portfolio of 4 issued and 20 pending patents.

About @pos

@pos (OTCBB:EPOS) is a leader in secure, interactive electronic transaction technologies. The company currently markets its products to the retail, government and banking segments. @pos delivers proven technologies that include signature capture pads, web-enabled platforms, smart card interfaces, and encryption engines supporting DES and Triple DES. In addition, @pos offers an extensive suite of software tools. For more information, see www.atpos.com

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EURONET CFO

Euronet Worldwide, a leading provider of secure financial transaction
solutions, named Kendall Coyne as its Chief Financial Officer. Coyne brings
more than 20 years’ finance experience to Euronet, most recently from Aerie
Network Services, Inc. of Denver, Colorado, where he served as Vice President.
At Aerie, he was responsible for corporate structuring and financial
administration for the start-up fiber-optic telecommunications company.
Previous experience includes four years at Sprint PCS/Sprint as Vice
President and Director of Tax Policy. Prior to Sprint, Coyne served in
various tax management and executive management roles for Kansas City Power
and Light Company (KCPL), Public Service Co of NM, Albuquerque, NM, and
KPMG Peat Marwick, Albuquerque, NM.

“Kendall Coyne brings a wealth of experience ideally suited to his role at
Euronet, and we are fortunate to have him join our fast-paced team,” said
Michael Brown, Euronet Worldwide’s Chairman and CEO. “We expect him to play
an important role on the senior management team in moving Euronet forward
and building investor confidence and shareholder value.” Euronet Worldwide
also announced that since March 31, 2001, it had exchanged an aggregate of
DEM 35 million (US$15.5 million) face value of its 12 3/8% senior discount
notes for an aggregate of 1,225,000 shares of its common stock. The total
accreted value (through May 31, 2001) of the debt exchanged is DEM 26.6
million (US$12.0 million). The DEM 35 million face value exchanged includes
the DEM 23 million that was previously reported as a subsequent event in
Euronet Worldwide’s most recent Form 10Q.

As a result of these exchanges, Euronet’s long-term indebtedness will be
US$69.7 million in total face value (US$60.4 million in accreted value) as
of May 31, 2001. This compares to US$85.2 million in total face value
(US$72.3 million in accreted value) of total long-term indebtedness as of
March 31, 2001. The total decrease in the Company’s indebtedness will
result in an annual cash interest expense savings of approximately
$2,000,000 per year. “We are very pleased with these exchanges,” said
Brown. “They improve our balance sheet, reduce our long-term debt, are
accretive to the shareholders and will accelerate the Company’s move toward
profitability.”

About Euronet Worldwide

Euronet Worldwide is a global leader in the rapidly evolving arena of
electronic financial transactions. The company provides software and
service solutions to a wide array of industries from retail banking to
mobile operators, enabling them to offer customers secure access to their
personal financial information — any time, any place. Euronet operates
transaction-processing centers on three continents, including owning and
operating the largest independent ATM network in Europe. With corporate
headquarters in Leawood, Kansas, USA, and European headquarters in
Budapest, Hungary, Euronet Worldwide employs approximately 400 people in 15
locations.

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Canadian Cards Expand

Hudson’s Bay Company and Imperial Oil have joined together to offer Canadians more choice, convenience and flexibility – as of May 31, 2001, over 5 million Bay and Zellers credit cardholders can use their card as a method of payment at more than 2,300 Esso-branded service stations across Canada.

“Hudson’s Bay Company offers Canadians the widest selection of goods and services available from any single retailer in Canada,” said George Heller, president and chief executive officer, Hudson’s Bay Company. “We see ourselves as the ultimate shopping solution for Canadians and with Imperial Oil, we are extending beyond our current product offering to meet even more of our customers’ everyday needs. We are pleased to extend the utility of our credit cards to Esso stations across Canada. Our goal is to make shopping easy and rewarding for Canadians and this agreement is an important initiative in achieving this goal.”

By linking their Bay or Zellers credit card to their HBC Rewards/Club Z card, cardholders will earn 25 HBC Rewards Bonus points for every dollar spent at Esso. HBC Rewards Gold members will receive 50 HBC Rewards Bonus points for every dollar spent at Esso when using their Bay or Zellers credit card. HBC Rewards members can redeem their points for over 600 items available in the HBC Rewards catalogue available at any of the Hudson’s Bay Company family of stores – the Bay, Zellers or Home Outfitters or online at the HBC Rewards website found at [www.hbc.com][1].

“Our research continues to show the importance consumers place on convenience,” said Roger Purdie, Imperial’s vice-president of marketing. “This agreement with Canada’s largest department store retailer reflects our goal of offering consumers more convenience with new payment options and a chance to collect rewards from both Imperial Oil and Hudson’s Bay Company when they come to our service stations and convenience stores.”

Bay and Zellers credit cardholders can also earn Esso Extra points if they swipe their free Esso Extra card on eligible purchases made at participating Esso stations. The Esso Extra loyalty program is a gasoline loyalty program that consistently offers its customers a chance to both accumulate points and enter exciting contests.

About Hudson Bay

Hudson’s Bay Company, established in 1670, is Canada’s largest department store retailer and oldest corporation. The Company provides Canadians with the widest selection of goods and services available through numerous retail channels including more than 500 stores led by the Bay and Zellers chains. Hudson’s Bay Company is Canada’s fifth largest employer with 70,000 and has operations in every province.

About Imperial Oil

Imperial Oil Limited is one of Canada’s largest corporations and has been a leading member of the country’s petroleum industry for more than a century. Imperial is the country’s largest producer of crude oil and a major producer of natural gas. It is also the largest refiner and marketer of petroleum products – sold primarily under the Esso brand – with a coast-to-coast supply network. As well, the company is a major producer of petrochemicals.

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

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BOM CERTAPAY

Any Bank of Montreal customer with an email
address will be able to receive money by email in real time as a result of a
letter of intent signed by Bank of Montreal and CertaPay Inc.

The bank’s clients will have a secure person-to-person (P2P) cash
transfer system. To transfer funds, bank customers log on to their existing
Web account, click on the email payment feature and enter the recipient’s name
and email address. An email message instantly notifies the recipient that
funds have arrived, and at the recipient’s choice, the cash can be directed to
their preferred account – savings, chequing or credit card.

“CertaPay’s email money system addresses a real customer need that, so
far, has been unfulfilled in the payments industry. That’s the need to easily,
securely and affordably transfer money person-to-person electronically,” said
Marnie Kinsley, Executive Vice-President, E-Business, Emfisys, and President
and CEO Cebra Inc., Bank of Montreal.

“It will be like sending an electronic cheque, which is a vast
improvement over the paper-based process of mailing a cheque.”

When the CertaPay platform is up and running later this year, Bank of
Montreal customers, along with those of CIBC, Scotiabank and TD Canada Trust,
will have access to the first bank-based, email, P2P money system of its kind
and magnitude in the world.

“Email is ubiquitous,” says Michael Ginsberg, CertaPay’s CEO. “It’s
universal. It’s international. That makes email a perfect medium to facilitate
money transfer. The very fact that we’ve attached money movement to email has
a lot of foreign banks interested in our platform.”

ComQUEST Research Inc. estimates that today 58 per cent or about 14
million Canadians adults use at least one email address. According to a March
2001 estimate by the Canadian Bankers Association, there are approximately 20
million retail banking customers in Canada.

Banking industry surveys show that Canadians have confidence in the
safety and security of their banking system when conducting personal
electronic financial transactions. P2P email money transfers will originate
from within a bank’s password protected, authentication processes and
infrastructure. This means customers do not have to establish new accounts,
IDs or passwords with third parties other than their bank.

Also, customers do not need to know sensitive information about their
recipient, such as a bank account number, for example. They require only the
recipient’s name and email address, whether it’s to send money to family or
friends, pay the rent, donate to charities, contribute to fundraisers or pay
the daycare centre.

