AccuPoll Holdings Rated 'Speculative Buy/4,' By Investrend Analyst Stephanie Loiacono, CFA.

NEW YORK -- (Investrend Research Syndicate) AccuPoll Holdings (OTCBB:ACUP) has received a 'Speculative Buy' rating from Investrend Research analyst Stephanie Loiacono, CFA, who in a Criterion report said the downside risk is fully priced in and the potential for price appreciation on positive developments is high.

Noting that AccuPoll is a start-up technology company founded in 2001, which develops and markets a federally qualified electronic voting system, and although the company "has not yet generated revenue from their product," Loiacono stated "we believe the Company's technology is the right solution at the right time for verifiable voting systems."

The analyst further noted:

The market opportunity for AccuPoll's products and services is sizeable. Following problems during the Presidential elections of 2000, Congress established HAVA, which authorized $3.9 billion to upgrade election systems. We believe AccuPoll is uniquely positioned to capture market share.

The Company's direct recording electronic (DRE) voting system provides a voter-verified paper audit trail ("VVPAT") that is both human and machine readable.

AccuPoll's system was qualified as meeting federal voting system standards on March 25, 2004.

At least seven states have passed legislation requiring a VVPAT. Since December 2004, another 13 states have introduced legislation. This feature is already designed into the Company's system, as opposed to adding a printer module as some competitors must now do.

As of January 31, 2005, AccuPoll's DRE voting system was certified by nine states.

These competitors enjoy greater financial resources and economies of scale than AccuPoll, which are key considerations. Still, we believe AccuPoll has a competitive edge, based on: 1) having achieved federal certification relative to the latest 2002 standards, 2) its open source/open standards technology which are transparent, secure and adaptable, 3) its Voter Verified Paper Audit Trail and 4) its multiple language capabilities.

The analyst's credentials are at http://www.investrend.com/articles/secondlevel.asp?level=238

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