UniComp Launches Merchant Transaction Processing Services

Business Wire, Dec 8, 2000

Business and Technology Editors

MARIETTA, Ga.--(BUSINESS WIRE)--Dec. 8, 2000

New Freeware Version of UPSwin is Available to Software Developers and Retail Merchants; UPSwin Provides Significant Cost Savings Over Competitive Transaction Processing Services

UniComp Inc. (NASDAQ: UCMP), a provider of retail e-business solutions, customer-activated wireless devices and software solutions for companies, resellers and system integrators worldwide, today announced the launch of its freeware version of UPSwin transaction processing software.

UPSwin provides the vehicle for traditional as well as e-commerce merchants to process their transactions through UniComp which, through its relationships with companies such as American Express, Discover and Paymentech forwards the transaction to the applicable clearinghouse. According to UniComp President and CEO Stephen A. Hafer, the new freeware combined with UniComp's payment processing program provides merchants as well as software developers a significant cost savings over competitive solutions such as Cybercash and Go Software who charge for their transaction processing software.

"It is important to offer the traditional brick and mortar merchant the ability to expand their revenue sources by offering transaction processing services that, with a basic setup cost, will provide merchants the ability to process all credit card and check transactions quickly and cost effectively," commented Hafer. "And, another important component in our merchant transaction processing services is our Tranzparent Internet Portal. The portal provides a full compliment of web hosting services to allow a brick and mortar merchant to expand into the brick and click market to better service their customer."

Hafer noted that UniComp's growth strategy within the retail market encompasses a solid line of products and services to support both the traditional retail system solutions as well as the wireless, handheld e-commerce solutions for all retail merchants whether brick and mortar, brick and click, or e-commerce -- UniComp, a one-stop provider of retail products and services.

About UniComp

UniComp, Inc. is a provider of retail e-business solutions, customer-activated wireless devices and software solutions for companies, resellers and system integrators worldwide. The retail e-business solutions include (1) a full suite of e-commerce solutions and services including secure Internet and/or bricks-and-mortar transaction processing, web development and hosting and (2) a family of customer-activated wireless devices to enhance the retail shopping experience and reduce overhead costs. The software applications and services include (1) a comprehensive suite of systems management software for IBM AS/400 users and two platform migration products for transitioning IBM System/36 and AS/400 applications to open-system platforms such as Windows NT, UNIX and Linux along with (2) a range of IBM AS/400 automated system management software solutions; a workforce management, planning and scheduling product suite; a comprehensive human resource management system and a SCADA, monitoring and control product suite. UniComp's customer list includes high-profile companies such as Coca-Cola, Symbol Technologies, Kyrus Corporation, Compuware Australia, Systech Retail Systems, DHL Worldwide Express, and BMW Motors. Please visit our World Wide Web site at: www.unicomp.com.

Safe Harbor

The statements in this press release that relate to future results and market penetration are forward-looking statements. These forward looking statements involve certain risks and uncertainties associated with demand for the company's products and services, development of markets for the Company's products and services as well as other risks identified in the Company's SEC filings. Actual results, events and performance could differ materially. Readers are therefore cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release. UniComp undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.