CHECKPOINT SYSTEMS GRANTS LICENSE TO TOKAI AND SUPPLY AGREEMENT TO KNOGO; Second Source of Tags Now Available.

THOROFARE, New Jersey--(BUSINESS WIRE)--Feb. 12, 1996-- Checkpoint Systems, Inc. (NYSE: CKP) today announced that it has granted a non-exclusive world-wide license to Tokai Electronics Co., Ltd. of Japan to manufacture its radio frequency disposable tags.

Checkpoint also announced a supply agreement with Knogo North America, Inc. (ASE: KNA) whereby Knogo will purchase 50 million disposable tags for resale to its customers in the United States and Canada.

Checkpoint's Kevin Dowd, President and CEO, said, "The license agreement with Tokai will now provide our customers with an alternate competitive source for disposable tags. The license will increase world-wide tag manufacturing capacity necessary to meet the growing source tagging demands. This license is the first of other planned licenses which will provide Checkpoint technology to third parties interested in sharing in the demands of the rapidly growing source tagging market in electronic article surveillance."

Mr. Dowd also said, "The agreement with Knogo will provide them with a reliable, disposable, RF tag to meet their customers' demands for a supplement to Knogo's reusable RF hard tags."

Checkpoint Systems, Inc. is a leading provider of integrated security solutions for retailers worldwide and is the leading provider of radio frequency (RF) source tagging, which allows its paper-thin tags to be embedded into product packaging.

CONTACT: CHECKPOINT SYSTEMS

Steven G. Selfridge

609/384-2473

or

MALLORY FACTOR INC.

Kenneth DiPaola

212/242-0000