Default Proof Credit Card System Inc. "FOREIGN LICENSE GRANTED"

Business Wire, Nov 19, 1997

MIAMI--(BUSINESS WIRE)--Nov. 19, 1997--Default Proof Credit Card System Inc. (OTC BB:DPRS) has been notified by the U.S. Patent and Trademarks Office, Washington, D.C. that its "ACCIM" Patent Pending has met the conditions to be granted a license under 35 U.S.C. 184, "FOREIGN LICENSE GRANTED."

The company is now licensed to file its patent application in other countries and eventually get the patent in each desired foreign country. The majority of industrialized nations of the world are parties to international treaties. The "Paris Convention" and the "European Patent Office" govern almost all reciprocal patent filing rights.

The patent pending concept will allow millions to obtain MASTERCARD(r), VISA(r), OPTIMA(r), or DISCOVER(r) cards, free of interest, late payments, or over limit charges, but with all the functions and privileges of the current debit/credit cards, and more. In addition to this new concept, the company has a patented RESOURCE(r) SYSTEM which is a Default Proof system providing individuals with a convenient method of obtaining lower cost, immediate access to instant credit - which is collateralized by the equity in cash values of their life insurance policies.

CONTACT: International Buying Power Corp.

561/482-0004/ Fax 561/488-2602