Default Proof Credit Card System, Inc. Enters the Prepaid Debit and Gift Cards Business Through Its New Wholly Owned Subsidiary

Business Wire, Oct 10, 2006

MIAMI -- Default Proof Credit Card System, Inc. (OTCBB:DPRS) announced today that it has a wholly owned new subsidiary named Gift Cards Online, Inc. The new company is incorporated in the State of Florida.

Default Proof Credit Card System, Inc. (the "DPCCS"), presently fully licensed to move forward with the U.S. Patent No. 7,096,198, has sub-licensed on non-exclusive basis, Gift Cards Online, Inc. (the "GCO") to explore the use and maximize the value of the patent granted on August 22, 2006 titled "Internet Web Site Program For The Purchase, Issue And Dispensing Of Debit Cards". DPCCS will focus on offering non-exclusive licenses of its proprietary patented priority rights to new entries as well as those unlicensed providers presently selling prepaid debit and gift cards.

The patent application was filed on December 8, 1998 and owns patented priority rights from August 3, 1998. After almost eight years waiting for the U.S. Patent and Trademark Office to grant and issue this patent, DPCCS and GCO will be entering the prepaid debit and gift cards market as soon as management secures the necessary needed funds.

Default Proof Credit Card, Inc. expects that all present unlicensed providers selling prepaid debit and gift cards will apply for their licenses from DPCCS as GCO has done. Providers obtaining such licenses will maintain transparent and permitted continuance of their prepaid card businesses.

Visiting Default Proof Credit Card System Inc. and/or Gift Cards Online Inc. websites http://www.dpccsystem.com and http://www.ubuygiftcards.com you will find additional valuable information.

Safe Harbor Disclaimer

The statements included in this press release concerning predictions of economic performance and management's plans and objectives constitute forward-looking statements made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. These statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors which could cause or contribute to such differences include, but are not limited to, factors detailed in Default Proof Credit Card System, Inc.'s Securities and Exchange Commission filings. Presently DPCCS nor GCO, however, has any significant cash or other liquid assets nor has either of them received any commitments for cash or other assets from others. There can be no assurance that either DPCCS or GCO will be able to obtain funding on terms not unfavorable, if at all. The forward-looking statements contained in this press release speak only as of the date hereof and Default Proof Credit Card System, Inc. disclaims any intent or obligation to update these forward-looking statements.