Default Proof Credit Card System Inc. Announces Compliance With SEC Reporting, and Advances Details

Business Wire, Oct 19, 1999

MIAMI--(BUSINESS WIRE)--Oct. 19, 1999--

Default Proof Credit Card System Inc. (the "company") (OTCBB:DPRS), is pleased to announce as of Oct. 14, 1999 the company is in full compliance with Securities and Exchange Commission ("SEC") reporting regulations. This information may be obtained from the EDGAR web site: http://www.sec.gov.

These filings include information regarding the company's business plans, as well as, details about the company's three new patents pending: Automated Teller Machines Debit Cards Dispensers (2) and ubuydebitcards.com. Interested parties may preview the company's additional new web site on the Internet at http://www.ubuydebitcards.com.

The recently filed reports indicate that the company's total amount of shares issued and outstanding is 1,224,351. The company estimates that the shares market float is approximately one third of the total number of the shares outstanding.

This release contains certain forward-looking statements by the company. A variety of factors could cause results different from those anticipated, expected and expressed by Default Proof Credit Card System Inc.