UniComp Announces Launch of Its Internet Enabled Universal Payment Software and Transaction Processing Solutions

Business Wire, April 19, 1999

MARIETTA, Ga.--(BUSINESS WIRE)--April 19, 1999--

Internet Merchants Now Have a Cost-effective End-to-end Solution

For E-commerce Payment Verification and Transaction Processing -

From One Vendor

UNICOMP, INC. (NASDAQ: UCMP) today announced that it will complete the launch of its web-enabled suite of Universal Payment Software and Transaction Processing Solutions in its second fiscal quarter.

The initial version of the Universal Payment software, announced February 5, 1999, was reviewed by ZDNet's (NYSE:ZDZ) Software Library, the on-line division of Ziff-Davis (NYSE: ZD), and awarded ZDNet's highest `five-star' award. According to UniComp president and CEO Stephen A Hafer, the e-commerce UPS suite will deliver a completely integrated solution for small to medium Internet merchants - all under the UniComp Solutions Umbrella.

"Forrester Research projected revenue generated from e-commerce will grow from $22 billion in 1998 to $350 billion by 2002. Based on our internal marketing research we know there are literally thousands of small to medium sized companies looking to capitalize on this potential revenue stream, said Hafer. Currently these companies must pull their online solutions together from a myriad of web hosting companies, payment authorization providers and transaction processors -- a time consuming and confusing process," commented Hafer. "We have streamlined and simplified the process of easily and safely establishing an e-commerce site with one telephone call to UniComp. We will host the merchant's e-commerce web site and provide secure on-line payment capability with our robust Universal Payment Software. UniComp will then efficiently and cost-effectively process the payment transactions for the e-commerce merchant," added Hafer.

"The acquisition of Continuum Technology added to the Company's web-based front-end solutions which will use our powerful Universal Payment Software to evolve into a full suite of Software solutions meeting the needs of both traditional and Internet merchants," commented UniComp Senior Vice President Robert E. Shaver. "Now, utilizing a cost-effective PC, both e-commerce or traditional retailers can easily expand their payment processing capabilities without adding expensive payment terminals, approval services or multiple card processors."

Universal Payment Software provides the credit and debit card authorization and settlement system, which also supports traditional, check verification, authorization, and guarantee services. Bar code and credit card magnetic readers are also supported. The system can be integrated with Point-of-Sale software or operated as standalone software from an intuitive main menu. The system supports all payment types from electronic benefits transfer to frequent shopper programs and gift certificate issuance and validation. Batch processing at the end of the business day provides quick data on sales. To find out more about UniComp's Universal Payment Software, visit their World Wide Web site http://www.thinkpos.com.

About UniComp

UniComp, Inc. develops, markets and supports platform-migration, vertical market applications and e-commerce payment processing systems for Windows NT and UNIX-based computer systems and point of transaction processors worldwide. The Company licenses its technology to a cross section of industries including manufacturing, distribution, transportation, public-sector, point of sale and transaction processors. Additionally, the Company provides installation, training and systems integration, serving a worldwide network of end user customers, dealers and distributors. UniComp employs over 400 staff worldwide and has over 50 distributors internationally, with over 30,000 installations in more than 55 countries. Please visit our World Wide Web site at http://www.unicomp.com for further information on UniComp.

Except for the historical information contained herein, the matters discussed pursuant to UniComp's entry into the e-commerce market as a provider of end-to-end transaction processing solutions are forward looking statements that involve risks and uncertainties, including timely development and market acceptance of its transaction processing products, the impact of competitive products, and other risks detailed from time to time in the Company's publicly available reports.