Cash Card Communications Corp Ltd. and DataWave Systems Inc.: Corporate Update.

Business Editors

HAMILTON, Bermuda--(BUSINESS WIRE)--Feb. 8, 2002

In accordance with the requirements of Section 111 of the Securities act (British Columbia) and Section 101 of the Securities Act (Ontario), Cash Card Communications Corp Ltd., a private Bermuda company, (the "Investor") announces that it has acquired, by way of purchase, beneficial ownership of, or the power to exercise control or direction over, 2,174,000 common shares of DataWave Systems Inc. ("DataWave") at a cost of US$434,800. DataWave is a reporting company whose shares are posted and listed for trading on the Canadian Venture Exchange under the trading symbol "DTV" and on the Over-The-Counter Bulletin Board (OTCBB) in the United States under the trading symbol "DWVSF."

Upon completion, the Investor will have a total of 17,949,000 common shares currently comprising 40.91% of the outstanding shares of DataWave.

The Investor believes that the Company's stock is substantially undervalued, and out of a concern that the Company might receive an unsolicited purchase offer, it approached Glencoe to acquire 2,174,000 to protect its earlier investments.

The Investor's acquisition of 2,174,000 shares was made for the express purpose of discouraging any such "extraordinary transaction."

As of the date hereof, the Investor does not intend to increase its beneficial ownership of, or control or direction over, any securities of DataWave.

CASH CARD COMMUNICATIONS CORP LTD.

Alan Trope, Authorized Signatory

The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.