“Canadians have been able to make direct electronic payments to
established businesses and organizations for many years,” added Ms. Kinsley.
“Using email as the messaging system, funds will be transferred and payments
reconciled just as they’ve always been. By harnessing the power of the
Internet, we’re helping clients manage their money more easily.”

About Bank of Montreal

Bank of Montreal, Canada’s first bank is a highly diversified financial
services institution. The bank operates more than 30 lines of business within
its group of companies, including BMO Nesbitt Burns, one of Canada’s largest
full-service investment firms and Chicago-based Harris Bank, a major U.S. mid-
west financial services provider.

About CertaPay

CertaPay Inc. specializes in point-to-point Internet payment solutions
for financial institutions (FI). The CertaPay platform is designed to work
under FI brands, under FI security and under FI control. CertaPay’s solutions
empower FIs to retain full control over their customer relationships, offer
new electronic payment services and leverage their high levels of trust for
security and moving money. Bank of Montreal, Canadian Imperial Bank of
Commerce, Bank of Nova Scotia and TD Canada Trust are integrating CertaPay’s
person-to-person payment capability, which enables online banking customers to
email money.

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Post e-Cert Smart Card

Hongkong Post has signed a deal with VISA International for the development of a Hongkong Post e-Cert enabled multi-application smart card using Open Platform. This is the first time that Hongkong Post has collaborated with a payment association to explore the potential of e-Cert enabled Open Platform smart cards to give end-users greater convenience, personal security and protection. Under the deal, VISA and Hongkong Post will jointly study the suitability of the Open Platform to support Hongkong Post’s e-Cert and its Public Key Infrastructure, and the suitability for an Open Platform smart card to carry a Hongkong Post e-Cert as a medium to authenticate the identity of the holder. In the future, consumers will be able to authenticate and sign digital documents and to make payments by just one single e-Cert enabled smart card.

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EXPANDED ACCEPTANCE

Hudson’s Bay Company and Imperial Oil have joined
together to offer Canadians more choice, convenience and flexibility – as of
May 31, 2001, over 5 million Bay and Zellers credit cardholders can use their
card as a method of payment at more than 2,300 Esso-branded service stations
across Canada.

“Hudson’s Bay Company offers Canadians the widest selection of goods and
services available from any single retailer in Canada,” said George Heller,
President and Chief Executive Officer, Hudson’s Bay Company. “We see ourselves
as the ultimate shopping solution for Canadians and with Imperial Oil, we are
extending beyond our current product offering to meet even more of our
customers’ everyday needs. We are pleased to extend the utility of our credit
cards to Esso stations across Canada. Our goal is to make shopping easy and
rewarding for Canadians and this agreement is an important initiative in
achieving this goal.”

By linking their Bay or Zellers credit card to their HBC Rewards/Club Z
card, cardholders will earn 25 HBC Rewards Bonus points for every dollar spent
at Esso. HBC Rewards Gold members will receive 50 HBC Rewards Bonus points for
every dollar spent at Esso when using their Bay or Zellers credit card. HBC
Rewards members can redeem their points for over 600 items available in the
HBC Rewards catalogue available at any of the Hudson’s Bay Company family of
stores – the Bay, Zellers or Home Outfitters or online at the HBC Rewards
website found at www.hbc.com.

“Our research continues to show the importance consumers place on
convenience,” said Roger Purdie, Imperial’s Vice-President of Marketing. “This
agreement with Canada’s largest department store retailer reflects our goal of
offering consumers more convenience with new payment options and a chance to
collect rewards from both Imperial Oil and Hudson’s Bay Company when they come
to our service stations and convenience stores.”

Bay and Zellers credit cardholders can also earn Esso Extra points if
they swipe their free Esso Extra card on eligible purchases made at
participating Esso stations. The Esso Extra loyalty program is a gasoline
loyalty program that consistently offers its customers a chance to both
accumulate points and enter exciting contests.

