ViVOtech to Sponsor Payment Enabled NFC-Mobile Phone Giveaway During The NFC Technology Summit at CTIA Wireless 2006; Unique Promotion Equips Select Attendees to Make NFC Payments at Contactless Enabled Retailers

Business Wire, March 30, 2006

SANTA CLARA, Calif. -- ViVOtech, the leading supplier of contactless and NFC payment solutions, is sponsoring a giveaway of Near Field Communications (NFC)-enabled cellular handsets at the NFC Technology Summit being held April 4 in Las Vegas in conjunction with the CTIA Wireless 2006 conference.

Select attendees will receive NFC-enabled Nokia 3220 mobile phones that will allow them to experience, first hand, the ease and convenience of using NFC mobile phones for making payments. Each phone, pre-loaded with a $25.00 MasterCard Prepaid account, can be used at a variety of contactless-enabled retail stores in Las Vegas. Users need simply select the prepaid card issued on the phone's display, tap the phone on the contactless reader at the register, and the payment transaction will be completed. In addition, attendees will also be able to find directions to these nearby retailers by tapping their NFC-enabled phone at special interactive posters hung inside the Las Vegas Convention Center.

Each phone is enabled with the ViVOwallet 2.0 payment and Service Discovery application software, which is part of the ViVOnfc Software Suite announced in September 2005. With ViVOwallet 2.0, cell phones can support multiple cards from different payment brands thru an easy to use graphical user interface. The ViVOnfc software suite also includes ViVOplatform, which enables issuers and retailers to send cards over-the-air (OTA), as well as other real time services like e-coupons, tickets, loyalty programs, and prepaid and gift card products.

"Delivering working NFC payment solutions that can be used in a real-world retail environment is a major milestone for the payment industry," said Michael Mullagh, CEO for ViVOtech. "We firmly believe this technology is going to transform the way retailers and consumers interact and communicate with each other."

"With this giveaway, users will be able to see for themselves the power and promise of Near Field Communications in a mobile handset," said Timothy Downs, executive vice president of CMP Media, producers of the conference. "Thanks to ViVOtech's leadership, vision and commitment to Near Field Communications, I'm beginning to see how the wallet as we know it may soon become extinct. All the plastic we currently have in our wallet will soon be embedded into our phones."

About Near Field Communications:

Near Field Communication (NFC) is a standards-based, short-range wireless connectivity technology that enables simple and safe two-way interactions among electronic devices, allowing users to perform contactless transactions, access digital content and connect devices by just bringing the devices near each other. The five-year implications of the technology -- from NFC cellular handsets to NFC consumer electronics -- show tremendous promise of enhancing end user experiences while reshaping communications, content and payment business models.

About the NFC Summit

The NFC Summit takes place on Tuesday, April, 4 between 9:00 a.m. and 6:00 p.m. in Room N201 at the Las Vegas Convention Center. Participating organizations include Nokia, Motorola, American Express, Visa, ViVOtech, MasterCard and McDonalds -- just to name a few. Many of these companies are actively involved in pilot programs which are designed to simplify a consumer's connectivity, content and commerce experiences in the retail environment.

About ViVOtech

ViVOtech is the market leader in contactless payment software, readers, cards, fobs and transaction management systems. These solutions allow consumers to make contactless payments with radio frequency-enabled credit cards, debit cards, key fobs, and NFC enabled mobile phones. With more than 140,000 units shipped, ViVOtech's products are being used by movie theaters, fast food restaurants (QSR), casual dining establishments, convenience stores, gas stations, drug stores, grocery and vending machine locations enabling them to accept contactless payments. ViVOtech is headquartered in Santa Clara, California, with offices in Europe and Asia. In 2005, ViVOtech received the prestigious Frost & Sullivan technology award for its role in transforming the contactless payment industry. For more information, please visit the ViVOtech website at www.vivotech.com.

About CMP Media

CMP Media is a marketing solutions company serving the technology, healthcare and lifestyles industries. Through its market-leading portfolio of trusted information brands, CMP Media has earned the confidence of more professionals and enthusiasts in these fields than any other media company. As a result, CMP is the premier provider of access, insight and actionable programs designed to connect sellers and buyers in each of these industries in ways that yield superior return on investment. CMP Media is a subsidiary of United Business Media (http://www.unitedbusinessmedia.com), a global provider of news distribution and specialist information services with a market capitalization of more than $3 billion. Visit the CMP Media Web site at www.cmp.com.