MIST Announces Enablement of MIST Wireless Terminal On BellSouth Intelligent Wireless Network

Business Wire, March 20, 2000

Business Editors/Technology Writers

TORONTO--(BUSINESS WIRE)--March 20, 2000

MIST, a division of NBS Technologies Inc., a Program Sponsor of

BellSouth Wireless Data's WAVE 2000 Conference

Only Wireless Solution Featured in Solutions Showcase

At the Wireless Alliances and Vision Exchange 2000 Conference (WAVE 2000) held last week, MIST, Inc., a leader in wireless direct payment solutions, announced that the MIST Freedom 2 wireless terminal is now enabled for the BellSouth Intelligent Wireless Network.

"We're pleased to be working with a valued partner such as MIST in the fast emerging wireless point-of-sale (POS) marketplace," said Janet Boudris, Senior Vice President, Strategic Marketing for BellSouth Wireless Data. "With the BellSouth Intelligent Wireless Network, MIST offers a compelling solution for this market with its Freedom 2 wireless device."

MIST was pleased to be a Program Sponsor for the event as well as the only conference sponsor in attendance with its own point-of-sale wireless terminal solution.

Sponsored by BellSouth Wireless Data, WAVE 2000 is the premier event for the wireless data industry. MIST presented their leading-edge MIST Freedom wireless terminals at the WAVE 2000 Solutions Showcase during the event. MIST's advanced wireless direct payment technology opens brand new markets for point-of-sale transaction terminals. In addition to the BellSouth Intelligent Wireless Network, the MIST solutions support all of the leading data and transaction network communications. MIST Freedom wireless terminals allow businesses on the go, such as mobile merchants or taxi companies, to offer customers the convenience and security of direct payment.

"We were very excited to be in the company of the leaders in the wireless industry at WAVE 2000 and to have had the opportunity to develop strategic relationships with other attendees," remarked Charles Lee, President and CEO of MIST. "Above all, we are extremely pleased to be working with BellSouth Wireless Data and look forward to a very successful partnership."

About MIST

MIST designs, manufactures and distributes wired and wireless POS transaction terminals and related software including payment and transaction gateways from its facilities in Montreal and Mississauga. The company has an installed base of over 500,000 terminals and its customers include a number of Canadian and international chartered banks and financial institutions. MIST is a division of NBS Technologies.

NBS Technologies Inc., based in Mississauga, Ontario, designs, manufactures and distributes an integrated line of card products, card issuance devices and services, identification products and related software solutions. NBS serves a wide range of international customers, including financial institutions, retailers, government agencies, corporations and healthcare organizations. The Company operates manufacturing facilities in North America and distributes its products worldwide through sales offices in North America and the United Kingdom and an international dealer network.

This news release contains certain forward-looking statements that reflect the current views and/or expectations of NBS Technologies Inc. with respect to its performance, business and future events. Such statements are subject to a number of risks, uncertainties and assumptions. Actual results and events may vary significantly.