Catuity Announces Deferral of Court Hearings.

Business Editors

DETROIT--(BUSINESS WIRE)--June 18, 2001

Catuity, Inc. (NASDAQ: CTTY; ASX: CAT) today issued the following announcement:

The hearings in the Federal Court of Australia in the legal proceedings commenced by Welcome Real Time against Catuity for patent infringement were to recommence on Tuesday, June 19, 2001.

As previously advised Catuity, WRT and other industry participants are conducting discussions. In order to allow these discussions to continue, the parties and the Court have agreed to an adjournment or deferral of the proceedings until July 17, 2001.

Catuity, Inc. (www.catuity.com) is a leading provider of loyalty software systems. The Catuity software includes an integrated suite of applications that provide loyalty, ticketing, access control, and membership. The Catuity Loyalty System is ubiquitous in that it can operate on any device, any card program, and with any payment process, including stored value, smart cards and wireless applications. Catuity unites the brick-and-mortar retailer with the Internet to enable cross-sell capabilities with consistent brand imaging across all channels.

In conjunction with the provisions of the "Safe Harbor" section of the private Securities Litigation Reform Act of 1995, this release may contain forward-looking statements pertaining to future anticipated projected plans, performance and developments, as well as other statements relating to future operations. All such forward-looking statements are necessarily only estimates of future results and there can be no assurance that actual results will not materially differ from expectations. Further information on potential factors that could affect Catuity, Inc. is included in the Company's Form 10-K, which is filed with the U.S. Securities & Exchange Commission.