Hudson’s Bay Company, established in 1670, is Canada’s largest department
store retailer and oldest corporation. The Company provides Canadians with the
widest selection of goods and services available through numerous retail
channels including more than 500 stores led by the Bay and Zellers chains.
Hudson’s Bay Company is Canada’s fifth largest employer with 70,000 and has
operations in every province.

Imperial Oil Limited is one of Canada’s largest corporations and has been
a leading member of the country’s petroleum industry for more than a century.
Imperial is the country’s largest producer of crude oil and a major producer
of natural gas. It is also the largest refiner and marketer of petroleum
products – sold primarily under the Esso brand – with a coast-to-coast supply
network. As well, the company is a major producer of petrochemicals.

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MoneyGram Signs Elektra

MoneyGram Payment Systems, Inc., and Elektra have agreed to provide the MoneyGram wire transfer service for the consumer electronic retailer’s 21 superstores in the Dominican Republic. MoneyGram’s subsidiary, MoneyGram of New York, LLC, was instrumental in securing this contract.

According to Gene Schott, president of MoneyGram New York, LLC, the multi-year agreement provides a significant corridor for consumers sending or receiving funds to or from the Dominican Republic.

“In our experience, the vast majority of money wire transactions for MoneyGram of New York consumers center around the Dominican Republic corridor,” he said. “Elektra’s excellent reputation and coverage of stores throughout the country provide our customers with an additional level of service.” He said customers in the Dominican Republic can pick up funds in any Elektra location in as little as 10 minutes following the transfer from any of the 37,000 MoneyGram agent locations in more than 150 countries around the globe. MoneyGram transfers are used world wide by people without traditional banking relationships, expatriates who send money to their home country, traditional bank customers in need of emergency funds, tourists without local bank accounts and business services that need rapid and economical wire transfer services. MoneyGram Payment Systems, Inc., a subsidiary of Travelers Express Company, is a leading money transfer services company. Travelers Express is a subsidiary of Viad Corp (NYSE:VVI) and provides payment services in the financial, retail and money transfer areas.

To find a MoneyGram agent or more information on Travelers Express go to [www.temgweb.com][1].

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

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LOYALTY SURVEY

Today, a UK survey reveals that eight in ten consumers think that retailers who track and analyze what their customers buy are more likely to be `in touch’ with what their customers really want. Furthermore, the majority (66%) of loyalty card users do not mind sharing information about what they buy with a retailer in return for a good quality loyalty program.

The survey, commissioned by Quadstone, experts in predictive marketing for customer loyalty solutions, is based on a UK-wide survey of almost 1000 consumers, aged 18 and over. It found that six in ten UK consumers have at least one reward/loyalty card and 71% will use them as often as possible. Nick Radcliffe, chief technology officer, Quadstone, said “The results are a very positive endorsement for loyalty programs and clearly indicate that consumers are aware of the benefits from tracking their behavior. Consumers recognize that retailers use their shopping data to design loyalty programs, that are more appealing to their individual needs. As a result, consumers do not mind sharing information with retailers as long as they receive worthwhile, personalized benefits.”

Interestingly, loyalty card users are divided on why retailers swipe their loyalty card when they make a purchase. The survey indicates 46% think it is to credit their account with points; 44% believe it is to collect information about what they purchase; only one in eight (12%) think that it is for both of these purposes.

More than half of the consumers asked think the information collected from their loyalty card is used to design future rewards that will be even more appealing (57%) or tailor offers and mailing more to their individual needs (49%). Four in ten (42%) believe the information is used to “group products together in the store to make shopping easier.”

“Loyalty programs are an effective and simple way to analyze a customer’s shopping behavior for customer and business mutual advantage. By pinpointing individual buying patterns and predicting future customer behavior, retailers can develop personalized, tailored promotions that not only differentiate service, but reduce defection rates and build customer loyalty,” added Radcliffe.

About Quadstone

Quadstone helps companies maximize customer value and generate increased financial returns by understanding, predicting and influencing customer behavior in and across all touchpoints. Quadstone offers software and services for specific industries, touchpoints and applications. These solutions improve the efficiency and effectiveness with which marketing users can address issues of customer retention, ROI, risk and response. Quadstone’ international clients include market leaders in the financial services, retail/e-tail, telecommunications and marketing services sectors and include CVS, GUS, Fingerhut, Barclays and Vodafone UK amongst others. Founded in Edinburgh, Scotland in 1995, Quadstone now also has offices in London, England and Boston, Massachusetts.

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MIST SALE

MIST Inc., a global leader in wireless transaction technology, announced
the completion of the sale of the NBS Bartizan Imprinter Division, based in
Kitchener, Ontario for net proceeds of CAD$7 million. Proceeds of the sale
will be used to repay debt.
“We are pleased that the restructuring of MIST is drawing to a close. Our
vision remains sharply focused the development of wireless transaction
solutions and payment gateway opportunities,” stated Charles E. Lee,
President and CEO of MIST Inc.

About MIST Inc.

MIST Inc. (TSEMIS), a leading global provider of wireless
transaction-enabling technologies, designs, manufactures and distributes
wireless and wired Point-of-Sale solutions. The MIST Freedom family of
wireless transaction terminals was developed to complement MIST’s existing
range of products. The MIST FreedomGate(TM) provides gateway services with
value-added options such as messaging, time and attendance, e-commerce and
advertising. With facilities in Canada, the United States and Japan, MIST’s
clients include North American and international banks, financial
institutions, credit and debit card processors, as well as retail, hotel,
restaurant, healthcare and loyalty customers.

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SMARTEL BASE24

ACI Worldwide announces the licensing of its BASE24(R) payment processing
software to SMARTEL S.p.A., an e-commerce service provider based in Italy.
SMARTEL chose BASE24 to manage point-of-sale (POS) devices and route credit
and
debit card transactions for its more than 500 customers. BASE24 will replace
SMARTEL’s existing highly customized system.

“We provide a wide range of e-commerce services to our clients and need a
system that gives us a strong foundation for our e-payment processing,” said
Sergio Piras, CEO of SMARTEL. “ACI’s solution gives us a solid platform for
our
POS processing–and the ability to add additional services to help our
customers adopt new economy technologies.”
SMARTEL will use BASE24 to build an integrated processing infrastructure that
securely and reliably processes POS transactions. BASE24 provides a scalable
processing platform that can accommodate ever-growing transaction volumes and
transactions initiated via emerging technologies such as smart cards,
electronic wallets and Internet shopping.

“Our BASE24 software offers SMARTEL a powerful payments processing engine that
can handle transactions from both physical and virtual environments,” said
Richard Launder, managing director of ACI Worldwide’s Europe/Middle
East/Africa
operation. “The around-the-clock nature of consumer payments has created a
need
for proven, reliable systems that can scale and support new technologies.
BASE24 meets that need.”
BASE24 is used by more than 340 ACI customers around the world to manage
devices, route and switch transactions, and provide authorization support for
high-volume payments processing. The software operates on Compaq NonStop
Himalaya systems to provide 24/7 support for ATM and POS networks, manned
teller systems, telephone banking, mobile commerce, and Internet banking and
commerce.

About ACI Worldwide

Every second of every day, consumers are initiating electronic payment
transactions-getting cash at ATMs, using debit and credit cards to make
purchases in stores and on the Internet, banking by phone and PC, paying bills
online. Twenty billion times a year, ACI software is used to process these
transactions, powering the world’s online payment systems. ACI was founded in
1975 and pioneered the development of applications and networking software for
online transaction processing. Today more than 2,000 customers in 78 countries
use ACI supplied software. Visit ACI Worldwide on the Internet at www.aciworldwide.com.

