BSI2000 Touts Potential of South African Bankcard Project.

Business Editors

DENVER--(BUSINESS WIRE)--Sept. 29, 2003

BSI2000 Inc. (OTCBB: BSIO), a developer of integrated optical card-based transaction systems for homeland security and other applications, today released additional details concerning its South African bankcard joint venture.

On Sept. 21, eUnity Financial Services (Pty) Ltd., a joint venture between BSI2000 and its South African partner companies, held the grand opening of its first eUnity Financial Service Center in the Venda area of South Africa. The opening ceremonies were attended by a number of South African national government dignitaries from the Department of Health as well as by Jack Harper, president of BSI2000.

The Venda eUnity Financial Service Center currently offers cash deposit and withdrawal services that use the BSI2000 Transact 2000(TM) system and optical bankcards that are issued to individual account holders. The account holder's fingerprint is digitally encoded on the optical bankcard and unless the system is able to match the fingerprint on the card to the fingerprint of the person presenting the card, then transaction processing is denied. The Service Centers function using cash machines that both receive and dispense currency. The Transact 2000(TM) system verifies the identity of the cardholder and records cash transactions on the optical bankcards along with a permanent audit trail.

The Transact 2000 system is totally off-line which BSI2000 believes is essential to success of a bankcard system in the rural areas of South Africa and elsewhere. Each Service Center operates on a self-contained basis with no online connection to any conventional bank. The off-line capability of the system allows advanced bank services to be provided in areas with limited telecommunications. BSI2000's joint venture partners estimate that there are some 35 million South Africans that live in areas with such limitations.

In addition, the joint venture will submit bids to the South African Department of Health to administer the distribution of retirement benefits and aid to dependent children in areas that are served by its eUnity Financial Service Centers. The joint venture intends to open four additional Service Centers before the end of the year.

After basic cash deposit and withdrawal services have been established, then small business loans will be offered to Service Center account holders. BSI2000 and its joint venture partners see small business loans as a means to both promote economic development and to increase demand for services that are provided by the Service Centers. Interest on the loans will also earn additional revenues for the Service Centers.

BSI2000 and its partners believe that enormous amounts of personally held currency lie fallow in the rural areas to be served by eUnity. By providing a bank system that will encourage depositing that currency, the joint venture expects to be able to make loans to local businesses and entrepreneurs for useful purposes.

Harper said, "We and our partners are in the process of proving this optical bankcard business model and technology in the rural areas of South Africa. I am confident that if the system proves successful, then we will be able to expand our operation to other countries that have similar telecom infrastructure issues that force essentially cash economies. As well as providing BSI2000 substantial revenues in card and systems sales, this expansion could rapidly increase the rate of economic development in many other countries. I see South Africa as a test case for the global market for the technology that we have developed over the last several years."

About BSI2000 Inc.

BSI2000 Inc., a manufacturer of integrated hardware and software optical card products, has developed proprietary applications of patent-pending technology for the homeland security and other markets that use LaserCard(R) products.

Company Web site: www.bsi2000.com (English, German, French, Russian, Arabic)

NOTE: LaserCard(R) is a registered trademark of LaserCard System Corp. (www.lasercard.com). Civilitas 2000, Transact 2000 and Crypto 2000 are trademarks of BSI2000 Inc. Patents pending.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements contained in this document which are not historical fact are forward-looking statements based upon management's current expectations that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements.