ATM Processor Innobeta Celebrates First Anniversary of Operation; Unique Flexible Approach Results in Double-Digit First Year Growth.

Business Editors/High-Tech Writers

SOUTH HACKENSACK, N.J.--(BUSINESS WIRE)--May 23, 2003

Innobeta Systems, Inc., a significant provider of ATM processing services, will celebrate its one-year anniversary on June 12, according to company CEO Eric Park.

In its first year of operation, Innobeta has nearly doubled its business each month, said Park, who attributed the company's success to its flexible customer approach.

"In a challenging business environment, we've been successful because of our emphasis on flexibility, Park explained, citing a number of examples. "We've found a way to provide our business partners with multiple ways to customize their processing solution--all within the bounds of a highly standardized business."

First, Innobeta customers can choose from a range of connectivity options, including leased line, dial up, CDPD, wide-area or local area networks, according to Park.

Second, Innobeta also provides a unique data management tool set for customers built around a Web-based reporting system that gives users secure, real-time access to transaction data.

"In a business where hundreds or even thousands of transactions can flow through in an hour, our real-time approach allows our customers to analyze transaction patterns instantly," said Park. "This gives them the flexibility to make adjustments and stay on top of their business."

Third, the Innobeta platform can process additional services for the company's customers. These so-called pre-paid media include pre-paid wireless recharging, pre-paid long distance plans, money transfer, check cashing, event tickets, or bill payments.

Innobeta supports a wide range of ATM terminals from more than a dozen manufacturers around the world. Its business partners include Dell Computers, AT&T and Palm Desert National Bank.

"Our goal for Year 2," said Park, "is to increase functionality, while at the same reducing costs in order to set the benchmark for cost-effective service in the processing industry."

About Innobeta Systems, Inc.

Innobeta Systems, Inc. provides transaction processing and ATM terminal driving services for financial institutions and independent sales organizations. Innobeta provides connectivity for ATMs to most national and regional financial networks via direct connects or gateways.

The key to the Innobeta platform is an open architecture that allows continuous availability, hardware independence and transaction security.