iCache Named One of New England's 40 "Hot" Young Companies; Award-Winning Start-Up to Present at New England Venture Summit, November 28th at the Boston Marriott Burlington

Business Wire, Nov 27, 2006

CAMBRIDGE, Mass. -- iCache, a pioneer in the development of groundbreaking software that transforms mobile devices into ultra secure digital wallets, today announced that iCache has been named one of New England's "hottest" young companies by youngStartup Ventures, host of The 2006 New England Venture Summit. As a result of this honor, iCache President Jack Harvey will present iCache's business model to Venture Capital firms as part of this year's Summit.

The New England Venture Summit is an exclusive investment conference uniting venture capital and innovation. The Summit, which features VC and entrepreneur panel discussions, live company presentations, interactive workshops and networking, attracts senior level executives from a variety of industries including: Internet, Wireless, Software, Medical Devices, Clean Energy, New Media, Life Sciences, Biopharmaceuticals, Infrastructure, Networking, Technology, E-Commerce, Professional Services, Investment and Venture Capital. The conference is an invaluable industry gathering for investors seeking access to early stage deals, as well as for a CEO or founder of a new venture seeking funding, visibility, and growth.

Who:    Jack Harvey, President, iCache

What:   The New England Venture Summit

When:   Tuesday, November 28, 2006, 8 a.m. - 5 p.m. ET

Where:  The Boston Marriott Burlington
        Burlington, MA
        Rt. 128 & 3A (One Mall Road)
        Burlington, Massachusetts 01803

Mr. Harvey will explain how iCache addresses the need for secure payment and individual, portable data systems. The presentation will detail how the iCache application works with existing point of sale infrastructure while simultaneously adding exceptional functionality, security, and cost effectiveness for consumers, financial institutions, and merchants.

"It is an honor for us to be selected to speak at such a prestigious event as the New England Venture Summit," said iCache Founder and CEO, Jonathan Ramaci. "Prevailing conditions in today's market have created a need for a solution that addresses the issues solved by iCache. We appreciate the opportunity to explain how iCache will address these issues, while helping financial institutions reach 'top of wallet' position, aiding those merchants seeking accurate and efficient consumer processing systems, and empowering consumers."

About iCache:

iCache is the emerging leader in the development of groundbreaking software and hardware which transforms mobile devices into ultra secure digital commerce platforms. iCache is capitalizing on the growing adoption of RFID-enabled payment solutions and the need for secure payment and individual data transfer systems. The company's iCache software and hardware solutions build on emerging platforms while adding significant new functionality, security, and cost effectiveness for consumers, financial institutions, and merchants.