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LML – APS DEAL

LML Payment Systems Inc.announced it has signed an
electronic transaction processing contract with Advanced Purchasing Systems of
Phoenix, Arizona.

LML, through its proprietary transaction processing software REPS (Retail
Electronic Payments System) will provide check authorization processing along
with credit, debit and EBT card authorization and selective routing services
to Advanced Purchasing Systems’ four-store grocery chain operating under the
trade name Premier Desert Markets, located in the Phoenix, Arizona area.
“We are pleased with this contract and look forward to providing these
services to the Premier Desert Market stores. We also look forward to the
opportunity to provide additional related check services in the months ahead,”
said Corporation President and CEO, Patrick H. Gaines.

The Corporation, through its subsidiary LML Payment Systems Corp., is a
financial payment processor providing end-to-end check processing solutions
including Electronic Check Conversion (whereby paper checks are converted into
electronic transactions), electronic check verification, electronic check
re-presentment (whereby returned paper checks are re-presented for payment
electronically), and primary and secondary check collection to supermarkets,
grocery stores, multilane retailers, convenience stores and other national,
regional and local retailers. We also specialize in providing selective
routing, including real-time monitoring of check, debit, credit and EBT
transactions for authorization and settlement through our flagship transaction
processing product REPS (Retail Electronic Payment System). The Corporation’s
intellectual property estate, owned by subsidiary LML Patent Corp, includes
new U.S. Patent No. 6,164,528 regarding Internet checking transactions, in
addition to U.S. Patent No. 5,484,988 which describes a “Checkwriting point of
sale system,” which, through a centralized database and authorization system,
is capable of providing and administering various electronic payment services
for customers and businesses. Also included in our intellectual property
estate is a recently received Notice of Allowance from the United States
Patent and Trademark Office for a new patent based upon United States Patent
Application Serial No. 09/562,303. The new patent describes corporate checks
and electronic fund transfers (EFT) and relates to existing U.S. Patent
No. 6,164,528 and U.S. Patent No. 5,484,988 (described above).

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ESSO POINTS

Imperial Oil is the first national gasoline
retailer in Canada to join Points.com, the first-of-a-kind online exchange, as
part of its continuing enhancement to its Esso Extra loyalty program.
Effective immediately, Esso Extra cardholders can participate in this program
where Points.com members can trade points, miles and other loyalty currencies
between various participating programs.

“In response to consumers who want to see more in the way of convenience
and rewards, we are introducing a number of new initiatives during the next
few months,” says Roger Purdie, Imperial’s vice-president marketing.
For example, the company also plans to introduce Speedpass into the
marketplace in August of this year. Speedpass is a radio frequency transponder
device that fits on a key chain. It will automatically bill purchases against
a pre-determined credit card, as well as link directly to an Esso Extra
account for points accumulation. Consumers can use this device to pay for fuel
and convenience store items at participating Esso stations. The whole payment
transaction only takes seconds to complete.

“We will be launching Speedpass in Edmonton in August, and will roll it
out across Canada from there,” explains Purdie. “The Esso Speedpass is unique
in that it can be used for all payments at participating stations, including
in-store purchases.”

Last year, the company launched another first by offering free gas
rewards with Esso Extra points redemption. The Royal Bank Esso Visa card,
which was also introduced last year, allows cardholders to earn two or more
Esso Extra points for eligible purchases at participating Esso stations and
one point for every dollar spent on non-Esso purchases.

The Esso Extra loyalty program is one of the only gasoline loyalty
programs in Canada that consistently offers its customers a chance both to
accumulate points and to enter exciting contests. Since October 1997, over
$3.6 million in grand prizes have been given away. Customers are automatically
entered into contests when they pay with their Royal Bank Esso Visa Card or
swipe their Esso Extra card on eligible purchases at participating stations.
Points for gas and other rewards can be easily redeemed in one of three ways –
at Esso gas stations, online at www.essoextra.com or by calling Esso’s toll-
free number, 1-800-567-ESSO (3776).

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